Economics
India's August fuel consumption perks up on strong manufacturing
India's fuel consumption in August inched up from a 10-month low as strong factory activity in the world's third-biggest oil importer and consumer offset the usual monsoon lull.
Biden admin to delay SAF subsidy guidance until December
President Joe Biden's administration likely will delay until December a decision on whether to make it easier for SAF made from corn-based ethanol to qualify for subsidies under the White House's signature climate law.
INEOS and SINOPEC sign second joint venture to produce ABS in China
INEOS and SINOPEC signed a shareholder agreement for the formation of a 50:50 joint venture to build a new 300 ktpa ABS plant in Tianjin.
ABB supports innovative bioplastics project as main electrical contractor for Avantium and Worley
Avantium is building a new plant that will support the transition to bio-based plastics to replace ones that rely on fossil-based raw materials.
Petrobras-Mubadala partnership may open door to refinery deal and biofuel partnership
Brazilian state-run oil firm Petrobras remains eager to repurchase a refinery from Abu Dhabi state investor Mubadala despite antitrust barriers, and a new biofuels partnership could open the door to future talks.
APPEC-OMV starts up biofuels plant at Schwechat refinery
Austria's OMV started up a new biofuels plant at its Schwechat refinery two weeks ago.
Bunker fuel market to convert to LNG in next 10 years
The global bunker fuel market is expected to convert substantially to LNG over the next 10 years.
Russia extends oil exports cuts of 300,000 bpd until year-end
Russia will extend its voluntary reduction in oil exports by 300,000 bpd until the end of the year "to maintain stability and balance" on oil markets.
Saudi Arabia extends voluntary oil output cut of 1 MM bpd to end in 2023
Saudi Arabia will extend its voluntary oil output cut of 1 million bpd for another three months until the end of December 2023.
India cuts windfall tax on petroleum crude
The Indian government will cut the windfall tax on petroleum crude to 6,700 rupees ($81.03) per metric ton from 7,100 rupees starting on Saturday.
- HIF Global and German eFuel One GmbH sign HoA for e-methanol offtake 2/20
- Venezuela's refineries boost processing to 35% of capacity 2/20
- New Trinidad gas projects could provide necessary feedstock for country's petchem and LNG sectors 2/20
- MK-Polymer delivers ethylene-propylene rubber to JSC Kazenergokabel 2/20
- Mexican authorities shut down 22-m long tunnel used in illegal smuggling of fuel supplies 2/20
- Digital Feature: First-stage ejector nozzle retrofit achieves meaningful performance improvement 2/20
