Refining
Oil prices ease on US gasoline demand worries, economic data
Oil prices eased about 1% on worries over weak U.S. gasoline demand and economic data that could cause the U.S. Federal Reserve to keep interest rates higher for longer.
Russia's Tuapse oil refinery remains idle after May 17 drone attack
Rosneft's Black Sea oil refinery in Tuapse may remain idle until at least mid-June, despite being repaired after a May 17 drone attack, due to low profitability.
Germany approves unrestricted sales allowances of 100% renewable diesel
With this approval, Germany is following other EU countries in which the sale of 100% renewable diesel at public fueling stations has long been permitted.
Aspentech announces new and expanded capabilities in latest version of aspenONE
Aspen Technology, Inc. introduced new and expanded capabilities now available in aspenONE®, helping customers achieve new levels of operational excellence with expanded Industrial AI throughout the portfolio, additional integration of industrial data management across solutions, and advancements in planning and scheduling capabilities.
Indian refiner-Reliance-to buy Russian oil in roubles
India's Reliance Industries Ltd., operator of the world's biggest refining complex, has signed a 1-yr deal with Russia's Rosneft to buy at least 3 MMbbls of oil/month in roubles.
Indonesia's Pertamina conducting gasoline tender for June
Indonesia's Pertamina is conducting a tender to procure 98-octane gasoline for June, an official at procurement subsidiary Pertamina Patra Niaga said.
U.S. Gulf Coast imports of straight-run fuel oil at record as global supply jumps
Imports of straight-run fuel oil (SRFO) to the U.S Gulf Coast were set to climb to record levels this month as Mideast and African suppliers ramped up exports and U.S. refiners scrambled for heavy feedstocks.
bp, Shell agree to sell their shares in South Africa's SAPREF refinery
bp Southern Africa and Shell Downstream South Africa have reached an agreement for the sale of their respective 50% ownership assets located at the SAPREF Refinery Precinct to the South African state-owned entity, Central Energy Fund SOC Ltd.
Neste expands its sustainable aviation fuel supply capabilities in Europe in partnership with VTTI
Neste has further expanded its capability to supply sustainable aviation fuel to customers in Europe in cooperation with VTTI, a global leader in energy storage and developer of energy infrastructure.
U.S. biodiesel imports have doubled since 2022
Annual U.S. biodiesel imports doubled from 2022 to 2023 to 33,000 bpd and continued to rise in the first two months of 2024.
- Ebara Elliott Energy awarded landmark order from Kawasaki Heavy Industries to advance global liquefied hydrogen supply chain 4/24
- Digital Exclusive: Early collaboration with vendors: Mitigating design risk and ensuring successful project execution 4/24
- Pacífico Mexinol celebrates groundbreaking of $3.3-B clean fuels complex 4/24
- Brazil to start tests for diesel blend containing 20% biofuel in May 4/24
- ATOME announces FID for $665-MM green hydrogen project in Paraguay 4/24
- U.S.: Trump grants 90-day Jones Act waiver extension to curb energy costs 4/24
