Economics
China cuts second batch of 2023 fuel export quotas
China has decreased its second batch of export quota volumes for refined oil products, consultancies and trader sources said, focusing on local demand during the refinery overhaul season and boosting domestic sales amid poor export margins.
Iraq asks Turkey to resume northern oil export pipeline
Iraq has sent an official request to Turkey to restart oil export flows through a pipeline that runs from the semi-autonomous Kurdistan Region in northern Iraq to the Turkish port of Ceyhan.
Neste and PetroCard partner to expand access to renewable diesel in the Pacific Northwest
As part of its commitment to help businesses and cities reduce greenhouse gas emissions from the transportation sector effectively, Neste today announced a new partnership with PetroCard to grow the accessibility of Neste MY Renewable Diesel in the Pacific Northwest region of the United States.
Russia starts diesel exports to Chile
Russia has started diesel exports to Chile, expanding its oil products supplies to Latin America after a European Union embargo forced traders to find new outlets.
Congo in discussions with Uganda over use of crude pipeline
The Democratic Republic of Congo is in discussions with neighboring Uganda for possible use of the east African country's planned crude oil pipeline to export petroleum, Congo's hydrocarbons ministry said.
GAIL plans $4.9-B ethane cracker in West India
GAIL Ltd, the country's top gas supplier, plans to build a $4.89-B ethane cracker near its LNG import plant in Western India as it seeks to meet an expected surge in demand.
Honeywell introduces UOP eFining technology for new class of sustainable aviation fuel
Honeywell today announced its innovative, new, UOP eFining technology, a ready-now solution for producing low-carbon sustainable aviation fuel.
Arcadia selects Topsoe and Sasol technology for first commercial SAF plant in Denmark
Arcadia eFuels, Sasol, and Topsoe, have signed a single license agreement for Arcadia’s Vordingborg eFuels plant.
Chile signs oil import deal with Argentina's YPF
Chilean state oil company National Petroleum Company said it has signed a temporary agreement with Argentine oil firm YPF to import crude through the Trasandino pipeline, a key step for both countries' trade.
Ferrari CEO says e-fuel cars do not compromise carbon goals
Ferrari's plans to continue building internal combustion engine cars powered by so called e-fuels does not conflict with its target to become carbon neutral by 2030, its chief executive said.
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