Europe

Global oil refiners see short-term boost from higher margins

Refiners across the globe are reaping unexpected profits from producing key fuels in recent weeks, offering an ailing sector respite before an anticipated weakening later this year, as plant closures have tightened fuel supply needed to meet peak summer demand.

Polish oil pipeline to Germany restarts after checks for potential leak

Polish oil pipeline company PERN restored the operation of one of two branches of the western Druzhba pipeline transporting oil to German refineries after halting it briefly to check for a potential leak.

RIC Energy and Siemens to jointly develop renewable H2, green ammonia and eFuels

The collaboration will especially boost the sustainable aviation fuel (eSAF) plant that RIC Energy is promoting in Cubillos del Sil (León), known as the Compostilla Green project, which was recently recognized by IDAE as the top-rated initiative under the H2 valleys program.

European chemical industry pessimistic for 2025, recovery not until 2026 says new report

After a sobering business year in 2024 ("lost year"), the leading European chemical companies are still not forecasting any significant recovery for 2025. A cautiously positive development is only expected in the second half of the year - provided that a global trade war or a lack of economic recovery do not thwart the forecast.

India's May diesel exports to Southeast Asia seen at multi-year highs on higher margins

India's diesel exports to Southeast Asia for May are expected to be the highest in at least four years, as traders eyed higher profits in Asia and as higher freight costs deterred shipments to Europe.

Russia's offline primary oil refining capacity set to rise by 9.5% in June

Russia's offline primary oil refining capacity is set to rise by 9.5% in June from May to 3.23 MM tonnes (t).

AM Green and Port of Rotterdam Authority to establish green energy supply chain

AM Green and the Port of Rotterdam Authority signed a Memorandum of Understanding to focus on building a green energy supply chain between India and Northwestern Europe via Rotterdam, Europe’s first energy port and a key H2 carriers entry point.

BASF intends to take over shares in Alsachimie JV from DOMO Chemicals

BASF and DOMO Chemicals have signed an agreement giving BASF the right to take over DOMO Chemicals’ 49% share of the Alsachimie joint venture, in which BASF currently holds 51%.

Digital Feature: FuelEU: A growth opportunity for U.S. Midwest ethanol producers

ExxonMobil to sell French subsidiary Esso to Canadian energy group

ExxonMobil France Holding has entered into exclusive negotiations with North Atlantic France SAS for both the proposed sale of its 82.89% majority shareholder interest in Esso Société Anonyme Française SA as well as the proposed sale of ExxonMobil Chemical France SAS.