Economics
Sanctions-hit Nayara scrambles to sustain operations, with New Delhi's help
Shut out of many international markets because of crippling sanctions imposed by the European Union on July 18, the Russian-owned refinery has had to divert more fuel to the domestic market and find new export customers, among numerous workarounds, big and small, forced by the bloc's penalty.
Taiwan says private refiners willing to stop buying Russian naphtha
While Taiwan joined the United States and major Western allies in putting broad sanctions on Russia after it invaded Ukraine in 2022, it did not explicitly ban imports of energy.
Belarus ramps up fuel exports to gasoline-thirsty Russia
Several Russian regions have introduced rationing and have temporarily frozen fuel prices in recent weeks amid a scarcity of popular types of gasoline brought on by the drone strikes, which targeted refineries among other energy installations. Moscow has also restricted gasoline and diesel exports.
INEOS to close two Rheinberg plants as Europe’s chemical industry hits breaking point
INEOS has confirmed the intention to shut two production units in Rheinberg, Germany. The closures are the direct result of crippling energy and carbon costs, and a lack of tariff protection.
Why do private gasoline retailers in Indonesia face shortages?
Many fuel stations operated by companies such as Shell, bp and others have run out of gasoline and are left selling only diesel, frustrating customers.
Phillips 66 to book $100-MM charge as it winds down Los Angeles (U.S.) refinery
These include around $70 MM to mitigate groundwater contamination, and about $30 MM for its midstream segment to retire transportation assets.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
