Economics
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.
Consortium selected by NEDO to develop SCC probability evaluation tools for fuel ammonia storage tank and transportation equipment
ClassNK announced that a consortium was selected by NEDO to promote the development of stress corrosion cracking probability evaluation tools for fuel ammonia storage tank and transportation equipment.
Clariant advances plastics stabilizer technology with expanded production and new applications
Clariant increases production capacity for Nylostab™ S-EED stabilizer with second production line in Cangzhou, China
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.
Russia's Ryazan oil refinery halves refining capacity after drone attacks
According to sources, two primary oil refining units were stopped following the drone attacks - CDU-3 with a capacity of 8,600 tonnes (t) per day, and CDU-4 with a capacity of 11,400 tpd.
Top U.S. refiner Marathon Petroleum beats quarterly profit on higher refining margins
U.S. refiners are posting upbeat quarterly profits, recovering from the losses in the previous quarter on stronger diesel margins.
India's Nayara exports first gasoline since sanctions
Russia-backed Indian refiner Nayara Energy has exported its first gasoline cargo since the privately-owned company was sanctioned by the European Union on July 18.
Energy tech firm Lummus confidentially files for U.S. IPO amid Trump's domestic push
Energy solutions company Lummus Technology said on Monday it has confidentially filed for an initial public offering in the United States amid President Donald Trump's broader strategy to enhance domestic energy production.
India's IOC buys 7 MMbbl of U.S., Middle East crude after Russian oil pause
IOC's large spot crude purchase comes after the arbitrage window for U.S. crude to Asia opened and as Indian state refiners paused buying of Russian crude oil on narrowing discounts.
HF Sinclair (U.S.) beats profit estimates as refining margins soar
Top U.S. refiners are posting improved results in 2Q, rebounding from 1Q losses as stronger-than-expected diesel margins lift earnings.
- Asian gasoline margin spikes to highest since August 2023 11/14
- Lukoil-Moldova grants free use of airport fuel terminal to government amid U.S. sanctions 11/14
- Croatia rejects Russian vacuum gasoil cargo after U.S. sanctions 11/14
- Bulgaria wins UK sanctions reprieve on refinery, petrol stations 11/14
- China's Sinochem shuts one crude unit at Quanzhou after fire 11/14
- Enbridge approves $1.4-B project to boost Canadian oil flows to U.S. refiners 11/14
