Economics
Automakers say they face $14 B in fines from Biden's 'unfeasible' fuel rules
The Biden administration proposal to hike fuel economy standards through 2032 is not feasible and could cost automakers a total of more than $14 B in fines.
Cnergyico imports Pakistan's first private-sector Russian crude cargo
Pakistan refiner Cnergyico has imported the country's first private-sector shipment of Russian crude oil as the cash-strapped nation takes advantage of Moscow's discounts on its oil exports.
Singapore Exchange launches its first ammonia futures contracts
The Singapore Exchange launched its first ammonia swap and futures contracts aimed at meeting hedging needs from the power sector as interest in the energy- transition fuel grows.
ADNOC top exec says oil and gas could remain relevant until 2050
Oil and gas will remain a relevant part of the energy mix until potentially 2050, Musabbeh Al Kaabi, Executive Director of Low Carbon Solutions and International Growth at Abu Dhabi National Oil Company said during an energy conference in Abu Dhabi.
Russia's September seaborne diesel exports fall on maintenance, export ban
Seaborne diesel and gasoil exports from Russian ports fell 27% in September from a month earlier to about 2.76 million tons due to a major overhaul of refineries and a fuel export ban.
EU's candidate climate chief takes aim at fossil fuel subsidies
Former Dutch foreign minister Wopke Hoekstra, who is nominated to be the EU's new head of climate change policy, plans to act to phase out fossil fuel subsidies if he takes up the role.
LanzaTech announces collaboration with Dow to introduce bio-degradable cleaning solution
LanzaTech Global, Inc. has collaborated with Dow to introduce a new biodegradable surfactant to the home care market.
Nuberg EPC wins IOCL’s Propylene Purification Package with Skid Mounted Technology Deployment
Nuberg EPC, the global engineering, procurement and construction company, has been awarded the PPP contract by Indian Oil Corporation Ltd. for the design, engineering, manufacturing, supply and commissioning of a Propylene Purification Package at IOCL Panipat Refinery, Haryana, India.
Cuba warns of worsening blackouts as fuel crisis bites
Power blackouts in Cuba are expected to increase significantly due to a lack of fuel, officials warned in a nationwide TV broadcast, worsening the country's plight as it deals with food and medicine shortages.
Russia considers fuel export quotas to tackle high prices
Russia may introduce quotas on overseas fuel exports if a complete export ban imposed last week does not succeed in bringing down persistently high gasoline and diesel prices.
- 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
