Topic
refinery
Commodities U.S. Diesel Crack Spread Hits Record $102 a Barrel, Signaling Q4 Supply Crunch
The U.S. diesel crack spread hit an all-time record of roughly $102 a barrel on August 17, 2026, according to Reuters figures cited by FreightWaves, with distillate inventories at the lowest level for that time of year since 1996. The spread, four to six times normal, points to a refining and supply crunch rather than a crude oil problem. FreightWaves frames it as an early-warning signal for diesel buyers heading into Q4.
Commodities Russia faces fresh fuel shortages as refinery attacks disrupt supplies
Fuel shortages have resurfaced in parts of Russia, with at least 10 regions tightening petrol sales restrictions after fresh drone attacks on refineries, according to Business Today. Petrol was unavailable at some Moscow filling stations, and wholesale gasoline sales on the St Petersburg International Mercantile Exchange fell 20% since the beginning of August.
Commodities India cooks up LPG safety net: Govt fixes refinery-wise output targets; Reliance gets biggest quota
India's petroleum ministry has, for the first time, fixed maximum LPG output targets for 21 refineries and upstream companies, capping combined output at 63,810 tonnes per day. Reliance Industries' Jamnagar DTA refinery gets the largest single quota of 18,000 tonnes a day, while imports had covered over 64% of demand before the Iran war shut the Strait of Hormuz.
Commodities ADNOC Suffers Sixteenth Hit as Houthis Strike Saudi Refinery
Iran attacked another ADNOC vessel in the Strait of Hormuz over the weekend, marking the sixteenth hit on the UAE energy major's fleet, while Houthis struck Saudi Aramco's 400,000 bpd Jazan refinery. Precious Shipping received $10.9m in war-risk cover for the lost bulker Mayuree Naree. Negotiations to reopen Hormuz remain deadlocked, according to Splash247.
Commodities MRPL diversifies crude sourcing to strengthen supply security amid geopolitical risks
Mangalore Refinery and Petrochemicals Ltd (MRPL) has diversified its crude oil sourcing to 273 grades from Asia, South America, Africa, the US and Russia, processing new crudes like Hout, Mostarda, Gindungo and Sarir Mesla. The strategy, detailed in MRPL's 2025-26 annual report, aims to reduce dependency on any single source and enhance supply security amid geopolitical tensions, particularly around the Strait of Hormuz. MRPL also collaborated with Indian Strategic Petroleum Reserves Ltd to utilize underground storage for crude inventory management.
Commodities MRPL becomes first Indian state refiner to charter Iraqi crude cargo since Hormuz blockade
Mangalore Refinery and Petrochemicals Ltd (MRPL) has chartered the Aframax tanker Jasmin Joy to load crude oil from Iraq's Basrah oil terminal on July 19-20, becoming the first Indian state-owned refiner to secure a west-of-Hormuz cargo since the Strait of Hormuz partially reopened after disruptions from the Israel-Iran conflict. The move highlights ongoing shipping challenges for Indian state refiners. MRPL operates a 300,000 barrel-per-day refinery in Karnataka.
Commodities Beyond Hormuz: What HPCL Rajasthan Refinery Limited Inaugurated by PM Modi Means for India's Energy Security
Prime Minister Narendra Modi inaugurated the HPCL Rajasthan Refinery Limited (HRRL) in Pachpadra, India's first greenfield integrated refinery-cum-petrochemical complex. The project, part of a Rs 1.06 lakh crore infrastructure push, aims to reduce India's vulnerability to supply disruptions highlighted by the recent Strait of Hormuz crisis. Union Minister Hardeep Singh Puri noted India's refining capacity will rise from 270 MMTPA to 310-320 MMTPA by 2030, contrasting with declining capacity in the US and Europe.
Business Core sector growth slows to 0.5% in May as coal, refinery output contract, TOI Business Desk reports
India's core sector growth decelerated to 0.5% in May, with coal and refinery output contracting, as reported by the TOI Business Desk. The article provides no additional details or supporting data beyond the headline.
Commodities BPCL to shut crude units at Mumbai refinery in September for routine maintenance
Bharat Petroleum Corporation (BPCL) plans to shut a 120,000 barrels per day crude unit and secondary units at its 200,000 bpd Mumbai refinery for three to four weeks in September and October for routine maintenance, according to an industry source. The shutdown was originally scheduled for June but was delayed to meet local fuel demand.
Logistics BPCL Mumbai Refinery Shutdown to Impact Logistics
BPCL's Mumbai refinery will undergo maintenance in November, potentially impacting logistics operations and freight rates. Stakeholders should prepare for possible disruptions.