In a statement, the service said: "As of 28 April 2026, Phillips 66 Limited owns the assets of Prax Lindsey Oil Refinery Limited, including the site in Lincolnshire, plus Prax Sto

Included in Friday’s sanctions is Hengli Petrochemical’s facility in the port city of Dalian, which has a processing capacity of roughly 400,000 barrels of crude oil per day, making it one of the biggest independent refineries in China.

OFAC sanctioned a major Chinese oil refinery and dozens of Iran-linked shadow fleet vessels in an escalation of the maximum pressure campaign on Tehran.

European oil refining margins have turned negative, lagging stronger margins ‌in Asia and the U.S., as competition for crude from Asian buyers due to the Iran war drives up costs even as fuel prices hit record highs,

The Queensland government is pushing for a new oil refinery in Gladstone as the fuel crisis continues. Added 5 hours ago