Exxon Mobil Corp., one of the world's largest oil companies, has announced plans to reduce its workforce in the United Kingdom by approximately 250 employees. This decision is part of the company's broader strategy to consolidate its operations in the region.

Hindustan Petroleum Corporation Limited (HPCL), one of India's leading state-owned oil companies, has announced plans to increase the capacity of its oil refinery in Visakhapatnam, located in the southern part of the country. This move is driven by the rapidly growing demand for fuel in the region, as explained by the company's chairman, Rajnish Narang.

SK Innovation Co Ltd $096770.KS, the South Korean conglomerate that owns the country’s largest oil refinery through its subsidiary SK Energy, has projected steady refining profitability through 2025. This outlook is largely driven by the anticipated growth in demand for jet fuel, despite increased refinery outputs in countries such as the United States and Canada. The company’s positive forecast aligns with both market dynamics and geopolitical factors shaping the energy sector, while it also addresses the evolving landscape of electric vehicle (EV) markets.