Economics
IAG reaches one-third of 2030 SAF target with major e-SAF deal with Twelve
International Airlines Group announced its largest SAF purchase agreement to date, with e-SAF producer Twelve, which will supply advanced e-SAF made from made from CO2, water and renewable energy.
Azerbaijan's Aliyev says Baku supports green energy, but world needs fossil fuels for now
Azerbaijani President Ilham Aliyev, whose country is due to host the COP29 summit on climate change in October, said that his country is committed to the green energy transition, but that the world cannot abandon fossil fuels in the near future.
Brazil, Guyana, Suriname eye more cooperation in oil and gas
Brazil, Guyana and Suriname have agreed to deepen discussions on cooperation in the oil and gas sector, according to a joint statement released by the countries after a meeting between their presidents.
Venezuela's February oil exports rise, but shipping delays persist
Venezuela's oil exports slightly increased in February to some 670,000 bpd, but ongoing shipping delays worsened a bottleneck of tankers waiting to load, according to documents and vessel monitoring data.
U.S. Gulf Coast fuel oil imports hit five-year low as domestic supplies jump
Imports of fuel oil bound for the U.S. Gulf Coast fell to a five-year low last month as refiners ran more cheap, heavy Canadian crude and geopolitical tensions in the Middle East pressured fuel oil flows.
Russia boosts fuel exports to Senegal on shipping sector demand
Russia has significantly increased its fuel exports to Senegal this year on rising bunker demand, as more companies are diverting cargoes around Africa instead of using Red Sea routes.
Linde Engineering to deliver world-scale coastal CO2 Liquefaction Plant to Yara
Linde Engineering has signed a contract with global fertilizer manufacturer Yara to build a world-scale CO2 liquefaction plant in Sluiskil, the Netherlands.
ADNOC closes acquisition of 24.9% stake in OMV
ADNOC announced that it has formally closed the acquisition of a 24.9% shareholding in OMV AG, a global energy and chemicals group, headquartered and listed in Vienna, Austria, from Mubadala Investment Company.
Seeq announces generative AI capabilities with Seeq AI assistant
Seeq has unveiled the Seeq AI Assistant, a generative AI resource embedded across its industrial analytics platform.
Singapore's middle distillates inventories cross 10 MMbbl
Singapore's middle distillates inventories surged more than 1MMbbl week on week to more than a three-month high level despite gains in net exports for both jet fuel, kerosene, diesel and gasoil.
- John Cockerill, Johnson Matthey and ETFuels partner for 120,000-tpy Texas (U.S.) e-methanol project 12/24
- Saudi Arabia was top buyer of Russian fuel oil and VGO in November 12/23
- Digital Exclusive (sponsored): NXRe™: A novel recycling technology to support the plastics industry in creating efficient and effective circular value chains 12/22
- 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
