Europe’s refining sector struggles to adapt
Aftershocks from Russia’s invasion of Ukraine continue to roil refining and flows of products around Europe, in the Atlantic basin and across the world
Russia’s invasion of Ukraine has resulted in significant disruption for the Atlantic basin refining sector. Europe’s refineries have already turned away from Russian crude, feedstocks and products amid widespread self-sanctioning and looming embargoes, but questions remain over security of supply. And there are now huge opportunities for refining centres further afield, particularly the rapidly expanding sector in the Mideast. “We expect the current tightness in global refining capacity to continue through winter,” says George Dix, refining analyst for consultancy Energy Aspects. This will be the case "particularly for diesel” due to the European embargo on Russian supply from February 2023,

Also in this section
24 June 2025
The country’s latest licensing round attracted bids from IOCs and NOCs in a better showing than its last outreach to bidders
24 June 2025
Africa’s second-largest oil producer is creating the right conditions for the sector to try to boost output, explains Ian Cloke, COO of UK-based Afentra
24 June 2025
The takeover, if it gets the all-clear from regulators and other government authorities, would propel XRG and its parent firm ADNOC into the top tier of global LNG players
23 June 2025
Jet fuel will play crucial role in oil consumption growth even with efficiency gains and environmental curbs, with geopolitical risks highlighting importance of plentiful stocks