Economics
India's gasoline demand likely to recover from late August
India's gasoline demand will likely recover from late August, while diesel consumption is expected to stay weak, an official at refiner Hindustan Petroleum Corp Ltd said.
Riyadh, Tokyo to cooperate on energy security, recycled carbon fuels and ammonia
Saudi Arabia said it remains committed to securing oil supplies for Japan and will continue cooperating with Tokyo on clean hydrogen, ammonia and recycled carbon fuels.
ADNOC statement on potential Borouge-Borealis merger
Abu Dhabi National Oil Company P.J.S.C. is excited to confirm that, following initial exploratory discussions, it has entered into formal negotiations with OMV AG, about the potential creation of a new combined petrochemicals holding entity, through the proposed merger of their respective existing shareholdings in Borouge plc and Borealis AG.
Turkey increases fuel tax as it bolsters stretched budget
Turkey raised tax on petrol to help to fund a $42.2-B increase to its 2023 budget after February's earthquakes and the May presidential election sent spending soaring.
Iraq-Iran gas-for-oil barter would likely violate U.S. sanctions
A barter of Iranian natural gas for Iraqi oil as described by the Iraqi prime minister this week would likely violate U.S. sanctions on Tehran unless the U.S. issued a waiver permitting it, three former U.S. officials said.
U.S. EPA denies nearly all biofuel blending exemption petitions
President Joe Biden's administration on Friday denied almost all outstanding petitions from oil refiners asking to be exempted from mandates that require them to mix biofuels into their fuel.
Biden administration to issue decision on small-refinery biofuel mix exemptions
The Biden administration will disclose its decision on offering exemptions to small refineries that are mandated to mix biofuels into their fuel mix, the U.S. environmental regulator said in a statement.
Shell suspends loadings of Nigeria's Forcados crude oil
Shell has suspended loadings of Nigeria's Forcados crude oil due to a potential leak at the export terminal, a spokesperson for its local subsidiary, SPDC, said.
Singapore bunker sales slip in June; bio-blended sales rise in H1 2023
Monthly sales of marine fuel, also known as bunker fuel, fell to four-month lows in Singapore in June, though bio-blended bunker sales for the first half of 2023 have surpassed 2022 volumes, official data showed.
Oil supply disruptions boost prices
A series of oil supply disruptions across the globe has helped push Brent crude prices above $81 a barrel for the first time since April.
- Borouge reaffirms commitment to local manufacturing with new industry supply agreements 1/10
- Update: Turkey's Izmir refinery now expects to restart crude unit in Feb, IIR says 1/10
- Pertamina unit to produce ISCC-certified SAF in 1Q 1/10
- WTO panel largely backs EU in palm oil case against Indonesia 1/10
- Howard Energy Partners acquires ethylene pipeline from EPIC Midstream Holdings 1/10
- U.S. to impose further sanctions on Russian oil fleet and traders 1/10
