Economics
IATA launches FueIIS: Advanced fuel efficiency analytics solution
The International Air Transport Association (IATA) announced the launch of IATA FuellS, an advanced analytics solution to optimize airline fuel consumption, using aggregated and anonymized flight and fuel data.
Turning turnarounds into a competitive advantage through a digital ecosystem
This article, written by ExxonMobil, details how the company uses a digital reality ecosystem to optimize maintenance and turnarounds.
Goldman Sachs: Global LNG market to grow by 50% by 2029
Growth in oil investment shows signs of peaking in non-OPEC countries, while investment in liquified natural gas (LNG) is expected to increase more than 50% by 2029, according to Goldman Sachs Research.
BASF sells bioenergy enzymes business to Lallemand
BASF has sold its bioenergy enzymes business to Lallemand's subsidiaries, Danstar Ferment AG and Lallemand Specialties Inc. This includes the Spartec® product portfolio and related technologies in development.
EIA: U.S. diesel demand for March hits 26-yr seasonal low
U.S. diesel demand fell to its lowest seasonal level in March since 1998, while crude oil output rose to a multi-month high, according to data from the U.S. Energy Information Administration (EIA).
Weak U.S. gasoline demand compounds pressure on oil ahead of OPEC+ meet
The U.S. gasoline market is flashing signs of weakness at the start of summer driving season, a time it generally picks up strongly, and analysts say this clouds the picture for oil demand ahead of the OPEC+ group policy meeting that kicked off this weekend.
LyondellBasell expands core PP business with 35% stake in NATPET from Alujain in Saudi Arabia
LyondellBasell and Alujain Corporation announced completion of the acquisition of a 35% interest in Saudi Arabia–based National Petrochemical Industrial Company (NATPET) by LYB from Alujain.
Topsoe unveils KM 111, an advanced ammonia synthesis catalyst
The KM 111 from Topsoe is an advanced ammonia synthesis catalyst that is redefining industry standards, boasting excellent efficiency and cost-effectiveness.
Singapore middle distillates stocks slip on rising jet fuel/kerosene exports
Singapore's middle distillates inventories fell by more than 100,000 bbls in the week ended May 29 amid higher net jet fuel/kerosene exports, though diesel/gasoil net exports declined.
Under new program, little to no ethanol will qualify for U.S. aviation fuel credit
Little to no ethanol will qualify for U.S. sustainable aviation fuel (SAF) subsidies under a new pilot program by President Joe Biden's administration, which toughened climate requirements at the last minute.
- 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
