Economics
Galp's Sines refinery to shut down for two months
Portugal's 226,000-barrels-per-day Sines refinery, owned by Galp Energia , will shut down for two months between October and November for planned maintenance.
China's diesel exports surge in August, have nearly tripled so far in 2023
China's diesel exports in August surged from a year earlier and have nearly tripled so far in 2023 compared to the same time a year ago, data showed, as refiners take advantage of strong regional refining margins to ship fuel overseas.
PT Pertamina International chooses Topsoe technology at Cilacap facility in Indonesia
Topsoe has been selected by PT KPI as a technology licensor to provide its HydroFlex technology for the production of renewable fuels at the Cilacap Refinery Complex in Central Java, Indonesia.
European Parliament supports RED III, bolstering EU's renewable energy goals
The European Parliament has overwhelmingly approved RED III, an updated Renewable Energy Directive, with 470 votes in favor and 120 against.
EU's SAF quotas not feasible with today's production
European Union quotas for SAF, seen as an expensive but essential key to greener air travel, are not achievable by today's standards, according to the chief executive of Germany's Lufthansa.
U.S. producer prices accelerate in August on gasoline
U.S. producer prices increased by the most in more than a year in August as the cost of gasoline surged, the latest indication that the road to low inflation would be uneven.
Iran's Revolutionary Guards seize two ships smuggling 1.5 MM liters of fuel
Naval forces of Iran's Revolutionary Guards have in recent days seized two Panama-flagged ships smuggling a total of 1.5 million liters of fuel.
OCI Global doubles capacity as shipping industry seeks green methanol
OCI Global the world's biggest producer of green methanol, plans to double the production capacity at its Texas facility to 400,000 metric tons per year.
India's Reliance to temporarily shut some Jamnagar units for maintenance
India's Reliance Industries said that it plans to temporarily shut three units at its plant in Jamnagar in the western Indian state of Gujarat for planned maintenance and inspection activities.
Biden vows to cut U.S. gasoline prices
President Joe Biden vowed to get U.S. gasoline prices down, one day after a report showed consumer inflation surged by the most in 14 months due to higher energy costs.
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- 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
