Crude oil
China's carbon market to introduce absolute emissions caps from 2027
China will tighten its carbon trading market by introducing absolute emissions caps in some industries for the first time starting by 2027, China's cabinet said.
EIA: U.S. transportation fuel demand remains below pre-pandemic levels
Five years after the COVID-19 national emergency was declared, gasoline demand, distillate demand and jet fuel demand all remain less than pre-pandemic averages.
ExxonMobil announces Group III base stocks production
ExxonMobil has introduced its Group III base stock slate, which will include 4 and 6 cSt at 100°C base stocks to the North America market.
Saudi Arabia and India were biggest buyers of Russian fuel oil, VGO in July
Since the European Union's full embargo on Russian oil products took effect in February 2023, Middle Eastern and Asian countries have become the main destinations for Russia's fuel oil and VGO supplies.
Russia raises August oil export plan after drone strikes continue to disrupt refineries
Export planning remains uncertain, however, due to ongoing strikes and shifting repair schedules, so delays and volume revisions are likely.
Canada's Alberta eyes investment in Japan's refining to boost oil exports
Canada's main oil-producing province of Alberta is considering a financial investment in Japan's refining sector, an attempt to reduce its overwhelming dependence on top trade partner the U.S. for oil exports.
U.S. EPA approves biofuel waivers for small refiners, stirring concerns over demand
The U.S. Environmental Protection Agency approved most of its backlog of requests by small oil refineries for biofuel law exemptions, raising concerns among biofuels advocates over a potential hit to demand.
Update: Russian oil supplies to Slovakia may resume as soon as today
Slovakia and Hungary said on Friday that their supplies of Russian oil could be suspended for at least five days after a Ukrainian strike on a facility in Russia.
China's Sinochem to sell two bankrupt refineries to local operators
The acquisitions, which come during a consolidation of the world's largest refining base, would see the new owners step up crude imports and resume operations at the troubled plants, lifting oil purchases at the world's top importer.
CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China
China National Offshore Oil Corp has completed building a $2.9-B, 1.8-MMtpy integrated refining and petrochemical complex in eastern China
- Topsoe fuels China’s push for sustainable aviation fuel: Selected as technology provider for major project 1/23
- Europe set for record LNG imports in 2026 1/23
- Plug Power completes installation of 100-MW GenEco electrolyzer units at Galp’s Sines refinery 1/23
- Reju announces site selection for first U.S. industrial-sized facility regeneration hub 1/23
- Engineering a low-cost alternative catalyst for producing sustainable petrochemicals 1/23
- New report identifies methanol-to-jet as a key accelerator of the next wave of sustainable aviation fuel 1/23
