Refining
China allows output cuts by some money-losing independent refiners
Some refiners in the eastern province of Shandong, popularly called teapots, were told recently that they can cut output to no lower than 80% of last year's monthly average.
IEA forecasts chance of critically low stockpiles before peak summer demand
Fuel demand typically peaks in the Northern Hemisphere summer when people drive and fly on holiday.
U.S. gasoline market set for fresh test after near-record stock draws
U.S. gasoline prices have already jumped by 50% to close to four-year highs since the U.S. and Israeli war against Iran began on February 28, and currently average around $4.33 per gallon.
Current Digital Edition
Sign up to Receive Our Newsletter
Latest News
- Axens and Green Sky Capital sign collaboration for 200,000-tpy SAF production facility in Egypt 6/3
- Closing the loop: How Clariant is enabling circular plastic 6/3
- hte and Kayser Technology partner to market FCC testing technologies 6/3
- INEOS Energy signs LNG supply agreement with Marubeni Corporation for delivery into Asia from 2029 6/2
- MB Energy to supply renewable diesel to Lechner Racing's transport fleet 6/2
- ADNOC resumes naphtha exports via alternative Oman route 6/2
Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction
