Refining
Argentina's YPF to invest $400 MM in sustainable jet fuel venture
Argentine state oil firm YPF will invest around $400 MM as part of a new JV to produce and sell sustainable aviation fuel (SAF).
South African tax authorities extend jet fuel lifeline to airports
South Africa's fuels industry body Fuels Industry Association of South Africa (FIASA) welcomed a year-long extension from tax authorities to special licenses for importing and storing jet fuel, helping to avert a potential supply crisis at major airports.
MOL Group successfully completes another SAF and HVO production test
MOL Group is highlighting a recent milestone in its energy transition journey. Sustainable aviation fuel (SAF) has been successfully produced for the first time at INA’s Rijeka Refinery during a pilot project to process biocomponent, as well as a significant volume of renewable diesel hydrotreated vegetable oil (HVO).
India approves $3.4-B payout to state-run refiners for cooking gas losses
The compensation, approved by Prime Minister Narendra Modi's cabinet, would be paid to state-run Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp.
U.S. United Steelworkers union sets proposals for next refinery worker contract
The current four-year contract covering 30,000 workers expires shortly after 12 a.m. on Feb. 1, 2026. The USW members work at refineries that account for over half of national crude oil processing capacity.
Emvolon and Montauk Renewables launch JV to convert biogas into high-value, low-carbon fuel
Following a successful field demonstration project, Emvolon and Montauk plan to deploy a portfolio of biogas-based sites.
Low global diesel supplies support crude prices despite OPEC+ boost
Diesel, the top component of global fuel demand, has been the lone bright spot in an otherwise lackluster oil market this year as refinery closures and a shortage of crude with higher diesel yields have kept inventories below historical norms.
Pakistan Refinery to buy its first Nigerian Bonny Light oil from Vitol
The 500,000-bbl, light-sweet crude cargo is expected to load later this month and arrive in Karachi by late September.
Exports of oil products by private Indian refiners
The South Asian nation became the top buyer of Russian seaborne crude after Moscow's 2022 invasion of Ukraine. Private refiners Reliance Industries and Nayara are Russia's top Indian oil clients.
Russian oil exports will rise after drone strikes shut refineries
The extra oil has the potential to add to downward pressure to the global oil market as supplies are already set to be increased by an output hike agreed on Sunday by OPEC+.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
