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Economics

Argentina drivers hunt for fuel 'like water in the desert' amid shortage

Argentine drivers ran the gauntlet to find scarce supplies of petrol to fill their tanks amid the most acute fuel shortage in years, which has left many filling stations out of supply and long lines at any pumps still operating.

Kuwait's October fuel oil exports drop by a third from record in September

Kuwait's October fuel oil exports tumbled more than 30% after hitting a record high in September as some supply was diverted to domestic power generation.

China's CNOOC, two chemical firms looking at Shell Singapore assets

CNOOC, Eversun Holdings and Wanhua Chemical are among those that have started early evaluations of Shell assets that include a 237,000 bpd refinery and a one MMtpy ethylene cracker.

Sumitomo Chemical to develop green process for ethanol-based propylene

Sumitomo Chemical has begun construction of a pilot facility to establish a process for producing propylene directly from ethanol, which is attracting attention as a sustainable chemical raw material.

Boskalis orders a dual-fuel dredger from Royal IHC

Boskalis has signed a contract with Dutch shipbuilding company Royal IHC to build a large state-of-the-art trailing suction hopper dredger capable of running on diesel and green methanol.

Norwegian introduces SAF for 100 flights on Denmark's Aalborg-Copenhagen route

Norwegian is to purchase SAF to power the equivalent of 100 flights between Aalborg and Copenhagen.

U.S. Midwest diesel prices likely to drop as demand trails off, supplies improve

High retail diesel prices in the U.S. Midwest are drawing more supplies from Gulf Coast and Chicago pipelines that should ease supply worries and cool prices, traders said, as farmers wrap up harvests and winter demand has yet to arrive.

Malaysia's Gentari, Singapore's GIC to produce, export green ammonia from India

Malaysia's Gentari, a renewable energy unit of Petronas, and Singapore sovereign wealth fund GIC signed an agreement to produce up to 5 Mtpa of green ammonia in India by 2030.

Argentina says fuel shortages should ease soon, imports arriving

The Argentine government and oil companies said fuel shipments are starting to arrive that in coming days should ease a shortage, after a spike in demand caused long lines at gas stations.

Fire at Afipsky oil refinery near Novorossiisk put out

A fire that broke out at the Afipsky oil refinery in Russia's Krasnodar region was promptly extinguished, the region's emergency security authorities said after social media reports of powerful blasts shaking the refinery.