Europe
Oil prices edge down as Russia lifts supplies, jet fuel demand stirs caution
Oil prices edged down early after gaining in the previous trading session, due in part to the prospect of rising supply from Russia as well as the possibility of slower-than-expected downstream demand in sectors such as jet fuel.
TES partners with 7 large international companies to create a global e-NG coalition
TES has entered into an MOU with other large international companies to sponsor the creation of a global coalition, the e-NG Coalition, which is exclusively dedicated to electric natural gas (e-NG or e-natural gas), also referred to as e-methane.
Belgian government delays export fuel quality legislation
The Belgian government could pass its proposed legislation to tighten the quality of exported fuels as late as June now, missing its previous target of the second half of March 2024.
Italy's Saras reports drop in 2023 core profit of refined products ahead of Vitol's takeover
Saras reported a 41% fall in its full-year comparable core earnings due partly to weaker profitability of refined products, as global commodity trader Vitol prepares to take over the Italian oil refiner later this year.
The Fly Up: Heathrow launches renewable biofuel breakfast
A first of its kind breakfast at Heathrow, named The Fly Up, which is cooked with oil that is then cleaned and recycled into renewable biofuels, has taken off.
Sanctioned tanker NS Century reaches China port to discharge Russian oil
The oil tanker NS Century, which is under sanction by the U.S., arrived at the Chinese port of Qingdao late to discharge its cargo of Russian crude oil, LSEG shipping data showed.
First carbon capture pilot rig delivered by Compact Membrane Systems
Compact Membrane Systems announced that it has delivered a carbon capture pilot rig to OMV, a leading petrochemical company in Austria.
Ukrainian drones attack Russian oil refinery in Kaluga region
Ukraine attacked a small oil refinery in Russia's Kaluga region with drones, causing damage in an operation that was conducted by the GUR military spy agency.
Successful demonstration in Dunkirk of the CO2 capture DMX process
Operational since April 2023 on ArcelorMittal’s Dunkirk site, the industrial pilot for the capture of CO2 present in blast furnace gases has delivered promising results.
LyondellBasell sees strong chemical market in North America, while Europe and China lag
LyondellBasell said it was seeing a better market in North America for its chemicals so far into 2024 due to low ethane feedstock costs and better gasoline spreads, while the markets in Europe and China continue to be weaker.
- India receives fuel oil cargo in Russian SCF tanker after brief halt 4/26
- Biden administration (U.S.) to release SAF tax credit model 4/26
- Boeing, Wagner advance Australia’s SAF Industry 4/26
- S-Oil expects Q2 refining margins to remain steady then trend upward 4/26
- Vitol to charter supertankers from U.S. to Nigeria's Dangote refinery 4/26
- Refiner Valero beats profit estimates on resilient demand, tight supplies 4/26
