Economics
India oil firms could consider cutting petrol, diesel prices in next quarter
Indian fuel retailers could consider cutting petrol and diesel prices in the next quarter if the global situation remains stable, its oil minister Hardeep Singh Puri told broadcaster NDTV.
SASA Polyester Sanayi A.S. to build propane dehydrogenation unit In Turkey using Honeywell Oleflex Tech
Honeywell announced that SASA Polyester Sanayi A.Ş. will build the world’s largest Propane Dehydrogenation unit in Yumurtalık, Türkiye using the latest generation of Honeywell Oleflex technology.
BASF breaks ground on polyethylene plant at Zhanjiang Verbund site in China
BASF has broken ground on a polyethylene plant at its Verbund site in Zhanjiang, China.
Angola fuel hike protesters clash with police
Angolan police fired tear gas in the capital Luanda and other cities Benguela and Namibe as thousands of protesters took to the streets a week after clashes over a recent fuel hike killed at least five people.
China stored massive volume of crude oil in May, giving it options
China added to crude oil stockpiles at the fastest rate in nearly three years in May, as robust imports outweighed near-record refinery processing.
Funds rotate positions from crude oil to distillates
Portfolio investors are rotating positions from crude oil to middle distillates – anticipating that the low level of distillate inventories will keep prices relatively firm even if the global economy and petroleum consumption slow.
EU parliament set to accept renewables deal with assurances on ammonia plants
European Union lawmakers plan to accept changes made by countries last week to the bloc's renewable energy law, to give assurances to France and others on potentially exempting ammonia plants, the parliament's lead negotiator said.
Former F1 boss racing to create ‘guilt free’ fuel
Formula One is seen as one of the most gas guzzling of sports but one top engineer and former F1 team boss Paddy Lowe is seeking to change this with the launch of a so-called guilt-free synthetic fuel.
France's Macron vows to boost sustainable aviation fuel production
France will invest $218.78 MM to boost the production of sustainable aviation fuels (SAF) as part of measures to make the French and the European aviation industry greener, President Emmanuel Macron said.
Russia can meet domestic gasoline demand, energy minister says
Russia's energy minister Nikolai Shulginov said that there was enough gasoline to meet Russian domestic demand, downplaying the possibility of restrictions on exporting the fuel.
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- Oil, gas and refined product imports exempted from Trump’s sweeping tariffs 4/3
- Mabanaft, HIF Global sign agreement to accelerate e-methanol adoption in the shipping industry 4/3
- Burckhardt Compression awarded digital monitoring services contract for a chemical plant in Saudi Arabia 4/3
- Lummus completes successful startup of electric heater demonstration unit 4/3
- ENEOS, A.P. Møller Holding and Maersk agree to invest $100 MM in C2X to advance green methanol portfolio 4/3
