Middle East
Oil cut extension raises risk of Saudi economic contraction this year
Saudi Arabia faces the risk of an economic contraction this year following its decision to extend crude production cuts, highlighting its still heavy reliance on oil as reforms to diversify are slow moving.
Oil ticks higher as tight supply trumps macroeconomic gloom
Oil prices hovered above $90 a barrel, on track to end the week higher as investors chose to focus on tighter supply, despite broader macroeconomic uncertainty.
Online Exclusive: Advanced hydrocracking unit flow scheme optimization and integration approach to maximize refinery margins for a residue upgrading project
The integration of a solvent deasphalting (SDA) and hydrocracking upgrading complex provides a favorable techno-economic return for residue upgradation at relatively lower capital expenditures vs. other alternatives for a brownfield project.
Petrobras-Mubadala partnership may open door to refinery deal and biofuel partnership
Brazilian state-run oil firm Petrobras remains eager to repurchase a refinery from Abu Dhabi state investor Mubadala despite antitrust barriers, and a new biofuels partnership could open the door to future talks.
Bunker fuel market to convert to LNG in next 10 years
The global bunker fuel market is expected to convert substantially to LNG over the next 10 years.
Saudi Arabia extends voluntary oil output cut of 1 MM bpd to end in 2023
Saudi Arabia will extend its voluntary oil output cut of 1 million bpd for another three months until the end of December 2023.
Refineries’ pandemic turmoil—KNPC’s gasoline demand: Opportunities and challenges
The COVID-19 pandemic is regarded as one of the most exceedingly difficult challenges faced in the oil and gas industry's history.
Global Project Data
Gulf Energy Information’s Global Energy Infrastructure database is tracking more than 1,150 active projects in the hydrocarbon processing industry.
Oil driven higher by tight supply expectations
Oil prices jumped by more than 1% and were on track to snap a two-week losing streak, buoyed by expectations of tightening supplies.
Kuwait's Al Zour refinery offers first fuel oil tender since June
Kuwait's Al Zour refinery has issued a fuel oil sales tender for the first time in more than two months.
- Brazilian sugarcane processors mulling switch to more ethanol production 5/19
- Fuji Oil cancels Japanese biofuels plant due to high construction costs 5/19
- Italy's Meloni warns EU green policies risk 'industrial desertification' 5/19
- Nuberg EPC, EDL sign technical collaboration agreement across several industries 5/19
- Infinium will deploy Electric Hydrogen’s HYPRPlant at large-scale eFuels facility in Texas (U.S.) 5/19
- Asian petrochemical producers chase ethane gains as margins dwindle 5/19
