Economics
Argentine biofuels chamber calls new U.S. biodiesel duties illegal
The U.S. Commerce Department slapped anti-dumping duties of between 60.44% to 276.65% on biodiesel from Argentina and Indonesia, on top of already steep anti-subsidy duties. The Argentine Chamber of Biofuels said that increased U.S. duties on Argentine biodiesel were "arbitrary and illegal" and would shut Argentina out of the market in the U.S.
Sinochem shuts Shandong refineries 'indefinitely' on poor margins
State-run Sinochem Group has shut in two of its three east China oil refineries for an indefinite period of maintenance, as high crude oil costs and weak fuel demand hurt margins.
Japanese refiners urge early orders from airlines amid jet fuel shortage
The head of the Japanese petroleum industry has called for international airlines to provide flight schedules and jet fuel demand forecasts a year in advance as a solution to a jet fuel shortage at Japanese airports.
Trelleborg partners with Airbus on hydrogen-powered air travel
Trelleborg Sealing Solutions has partnered with Airbus for hydrogen sealing applications, supporting the mission to deliver a hydrogen-powered commercial aircraft by 2035.
Mexico–U.S. energy trade value fell in 2023 on lower fuel prices
The value of all energy trade between the U.S. and Mexico decreased almost 15% from $77.8 B in 2022 to $66.5 B in 2023, adjusted for inflation.
TotalEnergies says oil production to hit high end of Q2 guidance
French oil major TotalEnergies said on Tuesday its 2Q hydrocarbon production levels will hit the top end of its guidance range, while pressure on refining margins will be partly alleviated by higher refinery utilization.
Singapore's 1H 2024 bunker sales rise on year but June sees a monthly decline
Sales of marine bunker fuel at Singapore climbed 8.5% in 1H 2024, official data showed on Monday, as shipping disruptions in the Red Sea boosted global bunkering demand, though demand slowed month-on-month in June.
Nigeria's NNPC stake in Dangote refinery reduced over non-payment
Nigerian state-owned oil firm NNPC’s shareholding in Dangote refinery has been whittled down to 7.2% from 20% after failing to pay the balance of funding owed.
Russian oil refineries cut processing 4% y/y in January–June
Russian oil refineries reduced their throughput in the first half of the year by 4% year on year (y/y) to 131.8 metric MMt, calculations based on data from industry sources showed on Monday, as Ukraine hit the facilities with drones.
Japan, S. Korea refiners join China in buying Canadian TMX oil
Asia's crude oil imports from Canada's newly expanded Trans Mountain pipeline will rise in September as major refiners in Japan and South Korea and a refinery in Brunei have bought their first cargoes alongside China.
- Portugal's Galp plans to start producing biofuels in 2026 12/20
- Prax and Shell call off deal on stake in PCK Schwedt oil refinery 12/20
- Nigeria's Dangote Refinery hits 85% refining capacity 12/20
- India's BPCL buys first Argentinian crude oil cargo for Feb. delivery 12/20
- Sinopec's Zhenhai oil refinery expands capacity to 40 MMtpy 12/20
- Oil via Russia's Druzhba pipeline halted by technical problems 12/20
