Refining

Valero Energy reports first-quarter loss on lower margins, impairment charges

Valero Energy reported a first-quarter loss compared with a year-ago profit, weighed down by lower refining margins and around $1 billion in impairment charges related to its West Coast assets.

California (U.S.) governor drives out refiners then pleads for reliable fuel supplies

California (U.S.) Governor Gavin Newsom has directed state officials to step up efforts to guarantee reliable fuel supplies for the nation's biggest auto market, prompting oil companies to blame state policies for difficult business conditions and high pump prices.

TotalEnergies to boost SAF and hydrogen production at Antwerp

Neste divests its NAPCON technology to Lummus Technology

Neste has signed an agreement to sell its proprietary technology NAPCON to Lummus Technology. NAPCON covers solutions in the field of interactive operator training simulators and game-aided learning systems, real-time process optimization, AI based process predictors and real-time process information gathering, monitoring and analytics.

Japan to lower gasoline prices and implement energy subsidies

Japanese Prime Minister Shigeru Ishiba said the government will slash gasoline prices by 10 yen ($0.0713) per liter from May 22 as part of measures to curb rising energy prices.

Taiwan starts sustainable aviation fuel supply for domestic carriers

Taiwan supplied for the first time a blend of sustainable aviation fuel (SAF) to refuel planes owned by three domestic carriers at several airports across the country, the Civil Aviation Administration (CAA) said.

Mexico exports first ULSD cargo from Olmeca refinery amid infrastructure woes

Mexico exported the first cargo of ultra-low sulfur diesel (ULSD) reprocessed in its new Olmeca refinery in early April, as infrastructure to transport the much-needed motor fuel across the country is not ready.

Iran authorities seize two vessels carrying 'smuggled fuel' in Gulf

Iranian Revolutionary Guards seized two Tanzanian-flagged vessels allegedly carrying 1.5 MM liters of "smuggled fuel" in the Gulf

South Korea to implement smaller fuel tax cuts from May

Tax breaks will be extended until the end of June, with the rate adjusted to 10% for gasoline, from the current 15%, and that for diesel and liquefied petroleum gas butane to 15% from 23%.

ITT Goulds Pumps introduces 3430 large double suction pump line

ITT Inc.’s Goulds Pumps has launched its 3430 large double suction pump line, featuring a new design delivering significant advancements in cost, features and hydraulics to the market.