Economics
China's May crude oil imports fall 8.7% on weak refining margins
China's crude oil imports fell 8.7% in May from a year earlier as refiners scaled back purchases amid heavy plant overhauls, subdued profit margins and weak demand for refined oil products.
Egyptian fertilizer plants shut down temporarily due to gas supply pressures
Gas supplies will gradually resume flowing as of Thursday to fertilizer factories in Egypt after several chemical and fertilizer companies shut down plants on a temporary basis.
Consortia target Citgo's Texas refinery as auction deadline looms
Citgo Petroleum's smallest and least profitable oil refinery has been thrust into the spotlight as a potential breakout candidate ahead of next week's court auction to pay over $20 B in Venezuela-related claims.
Singapore's middle distillates stocks edge up as net exports dip
Singapore's middle distillates stockpiles edged up 0.4% this week, tracking lower net exports of diesel/gasoil and jet fuel/kerosene and continuing imports from key regions such as China, India and Saudi Arabia.
Asia high-sulfur fuel oil market to take a breather in strong rally
A rally in Asia's high-sulfur fuel oil (HSFO) market, boosted by lower Middle East exports and OPEC+ cuts, is expected to take a breather as Russian exports remain elevated and will ease tight supply.
Talks end on Shell MiRO refinery stake sale to Czech firm
Talks on the sale of Shell Deutschland's 32.5% stake in Mineraloelraffinerie Oberrhein GmbH (MiRO) in the southern German city of Karlsruhe to Czech state-owned pipeline operator MERO have ended without an agreement.
Taiwan's Formosa plans June run cuts due to weak refining margins
Due to weak margins, Taiwan's Formosa Petrochemical Corp plans to cut run rates at its crude distillation units by 40,000 barrels per day (bpd) to 440,000 bpd in June.
Lummus Technology takes lead position in RWDC Industries, accelerating development of first commercial-scale PHA facility
Lummus Technology has taken a lead investor position in RWDC Industries' convertible bond round, further strengthening the partnership between the two companies to bring polyhydroxyalkanoates (PHA) to the global market.
DuPont announces plan to separate into three separate companies
DuPont announced a plan to separate into three distinct, publicly traded companies.
EIA: U.S. crude stocks, gasoline and distillate inventories rise
U.S. crude stocks, gasoline and distillate inventories rose last week, the U.S. Energy Information Administration (EIA) said on Wednesday.
- UPM launches the first bio-based, NIR-detectable, carbon-negative pigment for premium packaging 12/11
- Five mega-trends reshaping the global energy and resources landscape in 2025 12/11
- RCI, nova-Institut unveil new carbon label for products, intermediates and raw materials 12/11
- SK Energy secures in-house access to feedstock to create Korea's first vertical integration for waste plastics recycling 12/11
- Petronet LNG secures loan for 750,000-tpy PDH/PP project in India 12/11
- Methanol Reformer to supply Mitsubishi Gas Chemical with an L18 methanol reformer for installation at its Niigata plant in mid-2026 12/11
