Economics
U.S. House targets big climate, clean energy rollbacks in budget proposal
U.S. House lawmakers laid out plans to phase out clean energy tax credits, slash spending on electric vehicles and renewable energy, and claw back other climate-related funds as part of the Republicans' attempt to pass a multi-trillion-dollar budget in line with President Donald Trump's agenda.
Mexico's Pemex plans to export less crude oil as new refinery starts up
The trading arm of Mexico's state company Pemex, PMI, is anticipating a reduction in crude oil exports this year as more will be sent to local refineries, especially the new Olmeca refinery.
Fertiglobe to acquire Wengfu Australia’s distribution assets
Fertiglobe, the world’s largest seaborne exporter of urea and net ammonia combined, the largest nitrogen fertilizer producer in the Middle East and North Africa region, and ADNOC’s low-carbon ammonia platform, has signed an asset sale and purchase agreement to acquire the distribution assets of Wengfu Australia Pty Ltd., a leading fertilizer distribution business.
Ionikylation unit at PetroChina's Dagang refinery reaches 1,000 days of continuous operation
PetroChina Dagang Petrochemical Company has reached the milestone of 1,000 continuous days of operation for its 150,000-tpy Ionikylation unit.
Traders rebrand Venezuelan oil for China as Brazilian
Traders have rebranded more than $1 B of Venezuelan oil shipments to China as Brazilian crude over the past year, according to two tanker tracking firms, helping buyers to cut logistics costs and circumvent U.S. sanctions.
British bioethanol industry faces 'existential' threat after U.S. trade deal, producers say
Britain's two largest bioethanol producers have warned that last week's U.S.-UK trade deal which removed tariffs on U.S. ethanol entering the UK has triggered an "existential threat" to the industry.
Indonesia eyes cut in fuel imports from Singapore in favor of U.S. as part of tariffs negotiations
Indonesia plans to change the source of some of its fuel imports from Singapore to the United States as part of negotiations over steep tariffs.
Vietnam's Binh Son refinery signs deal with SOCAR Trading for crude oil supplies
Vietnam's Binh Son Refining and Petrochemical said it had signed an agreement with Azerbaijan's SOCAR Trading for long-term crude oil supplies.
Mexico's Pemex reports leaks in oil pipeline to Dos Bocas terminal
Mexico's state energy firm Pemex said that it had addressed two leaks in a pipeline that transports oil from its Akal-C platform to the Dos Bocas Maritime Terminal in the southern state of Tabasco.
New Mediterranean IMO fuel rule helps bring more Doba crude to Europe
Dutch and German oil refineries have snapped up all four cargoes of Chadian Doba crude in April to profit from soaring demand for cleaner marine fuel in Europe from shipping companies including Maersk. Heavy, sweet Doba grade is particularly suitable for making ultra-low sulfur fuel oil (ULSFO) with a maximum sulfur content of 0.1%.
- 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
