Economics
Nuberg EPC wins IOCL’s Propylene Purification Package with Skid Mounted Technology Deployment
Nuberg EPC, the global engineering, procurement and construction company, has been awarded the PPP contract by Indian Oil Corporation Ltd. for the design, engineering, manufacturing, supply and commissioning of a Propylene Purification Package at IOCL Panipat Refinery, Haryana, India.
Cuba warns of worsening blackouts as fuel crisis bites
Power blackouts in Cuba are expected to increase significantly due to a lack of fuel, officials warned in a nationwide TV broadcast, worsening the country's plight as it deals with food and medicine shortages.
Russia considers fuel export quotas to tackle high prices
Russia may introduce quotas on overseas fuel exports if a complete export ban imposed last week does not succeed in bringing down persistently high gasoline and diesel prices.
Ultra low-sulfur diesel loadings from Russia's Primorsk to fall in October
Ultra low-sulfur diesel loadings from the Russian Baltic Sea port of Primorsk are set to fall in October by 80% month on month on a daily basis to 210,000 metric tons from 1.08 Mmt scheduled for September.
INEOS announces the acquisition of the Eastman Texas City (U.S.) site for $500 MM
INEOS has announced it has reached an agreement with Eastman Chemical Company to purchase the Eastman Texas City site, including the 600kt Acetic Acid plant and all associated third party activities on the site, for circa $500 MM.
Mexico's Pemex struggles to boost oil refining in Aug as fuel imports rise
Crude oil processing at Mexico's six local refineries rose slightly in August, data from state-owned oil company Pemex showed, but the facilities are operating at barely half their capacity, forcing the country to import large volumes of fuel.
EU court imposes €32 MM euro fine on Britain for pleasure boat fuel
The European Union's Court of Justice imposed on Thursday a $33.6 MM fine on Britain, arguing the UK had failed to prohibit using marked fuel in private pleasure boats within a time limit set by the European Commission.
Singapore's middle distillates stocks hit over 6-month high on jet fuel imports
Middle distillates inventories at key storage hub Singapore hit a more than six-month high as the city-state turned net importer of jet fuel/kerosene despite an increase in gasoil outflows to the West, official data showed.
Kremlin: no plans to raise crude oil supply to offset fuel export ban
Russia has not discussed with the OPEC+ group of leading oil producers a possible crude oil supply increase to compensate for Russia's fuel exports ban.
Shell and MAN Energy Solutions enhance ties with RWGS Technology pilot plant
Shell Global Solutions International B.V. and MAN Energy Solutions SE partnered in 2021 to develop Reverse Water Gas Shift technology.
- Neste MY Renewable Diesel introduced to the Italian market in collaboration with fuel distributor Firmin 1/9
- U.S. DOE and EPA announce $6 MM to support development of advanced biofuels 1/9
- U.S. oil imports from Canada hit record ahead of tariff threat 1/9
- SOCAR's STAR oil refinery to supply jet fuel for Istanbul Airport 1/9
- Idemitsu to begin trial of non-edible oilseed crop for SAF 1/9
- Saudi crude oil supply to China set to fall in Feb. vs. Jan. 1/9
