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Economics

China fuel exports cast Q4 pall over global oil products

China's state oil refiners are readying to export more diesel and gasoline in coming months in an already saturated global market.

SK Innovation seeks to expand business cooperation with Sinopec

SK Innovation Co. is seeking to expand into the refining and lubricant sectors in co-operation with China's Sinopec Corp.

EU regulators halt Dow, DuPont merger review to gather data

EU antitrust regulators have halted their scrutiny of Dow Chemical Co and DuPont's proposed merger while the companies provide more information regarding their $130 B deal.

Linde ends merger talks with Praxair

The executive board of Linde AG has decided to terminate the preliminary merger discussions with Praxair.

Enterprise Products Partners withdraws indication of interest in Williams

Enterprise Products Partners LP has withdrawn its indication of interest in The Williams Companies, Inc. regarding the possible combination of Enterprise and Williams.

Air Liquide divests assets to comply with FTC in Airgas integration

Air Liquide has completed the divestiture of certain US assets required by the US Federal Trade Commission in connection with the acquisition of Airgas.

China's Zhejiang Rongsheng eyes doubling refinery capacity in 2020

Chinese conglomerate Zhejiang Rongsheng Holding Group plans to double capacity of a joint venture refining project to 800 Mbpd in 2020.

US refiners revamp operations as renewable fuel costs surge

US oil refiners, beset by the weakest profit margins in six years, have been laying off workers, revamping operations and ratcheting up pressure on regulators and lawmakers to tweak the renewable fuel program, whose costs have ballooned.

HIMA moves to a wholly foreign-owned enterprise

HIMA has relaunched its Chinese operation in the form of a wholly foreign-owned enterprise. The new company is named HIMA (Shanghai) Industrial Automation Co.

Houston Ship Channel re-opens to some vessel traffic

The Houston Ship Channel re-opened to some vessel traffic after a tanker fire prompted closure of the waterway.