Fuel oil

Australia considers first oil refinery in 60 years amid Middle East crisis

Australia is considering building its first new oil refinery in more than six decades as conflict in the Middle East exposes the country's heavy reliance on imported fuel.

Bangladesh buys more power from India, lifts fuel oil use as electricity demand rises

Bangladesh is boosting power imports from India and output from fuel oil-fired power plants in a scramble to meet rising electricity demand as it grapples with constraints on gas supply and coal plant maintenance, industry officials and analysts say.

Fuel oil smuggling network rakes in $1 billion for Iran and its proxies