Economics
Venezuela's 2024 oil exports climb 10.5% amid political turmoil, refinery outages
Venezuela's oil exports rose 10.5% last year despite political instability and changes to the U.S. sanctions regime on the country, as partners of state oil company PDVSA took more cargoes under licenses granted by Washington.
Singapore's Dec. jet fuel imports hit multi-year high on India, S. Korea supply
Singapore's jet fuel imports probably hit multi-year highs in December, with India the top supplier as the arbitrage to Europe stayed shut.
Flare system design: Liquid pockets in flare headers
Flare and relief systems are the last line of defense against plant emergency overpressure and loss of containment. Therefore, the efficient design, management and maintenance of these systems are vital for safe operations throughout the lifecycle and operation of a plant. This article focuses on areas where major benefits can be achieved early in the front-end engineering design (FEED) stage of the project.
Salient points of a successful process plant execution
The aim of any successful project is to achieve consistent trouble-free operation at the rated capacity. Certain pinch points have been identified that must be addressed early in the process to avoid delays. These points are applicable for normal “stick-built” plants and not for plants with a high degree of modularization.
Enhance the performance of panel operators using a visualization tool in an LPG plant
Through a combination of case studies and practical insights, this article explores the benefits and challenges of implementing visualization tools in LPG plants. Moreover, it discusses strategies for optimizing operator training and workflow integration to maximize the effectiveness of these tools in improving operational performance, safety and overall plant productivity.
Indonesia's B40 palm oil delay causes market uncertainty
Indonesia has yet to implement a higher mandatory blend of biodiesel planned for Jan. 1 as industry participants await technical details of the new regulation, causing confusion among palm oil traders.
Oil rises on diesel demand boost in sparse holiday trade
Oil prices settled higher on Monday in thin late-year trade as investors bet on a drop in temperatures across the U.S. and Europe over the coming weeks to boost diesel demand.
Update: India's BPCL buys Middle East grades to replace Russian shortfall
State-run Indian refiner Bharat Petroleum Corp. (BPCL) is buying Middle Eastern crude to make up for less supply of cheaper Russian oil, its head of finance Vetsa Ramakrishna Gupta said in a recent interview.
EIA: U.S. crude stocks fall on strong refining demand
U.S. crude stocks drew down more than expected on strong refinery runs, while distillate inventories fell thanks to higher truck traffic during the holiday season and cold weather, data from the U.S. Energy Information Administration (EIA) showed on Friday.
New York (U.S.) to fine fossil fuel companies $75 B under new climate law
New York state will fine fossil fuel companies a total of $75 B over the next 25 yr to pay for damage caused to the climate under a bill Governor Kathy Hochul signed into law on Thursday.
- Envision Energy powers world's first green marine ammonia bunkering 7/25
- New catalyst breakthrough could make clean ammonia easier to produce 7/25
- U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses 7/25
- CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions 7/25
- PetroChina makes FID for new northeast refinery complex 7/25
- Valero Energy beats Q2 profit estimates as refining margins improve 7/24
