Economics
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.
Eni, Repsol to upgrade oil-for-debt deal with Venezuela
European oil majors Eni and Repsol plan to expand an oil-for-debt deal with Venezuela under U.S. approval, aiming to supply refined products to state firm PDVSA and boost oil deliveries to Europe, three people close to the matter said.
Airswift acquires Energy Resourcing from Worley to enhance global recruitment and contractor management offering
Airswift, the global workforce solutions provider, announces its acquisition of Energy Resourcing, Worley’s global recruitment and contractor management business.
- Emerson's Aspen Technology business releases new software with expanded AI capabilities, enhanced visualization and simplified workflows 5/13
- LanzaJet and BioD announce feasibility study for SAF plant in Colombia 5/13
- U.S. House targets big climate, clean energy rollbacks in budget proposal 5/13
- Chevron attempting to restart El Segundo, California refinery after taking units offline last week 5/13
- Mexico's Pemex plans to export less crude oil as new refinery starts up 5/13
- BASF is expanding its portfolio of raw materials for the production of concrete superplasticizers for the construction industry in the European market 5/13
