Economics
U.S. crude and gasoline stockpiles fall as refining ramps up
U.S. crude oil stockpiles fell unexpectedly last week as exports rose and refiners continued to increase activity, while gasoline inventories decreased more than expected.
Russia considers altering maintenance schedule at oil refineries
Russian Energy Minister Nikolai Shulginov said that the government and companies are in discussions about changes to the schedule of maintenance at oil refineries to tackle damaged downstream capacity.
Mingca Packaging and ExxonMobil introduce innovative double bubble polyethylene-based shrink film solution
Shantou Mingca Packaging Co Ltd and ExxonMobil Asia Pacific Research & Development Co., Ltd announced an innovative double bubble Polyethylene-based Shrink Film solution, the next generation of Polyolefin Shrink Film, created using ultra-low density Exceed XP performance polyethylene.
New Energy Blue forms New Energy Chemicals to sustainably produce bio-sourced ethylene for carbon-zero jet fuel and Dow’s renewable plastics
New Energy Blue, the clean-energy developer of lowest-carbon biofuel and biochemicals from crop residues, advances its Decarbonizing America agenda by forming New Energy Chemicals.
Clariant and Lummus awarded catalyst tech contract for new isobutane dehydrogenation plant in China
Clariant and its process partner Lummus Technology have been selected by Huizhou Boeko Materials Co. Ltd., to provide their CATOFIN catalyst and process technology for the dehydrogenation of isobutane at the new plant in Huizhou City, China.
DHL Express and Standard Chartered partner to co-invest in SAF
DHL Express has signed a strategic partnership with Standard Chartered for DHL Express's GoGreen Plus service in which the two organizations have agreed to co-invest in SAF.
ABEL Energy accelerates Townsville green methanol for Singapore MPA's shipping fuel
ABEL Energy completed the Singapore Port MPA tender for the supply of green methanol and was pleased to hear the recent news from Hon PM Albanese that a green and digital shipping corridor is being established, which will help decarbonize and digitalize shipping routes between Singapore and Australia.
Global LNG market will 'be tight' until 2026 - TotalEnergies CEO
The global LNG market will be tight until 2026, Patrick Pouyanne, CEO of TotalEnergies, said at a conference in Houston.
Oil prices edge down as Russia lifts supplies, jet fuel demand stirs caution
Oil prices edged down early after gaining in the previous trading session, due in part to the prospect of rising supply from Russia as well as the possibility of slower-than-expected downstream demand in sectors such as jet fuel.
New ASEAN Energy and ACTUAL sign cooperation agreement to develop net-zero plan for the new $5-B Pengerang Energy Complex
New ASEAN Energy and ACTUAL have formed an agreement, leveraging ACTUAL’s AI-driven capital planning technology to develop a comprehensive net-zero emissions strategy for The Pengerang Energy Complex.
- Pakistan-China to sign MoU on oil-to-chemicals complex in June 5/17
- China biofuel makers bet on sustainable aviation fuel 5/17
- AMETEK Land provides thermal imagers to large ethylene producer 5/17
- China's refinery output falls for first time in 20 mos due to maintenance 5/17
- Dow, SCG Chemicals sign MoU to transform 200,000 tpy of plastic waste into circular products 5/17
- Ukraine long-range attacks continue to disrupt Russian refining, energy operations 5/17
