Economics
Dutch competition watchdog investigates possible shipping fuel cartel
AMSTERDAM (Reuters) — The Dutch competition watchdog said on Wednesday it was investigating a possible illegal, price-fixing cartel by fuel companies in ports in the Netherlands and Belgium.
Lotte Chemical Titan in weak Malaysian debut after IPO scaled back
KUALA LUMPUR (Reuters) — Shares of Lotte Chemical Titan Holding Bhd fell in their Malaysian stock market debut, a further indication of weak investor demand after the size of its offering was slashed by a fifth last week.
Oil rises after signs of US demand, but supply threat remains
LONDON (Reuters) — Oil rose on Thursday, recovering some ground after a surprisingly upbeat picture of US demand halted the previous day's slide, although the prospect of oversupply in 2018 prompted yet more analysts to cut their price forecasts.
Delek US Holdings announces closing of the acquisition of Alon USA
BRENTWOOD, Tenn. — Delek US Holdings, Inc. announced the closing of the acquisition of the remaining outstanding shares of Alon USA Energy, Inc. common stock in an all-stock transaction. The close of this transaction became effective on July 1.
Malaysia's Lotte Chemical Titan raises $878 MM in IPO
KUALA LUMPUR (Reuters) — Malaysia's Lotte Chemical Titan Holding raised about 3.77 B ringgit ($878 MM) from an initial public offering (IPO) after pricing its shares at the bottom of an indicative range.
Oil eases on US holiday after 8 days of gains
LONDON (Reuters) — Oil prices fell on Tuesday, as investors booked profits on an eight-day rally that was triggered by tentative signs that a persistent rise in US crude production may be slowing.
Business Trends: Innovative commissioning and startup technologies for industrial projects
The performance of capital project facility commissioning, startup and initial operations often falls short of expectations, and the opportunity for innovative commissioning and startup technologies has yet to be discussed extensively.
Viewpoint: The future of India’s refining capacity and the rise of clean fuels
India is emerging as the world’s new oil demand center, with burgeoning consumption providing huge potential for downstream oil and gas growth. With a GDP ranked in the top 10 globally and a large, growing population, India has seen continuous increases in demand for energy in all forms.
Refining: Fuel processing vs. imports in East Africa: Will new refinery plans be realized?
Many analysts believe that Africa will remain a net importer of petroleum products for the foreseeable future. However, a few countries in the region have plans in place to build new refineries.
Industry Metrics
US gasoline crack spreads continued to rally, but were offset by supply-side pressure as higher refinery runs contributed to increased inventories.
- Avina Clean Hydrogen completes FEED for 800,000-tpy clean ammonia facility (U.S.) 1/13
- INEOS closes last remaining synthetic ethanol plant in the UK 1/13
- Vioneo to use Honeywell UOP's methanol-to-olefins technology for Antwerp plant 1/13
- Solvay and Hankook sign Memorandum of Understanding for circular silica 1/13
- India halts trade with U.S.-sanctioned Russian companies and tankers 1/13
- U.S. oil refiners brace for a tough year as investor sentiment turns negative 1/13
