Economics
Digital Exclusive (sponsored): Improve efficiency via centralized data and advanced collaboration
This article will detail how companies can use digital solutions to transform their engineering and data management by seamlessly integrating real-time data across the entire asset lifecycle, enabling faster, more accurate decision-making to improve efficiency, increase safety, minimize downtime and enhance profitability.
Topsoe to provide technology to Chuangui Lingang New Energy's 300,000-tpy SAF/renewable diesel plant in China
Chuangui New Energy company will use Topsoe’s licensing and engineering design services and technologies, including its HydroFlex® technology, proprietary equipment and catalysts enabling production of SAF and renewable diesel starting from used cooking oil.
South Korea's GS Caltex plans Yeosu refinery maintenance in late February
The maintenance at its 330,000-bpd crude distillation unit is expected to last for around 30 days
Nizhnekamskneftekhim receives first ton of ethylene at new EP-600 plant in Russia
PJSC Nizhnekamskneftekhim, part of SIBUR petrochemical holding, has received the first ton of the monomer as part of commissioning work at the new EP-600 ethylene plant, and plans to bring it to design capacity by the end of 2025.
Trump lifts freeze on U.S. LNG export permit applications
President Donald Trump issued an order on Monday for the U.S. to resume processing export permit applications for new liquefied natural gas (LNG) projects, part of an effort to raise U.S. energy output and dismantle his predecessor's policies.
Thai cabinet approves collection of carbon tax
Thailand's cabinet agreed to levy a carbon tax of 200 baht/ton ($5.88/ton) of carbon emissions as part of the country's efforts to reduce GHG emissions. Products to be subject to the carbon price mechanism include gasoline, kerosene, jet fuel, diesel biodiesel, LPG and others.
Asia's fuel oil premiums more than double as Russian sanctions spark supply risks
Spot premiums of fuel oil have more than doubled in Asia ever since the U.S. imposed broader sanctions on Russian oil and tankers, clouding the supply outlook.
China's crude oil imports may grow only 1% in 2025, CNPC says
China's crude oil imports will likely rise only 1% this year, and the country's reliance on oil imports is projected to remain at around 70% between 2026 and 2030.
Russian fuel exports fall in 2024 as drone attacks, bans add to sanctions pressure
Russian seaborne oil product exports fell by almost 10% in 2024 after Ukrainian drone attacks damaged major refineries and as higher funding costs and a government gasoline export ban added to pressure from Western sanctions.
India refiners ask ADNOC to offer oil delivered price as freight spikes
Indian state refiners have asked Abu Dhabi National Oil Co. (ADNOC) to offer pricing its crude on a delivered basis as well to manage costs, after fresh U.S. sanctions disrupted supplies and caused freight rates to spike.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
