Kerosene
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.
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.
Malaysia to cut diesel subsidies, saving $852 MM/yr
Malaysia will begin cutting fuel subsidies to bolster its fiscal position starting with diesel, a move that will save about 4 $852 MM/yr.
China biofuel makers bet on sustainable aviation fuel
Biofuel firms are pouring more than $1 B into building China's first plants to turn waste cooking oil into aviation fuel for export and meet domestic demand, once Beijing mandates the fuel's use on airplanes to cut emissions.
World Energy and Boston Consulting Group sign agreement on SAF certificates
Boston Consulting Group today announced it has signed an agreement for the purchase of sustainable aviation fuel certificates with World Energy, the sustainable aviation fuel (SAF) producer and low-carbon solutions provider.
PetroChina profit boosted by stronger gas sales and fuel demand
China's top energy producer PetroChina posted a 4.7% rise in first-quarter net income helped by growth in natural gas and a recovery in fuel demand.
Jet fuel demand growth lags as air traffic exceeds pre-pandemic level
Global flight activity passed pre-pandemic levels for the first time in four years last week, but jet fuel demand growth has not kept apace as newer fleets of aircrafts become more fuel efficient and carry more passengers.
China's March jet fuel exports jump 77.4% from a year earlier
China's jet fuel exports in March surged to 1.98 MMt, up 77.4% from the previous year, as international flight volumes ramped up.
Russian oil and products trapped on tankers hit by new Iran-related sanctions
Russian oil and products have become trapped at sea on four tankers after the U.S. hit the vessels with fresh Iran-related sanctions
Mexico's presidential front-runner aims to cut oil refinery waste
Mexico's presidential front-runner Claudia Sheinbaum plans to invest in state-owned Pemex' oil refineries to reduce the huge volumes of low-value fuels produced and instead boost the output of motor fuels.
- Dow Chemical delays construction on multi-billion-dollar Path2Zero project in Fort Saskatchewan, Alberta, Canada 4/25
- Asahi Kasei, Nobian, Furuya Metal and Mastermelt commence joint project to recycle metals, signaling a milestone towards circularity in the chlor-alkali industry 4/25
- India's Delhi plans to curb gasoline car sales, ban gas-guzzling bikes to shed polluter tag 4/25
- Automakers rush to meet surging China demand for long-range hybrids 4/25
- Aster Chemicals to bid for ExxonMobil's Singapore fuel stations 4/25
- Wärtsilä, Höegh Evi and partners complete development of world’s first floating ammonia-to-hydrogen cracker 4/25
