Refinery News

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Local News

CPC Reassures Public: No Fuel Shortage as Massive Crude Shipments Near Colombo Port.

16 hours ago

The Ceylon Petroleum Corporation has confirmed that there is no risk of a fuel shortage in Sri Lanka, with 180,000 metric tons of crude oil expected to arrive shortly.

1 sources

CPC Reassures Public: No Fuel Shortage as Massive Crude Shipments Near Colombo Port

Image Credit : lankacnews.com

Economy

Image Source : fxleaders.com

Global Oil Price Volatility: Why Geopolitical Tensions and Market Dynamics Hit Consumers Hard.

May 13, 2026 at 12:40 AM

10 sources

Technology

Image Source : spectrumlocalnews.com

Surging Fuel Costs Drive Massive Surge in GasBuddy App Usage.

May 10, 2026 at 8:37 AM

16 sources

Middle East

Libya Suspends Operations at Key Zawiya Refinery Amid Escalating Armed Conflict.

Libya's primary operational oil refinery in Zawiya has ceased production following heavy shelling and armed clashes, as local security forces launch an operation against criminal groups.

May 8, 2026 at 6:55 PM

10 sources

Fuel Retailers Dispute CPC’s Profit Claims Amid Allegations of Margin Reductions

Image Source : lankatalks.com

Local News•

May 4, 2026 at 3:07 AM

Fuel Retailers Dispute CPC’s Profit Claims Amid Allegations of Margin Reductions.

Fuel dealers are challenging the CPC's reported Rs. 36.4 billion profit for 2025, alleging that the figure is inflated due to unauthorized cuts to their profit margins. Dealers claim the margin was unilaterally reduced from 3% to 1.5%, threatening the closure of nearly 200 fuel stations.

12 sources

Local News

SINOPEC Reevaluates $3.7 Billion Hambantota Refinery Amid Local Market Share Disputes.

May 4, 2026 at 12:18 AM

China’s SINOPEC has stalled the $3.7 billion Hambantota oil refinery project, citing concerns that the current 20% local market allocation is insufficient for economic sustainability, with reports suggesting they are seeking a 30% share.

4 sources

Energy

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China Eyes Fuel Export Resumption as Domestic Stockpiles Surge.

April 28, 2026 at 4:00 AM

7 sources

International News

Image Source : aljazeera.com

US Imposes Sanctions on Chinese Oil Giant Over Iranian Crude Purchases.

April 25, 2026 at 7:25 AM

17 sources

Energy

Image Source : cbsnews.com

Global Oil Markets Rally Amidst Stalled US-Iran Diplomacy and Maritime Disruptions.

April 20, 2026 at 3:01 AM

9 sources

Global Economic Turmoil: Analyzing the Financial Impact of the Iran Conflict

Image Source : weforum.org

Economy•

April 18, 2026 at 7:54 PM

Global Economic Turmoil: Analyzing the Financial Impact of the Iran Conflict.

Economist Mariana Mazzucato discusses the global economic fallout from the Iran war, highlighting record-breaking oil supply disruptions, soaring energy costs, and the debate over fossil fuel dependency versus a green industrial strategy.

9 sources

Local News

Sri Lankan Fuel Dealers Urge Presidential Intervention Over Commission Cuts.

April 18, 2026 at 11:14 AM

The Petroleum Dealers’ Association has appealed to President Anura Kumara Dissanayake to address financial hardships caused by a new, tiered fuel commission structure that replaced the previous percentage-based model.

9 sources

Sri Lankan Fuel Dealers Urge Presidential Intervention Over Commission Cuts

Image Credit : nbc.com.pg

Economy

Ceylon Petroleum Corporation Clarifies High-Cost Fuel Imports Amid Market Volatility.

The CPC Chairman clarified that reports of crude oil being purchased at $286 per barrel were inaccurate, explaining that the high cost applied to refined diesel due to global supply chain pressures.

April 17, 2026 at 9:45 AM

10 sources

Technology

Image Source : theguardian.com

Europe Faces Potential Flight Groundings as Middle East Conflict Triggers Severe Jet Fuel Shortage.

April 16, 2026 at 4:05 PM

10 sources

Economy

Image Source : npr.org

Deciphering the Oil Market Divide: Physical Realities Versus Futures Speculation.

April 13, 2026 at 8:24 AM

5 sources

Innovative 'Gas Index' Uses AI Agents to Track Real-Time Fuel Prices Across the US

Image Source : tech.yahoo.com

Technology•

April 9, 2026 at 9:45 AM

Innovative 'Gas Index' Uses AI Agents to Track Real-Time Fuel Prices Across the US.

A couple has developed 'Gas Index', a platform that utilizes AI voice agents to call 20,000 gas stations, bridging data gaps in US fuel pricing and comparing costs to everyday consumer goods.

8 sources

Russia

Russian Energy Infrastructure Faces Heightened Pressure Amid Escalating Regional Conflict.

April 8, 2026 at 6:07 PM

Recent reports highlight the challenges facing Russia's oil and energy sector, including refinery disruptions from drone attacks and shifting global trade dynamics.

13 sources

Image Credit : aol.com

Energy

Image Source : theguardian.com

Why Immediate Relief at the Gas Pump Remains Unlikely Despite US-Iran Ceasefire.

April 8, 2026 at 1:13 PM

8 sources

World News

Image Source : en.yenisafak.com

Escalating Gulf Tensions: Lavan Island Refinery Attacked Following Ceasefire.

April 8, 2026 at 12:04 PM

19 sources

International News

Image Source : asiaone.news

Egypt Implements Stringent Energy Conservation Policies Amid Global Fuel Crisis.

April 7, 2026 at 6:48 PM

10 sources

Sri Lanka Secures Energy Supplies: US Crude Oil Shipment Expected in May

Image Source : athavannews.com

Local News•

April 7, 2026 at 4:06 PM

Sri Lanka Secures Energy Supplies: US Crude Oil Shipment Expected in May.

Sri Lanka is bracing for improved fuel supplies as officials confirm an incoming US crude oil shipment in May, complementing nine other fuel deliveries scheduled for April.

2 sources