Economics
Argentina raises biofuel prices for domestic market
The Argentine government raised biofuel prices for the domestic market, according to two resolutions published in the official gazette.
Imperial Oil completes renewable diesel facility at Strathcona refinery (Canada)
Imperial Oil has completed construction of a renewable diesel facility at its Strathcona refinery near Edmonton, Canada, a milestone for Canadian operations.
OC Global signs MoU with Passo Fundo for greenfield ammonia plant in Brazil
Oriental Consultants Global Co., Ltd. signed a Memorandum of Understanding with the City of Passo Fundo, Brazil, concerning support for the construction of an onsite green ammonia plant.
South African tax authorities extend jet fuel lifeline to airports
South Africa's fuels industry body Fuels Industry Association of South Africa (FIASA) welcomed a year-long extension from tax authorities to special licenses for importing and storing jet fuel, helping to avert a potential supply crisis at major airports.
India approves $3.4-B payout to state-run refiners for cooking gas losses
The compensation, approved by Prime Minister Narendra Modi's cabinet, would be paid to state-run Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp.
Consortium selected by NEDO to develop SCC probability evaluation tools for fuel ammonia storage tank and transportation equipment
ClassNK announced that a consortium was selected by NEDO to promote the development of stress corrosion cracking probability evaluation tools for fuel ammonia storage tank and transportation equipment.
Clariant advances plastics stabilizer technology with expanded production and new applications
Clariant increases production capacity for Nylostab™ S-EED stabilizer with second production line in Cangzhou, China
Low global diesel supplies support crude prices despite OPEC+ boost
Diesel, the top component of global fuel demand, has been the lone bright spot in an otherwise lackluster oil market this year as refinery closures and a shortage of crude with higher diesel yields have kept inventories below historical norms.
Russia's Ryazan oil refinery halves refining capacity after drone attacks
According to sources, two primary oil refining units were stopped following the drone attacks - CDU-3 with a capacity of 8,600 tonnes (t) per day, and CDU-4 with a capacity of 11,400 tpd.
Top U.S. refiner Marathon Petroleum beats quarterly profit on higher refining margins
U.S. refiners are posting upbeat quarterly profits, recovering from the losses in the previous quarter on stronger diesel margins.
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
