Economics
Russia's October seaborne diesel exports fall on ban, maintenance
Seaborne diesel and gasoil exports from Russian ports fell 11% in October from a month earlier to about 2.55 MMt due to major maintenance work at refineries and a fuel export ban.
PetroChina aims to resume Venezuelan oil imports after 4-year pause
China's PetroChina is proposing to buy up to 8 million barrels a month of Venezuelan crude from state-run oil company PDVSA hoping to resume a trade suspended four years ago by U.S. sanctions.
Indonesia's palm oil consumption for biodiesel to exceed food for first time in 2023
Indonesia's domestic palm oil consumption for biodiesel will exceed its consumption for food for the first time in 2023, the Indonesia Palm Oil Association said at an industry conference.
Lummus launches upgraded Helixchanger technology
Lummus Technology announced the launch of its latest heat exchanger technology, the Helixchanger 2.0 system.
U.S. SAF production target faces cost, margin challenges
The United States' goal of rapidly ramping up production of SAF may encounter strong headwinds as producers balk at the low margins for the biofuel and some airlines flag concerns over the costly switch.
Belgium drafting new fuel quality law targeting exports to Africa
Belgium is set to shut the door on rising exports of low-quality gasoline and diesel to West Africa as it follows the Netherlands in tightening environmental rules.
API Releases Standard for the Inspection and Assessment of Refractory Linings
The American Petroleum Institute is pleased to announce the publication of Recommended Practice (RP) 982, Inspection and Assessment of Refractory Linings.
Grace expands operating UNIPOL PP technology capacity in China with Oriental Energy Co. Ltd.
W. R. Grace & Co announced that Oriental Energy Co. Ltd. has started up a new plant with Grace’s UNIPOL PP Process Technology.
John Deere invests in ClearFlame engine technologies for ethanol-powered clean engine development
John Deere announces it has made an equity investment in ClearFlame Engine Technologies, a growing start-up dedicated to the development of clean engine technology using ethanol fuel.
SATORP completes MENA region’s first conversion of used cooking oil into ISCC+ certified SAF
SATORP, platform jointly owned by Aramco and TotalEnergies, has for the first time in the region successfully converted used cooking oil through coprocessing into ISCC+ certified SAF.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
