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  1. October 14, 2013

    Oil processing: A refined model

    Gary Klesch likes trouble. The American financier made his name in the City of London in the 1980s by buying debt in...

  2. September 8, 2013

    Oil security fears focus on Middle East

    When Antoine Halff, head of markets at the International Energy Agency, launched his organisation’s medium term review of...

Special Reports

  1. Oil Industry 2013

    A shift on the part of US independents, many of which have been under pressure from sh...
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  1. May 1, 2013

    Carlyle Group hires ex-Petroplus chief for energy deals

    The Carlyle Group, the Washington-based alternative asset manager, has hired Marcel van Poecke, the former chief of bankrupt...

  2. February 28, 2013

    Vitol says oil will be steady for the year

    Vitol, the world’s largest oil trader, is forecasting another year of elevated energy costs, saying that oil prices are...

  3. February 17, 2013

    Refinery blasted by perfect economic storm

    Coryton refinery in Essex shipped its final cargo of fuel last summer. Today, the steel pipes and distillation towers that...

  4. February 13, 2013

    Vitol to offer C$192m for Sterling

    Vitol is preparing to make an unsolicited cash offer for Sterling Resources, a Canadian oil and gas exploration company, as...

  5. February 4, 2013

    Europe refiners pump up US sales margins

    Europe’s refiners are making huge profits on sales of gasoline products to New York where demand for petrol cannot be met...

  6. November 26, 2012

    Essar Energy – refining behaviour

    Is that a turnround off in the distance? Essar Energy, the growth story that failed to show up, has struggled to make the...

  7. September 17, 2012

    Gunvor reveals 2011 earnings

    Gunvor, the world’s fourth-largest oil trading house, has revealed profits of up to $400m for 2011, a rare disclosure that...

  8. September 12, 2012

    Commodities trading faces big changes

    The commodities trading industry will embark on its biggest transformation in three decades as companies boost investment,...

  9. June 15, 2012

    Russian bids to keep Coryton refinery open

    A former Russian energy minister is bidding to keep open the Coryton oil refinery in Essex, in a move that could raise the...

  10. May 31, 2012

    Gunvor buys second Petroplus refinery

    Oil trading house Gunvor has announced a deal to buy another refinery from Petroplus, the bankrupt Swiss refiner, the latest...

  11. May 30, 2012

    Largest US refinery kick-starts operation

    The largest refinery in the US, at Port Arthur on the coast of Texas, is on Wednesday being formally opened by its owners...

  12. May 28, 2012

    Thames estuary oil refinery faces closure

    Coryton, one of Britain’s largest oil refineries, is facing closure after PwC, the administrator, said it had failed to find...

  13. May 14, 2012

    Attack of the zombie refineries

    The process of creative destruction sweeping the oil refinery industry has gone from top gear into reverse. News by email...

  14. May 9, 2012

    Vulture funds eye longer timescale

    As the financial crisis unfolded, the stars seemed aligned for the so-called “vulture funds” that specialise in buying...

  15. May 3, 2012

    Oil trader Vitol to buy Swiss refinery

    Vitol, the world’s largest independent oil trader, is to buy a Swiss refinery from Petroplus, the bankrupt Swiss refiner,...

  16. March 13, 2012

    European corporate defaults set to rise

    Some European companies are expected to follow in Greece’s footsteps and default through distressed debt exchanges this...

  17. March 2, 2012

    Oil trader Gunvor buys Petroplus refinery

    Oil trader Gunvor said it had bought a Belgian refinery from Petroplus, the Swiss refiner that filed for insolvency in...

  18. February 15, 2012

    Oil refinery wins three-month reprieve

    Coryton, one of Britain’s largest oil refineries, won a reprieve yesterday when administrators announced an oil-supply deal...

  19. February 6, 2012

    Corporate defaults set to jump in Europe

    European corporate defaults are widely expected to climb sharply this year despite the recent improvement in credit market...

  20. February 6, 2012

    European companies face uncertain future

    Europe may be enjoying a welcome flush of optimism as talks on Greece’s debt restructuring progress and the European Central...

  21. February 3, 2012

    Brent pulls further ahead of West Texas crude

    Commodities markets have enjoyed a flying start to the year, as investors have been encouraged by better economic news and...

  22. February 1, 2012

    Recovering margins to boost oil refiners

    What a difference a couple of weeks – and the collapse of a company – makes in the oil market. At the beginning of the year,...

  23. January 30, 2012

    Europe’s refiners fall on hard times

    Refineries are strange beasts. Nationally strategic assets, they are nevertheless invisible to the general public until...

  24. January 27, 2012

    Ministers reassure over Petroplus supply fears

    Fears that the bankruptcy of Swiss refiner Petroplus would trigger fuel shortages on UK forecourts caused panicked headlines...

  25. January 24, 2012

    Petroplus debt talks run out of fuel

    Petroplus, Europe’s largest independent refiner by capacity, filed for insolvency after talks with its lenders broke down,...

  26. FT Alphaville

    January 24, 2012

    Petroplus UK refinery halts sales

    Coryton refinery, one of the largest in the UK and a key source of petrol for London and the south-east, stopped fuel...

  27. January 23, 2012

    Petroplus halts fuel sales from refinery

    Coryton refinery, one of the largest in the UK and a key source of petrol for London and the south-east, stopped fuel...

  28. January 20, 2012

    Prospects bleak as Petroplus battles to survive

    As Europe’s largest independent refiner by capacity fights to stave off bankruptcy, customers of its Coryton refinery in...

  29. January 15, 2012

    BP starts talks with Swiss refiner

    BP is considering an advance of credit to Petroplus, the struggling Swiss refiner, to avert the closure of one of its main...

  30. January 11, 2012

    Petroplus wins last-minute reprieve

    Petroplus won a last-minute reprieve after the Swiss refiner yesterday reached a temporary deal with its lenders allowing it...

  31. January 8, 2012

    Oil refiners: Europe runs out of gas

    Vanishing operating margins and chronic overcapacity. No, not the airline industry. Think Europe’s oil refineries....

  32. January 5, 2012

    Petroplus shares slide 22%

    Shares in Petroplus, the Swiss oil refiner, fell again on Thursday as it announced that all its access to revolving credit...

  33. January 5, 2012

    Refinery closures raise fears on oil prices

    Growing tension with Iran and a threat to global crude supplies may be dominating oil traders’ attention but a potentially...

  34. December 29, 2011

    Gas oil futures rise on refinery closing worries

    Prices of crude oil and key heating and motor fuels diverged as traders contemplated the possible shutdown of European...

  35. December 27, 2011

    Petroplus shares plunge on loan freeze

    Petroplus shares fell to a record low on Tuesday after the Swiss oil refiner’s mounting losses this year spurred its banks...

  36. February 19, 2011

    Essar agrees break fee on Shell’s Stanlow

    Essar Energy has taken a significant step towards buying Shell’s refinery at Stanlow, on the south bank of the Manchester...

  37. FT Alphaville

    November 8, 2010

    Let them eat Petroplus refineries!

    That’s the share price of Swiss oil refiner Petroplus holding on Monday. According to Reuters, the company’s stock fell as...

  38. April 29, 2010

    UK refineries up for sale at worst of times

    For more than eight months, India’s Essar has been in talks with Royal Dutch Shell over the acquisition of the Stanlow oil...

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