Economics
Asia to drive oil demand growth in second half, says Vitol
Asia will lead oil demand growth of around 2 million bpd in the second half of the year, a senior executive at Vitol said, an increase that could potentially lead to a shortage of supply and drive up prices.
Rare shipment of U.S. oil heads to South Africa for Glencore refinery
A shipment of U.S. oil is headed to South Africa for the first time in two years and destined for a Glencore-owned refinery in Cape Town that has restarted operations after an explosion shuttered it in 2020, according to ship tracking data and a source.
Global Syngas Technologies Council convened to address global syngas market
Situated in the beautiful natural surroundings of Colorado Springs with the backdrop of the Rocky Mountains, the Global Syngas Technologies Council (GSTC) convened for their Spring board meeting at the Broadmoor Resort and Hotel.
Berkshire Hathaway boosts stake in Occidental Petroleum to 24.4%
Berkshire Hathaway Inc said it had acquired more shares of Occidental Petroleum Corp, boosting its stake in the oil company to 24.4%.
India eyes nationwide use of 1% sustainable aviation fuel by 2025
India plans to mandate the use of 1% of sustainable aviation fuel for domestic airlines by 2025 in a bid to cut emissions from the sector.India plans to mandate the use of 1% of sustainable aviation fuel for domestic airlines by 2025 in a bid to cut emissions from the sector.
China's oil refiners made rare draw on crude stockpiles in April
Chinese refiners dipped into crude oil inventories in April for the first time in 18 months, as high processing rates exceeded the volume of crude available from both imports and domestic output.
Oil rebounds on fading risk of U.S. debt default
Oil prices rebounded from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default.
Ma’aden exports blue ammonia to China’s Shenghong Petrochemicals
Saudi Arabian Mining Company (Ma’aden), announces that it has exported its first shipments of low-carbon blue ammonia to China, in a significant milestone for the company’s journey as a green leader, as it helps key markets across the globe to reduce carbon emissions from supply chains.
Oil prices slide 2% as strong US economic data boosts dollar
Oil prices slid about 2% after solid U.S. economic data spurred the dollar to a two-month high on growing expectations the U.S. Federal Reserve could raise interest rates again in June.
China's Sinopec agrees terms for potential Kazakhstan polyethylene investment
China's Sinopec and Kazakh state-owned oil and gas company KazMunayGaz have agreed key terms for a potential investment in a polyethylene plant in Kazakhstan's western Atyrau region.
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- Norsk e-Fuel and Braskem partner to turn captured carbon into long-lasting products 11/20
- Nigeria's Dangote refinery delays CDU maintenance to end of January 2026 11/20
- Technimont attends ground-breaking ceremony of Tengiz Gas separation Complex in Kazakhstan 11/20
- 42% of U.S. energy/critical infrastructure providers exposed to weaponized AI and email attacks 11/20
- EIA: U.S. crude stocks fall on higher demand, fuel inventories rise 11/20
