Economics
E-fuels: Axens, Paul Wurth, IFPEN agree to co-develop Reverse Water Gas Shift tech
Axens, SMS group subsidiary Paul Wurth and IFP Energies Nouvelles signed a co-development agreement for the optimization of the Reverse Water Gas Shift technology and its integration into e-fuel projects.
Japan gasoline prices hit record high
Japan's nationwide average retail price of regular gasoline rose by 1.9 yen to a record high 185.6 yen ($1.27) per liter over the week to Aug. 28, marking the 15th consecutive weekly increase.
Indonesia's Pertamina plans more biofuel products, ethanol imports in 2024
Indonesian state energy company Pertamina plans in 2024 to mix more of its gasoline products with ethanol in a bid to offer alternative fuels to the public.
PetroChina reports record interim net profit on refining surge
State-owned energy giant PetroChina reported a record-high net profit for the first half of the year, driven by increased oil and gas output and resurgent refined fuel sales.
Russia does not rule out oil export cuts in October
Russian Deputy Prime Minister Alexander Novak said that Russia may extend oil export cuts to the month of October and has fully met its obligations to reduce supply in August.
Oil edges up on U.S. crude stockpile draw, hurricane jitters
Oil prices extended gains after U.S. government data showed tighter-than-expected crude supplies in the world's biggest fuel consumer, while a hurricane in the Gulf of Mexico kept investors on edge.
U.S. EPA waives anti-smog gasoline rules for Texas county after refinery outages
The EPA has issued an emergency waiver in El Paso County, Texas of rules governing gasoline vapor pressure linked to ozone pollution, or smog, due to a fuel supply emergency caused by unplanned outages at two refineries.
Kuwait's Al Zour refinery offers first fuel oil tender since June
Kuwait's Al Zour refinery has issued a fuel oil sales tender for the first time in more than two months.
Japan considering extending gasoline subsidies to year-end
Japan's government is considering extending until year-end fuel subsidies to keep gasoline prices below 180 yen a liter, while working on a supplementary budget to finance broader measures.
Maersk's methanol ship makes maiden refueling in Rotterdam
The port of Rotterdam has for the first time refueled a methanol-powered container ship as the shipping industry turns to the technology to cut its emissions.
- Borouge reaffirms commitment to local manufacturing with new industry supply agreements 1/10
- Digital Exclusive: Automation and digital technologies' role in the energy transition-A discussion with Yokogawa 1/9
- 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
