COGNICURRENT

Senator Eduardo Braga believes that a new federal policy allowing oil refining in Manaus's Free Trade Zone, backed by tax incentives, could lead to lower gasoline prices in the region.

The Brazilian federal government has established regulations for oil refining in the Free Trade Zone of Manaus to offer tax incentives for local fuel production.

The Centre for the Promotion of Private Enterprise indicates that local refining in Nigeria will not eliminate fuel price fluctuations due to the influence of global oil market dynamics.

Kuwait has announced a precautionary reduction in oil and refining production due to ongoing attacks from Iran.

Motor Oil and Hellenic Energy stocks are on a distinct path, benefiting from improved refining margins and the appreciation of energy reserves.

The rise in refining margins and aluminum prices, linked to geopolitical tensions in the Middle East, creates positive prospects for Greek energy and metallurgical companies, as noted by Optima Bank.

The U.S. Treasury has issued a general license allowing transactions related to Rosneft Deutschland and RN Refining & Marketing, lifting sanctions previously imposed in response to Russia's invasion of Ukraine.

Refinery margins in Asia have surged to their highest level in four years, surpassing $52 per barrel for jet fuel amid disruptions in crude oil flows due to Iranian threats.

The US plans to exempt the German subsidiary of Russian oil giant Rosneft from sanctions to maintain refining operations amid concerns over potential disruptions in oil supply.

The South Korean refining giant GS Caltex has reserved a very large crude carrier at an unprecedented price amidst rising shipping costs.

Pemex reported a significant increase in oil refining, processing 1,136 thousand barrels daily in Q4 2025, a 44.4% rise compared to the same quarter in 2024.

Individuals J.V. and V.R., along with a corporate entity, are suspected of organizing the supply of prohibited goods to oil refining facilities in Russia, allegedly in violation of international sanctions.

Indian refining companies are reportedly avoiding the purchase of crude oil from Russia, potentially aiding India's trade aspirations with the United States.

Congress leader Udit Raj commented on India's oil agreements, specifically noting issues with purchasing oil from Venezuela due to high transportation costs and incompatible refining capabilities.

The New York Times reports that American refining companies are the biggest beneficiaries of the Trump administration's efforts to control Venezuela's oil sector, particularly benefiting companies like Valero Energy and Marathon Petroleum as oil flows from Venezuela to the U.S.

India's leading oil refining company is negotiating with the US to gain approval for resuming crude oil purchases from Venezuela amid rising pressure to reduce its imports from Russia.

Global oil production and refining companies are vying for contracts to export crude oil from Venezuela, which has the largest oil reserves in the world, as the U.S. seeks to re-engage American energy firms in the Venezuelan oil sector after decades of nationalization.

Moeve and Galp have established a large industrial platform integrating refining, trading, and chemical activities with over 3,500 service stations across the Iberian Peninsula to compete with Repsol.