Economics
China regulator launches country's first 'green' jet aviation fuel center
The Civil Aviation Authority of China launched the country's first technical center for sustainable aviation fuel (SAF) that focuses on standard setting and product research. The center is setting up test facilities for new products which added that China's total aviation fuel consumption is likely to exceed 50 MMtpy by 2030 and the use of SAF could reach 2.5 MMtpy.
As Nigeria's gasoline debt hits $6 B, some traders back out
Nigeria's debt to gasoline suppliers has surpassed $6 billion - doubling since early April - as state oil firm NNPC struggles to cover the gap between fixed pump prices and international fuel costs.
Icahn-owned oil refiner CVR bidding in Citgo share auction
Oil refiner CVR Energy, controlled by billionaire investor Carl Icahn, has submitted a binding offer in an ongoing auction of shares in the parent of Venezuela-owned Citgo Petroleum.
EIA: U.S. crude stocks, gasoline and distillate inventories fall
U.S. crude stocks, gasoline and distillate inventories fell in the week ending June 28, the U.S. Energy Information Administration (EIA) said on Wednesday.
Shell to temporarily pause on-site construction of 820,000-tpy European biofuels facility
Shell Nederland Raffinaderij B.V. will temporarily pause on-site construction work at its 820,000-tpy biofuels facility at the Shell Energy and Chemicals Park Rotterdam in the Netherlands to address project delivery and ensure future competitiveness given current market conditions.
Sponsored: Ultipleat High-Fow filter systems: High-performance filtration for large-flow applications in a compact design
With an innovative crescent-shaped pleat design, each Ultipleat High Flow filter is a single cartridge that fully utilizes all media for solids collection across multiple applications. Ultipleat High Flow filters provide exceptional filter service life when dealing with low fluxes and higher levels of incoming contaminants, reducing the number of filter changeouts and lowering the cost of replacement cartridges and disposal of spent filters.
Damper subsidy to oil refiners in Russia set to decline 4.5% to $1.7 B in June
Damper payments, a form of subsidy to oil refineries, are set to decline by around 4.5% to 150 B roubles ($1.7 B) in Russia in June from May due to global gasoline price rises and a weaker rouble.
EIA: Increasing U.S. gasoline inventories are reducing gasoline prices
Weekly U.S. average gasoline prices have declined $0.19/gallon (gal) since the 2024 high on April 22, falling to $3.48/gal on July 1, $0.05/gal less than the price a year ago. Increasing gasoline inventories, relatively weak demand and oil prices below recent peaks are all contributing to falling gasoline prices, according to the U.S. Energy Information Administration (EIA).
Saving Scotland's only refinery a rare point of agreement in UK election race
Candidates from all of Scotland's major political parties competing in the UK general election are putting pressure on energy company Petroineos to delay the closure of Scotland's sole oil refinery at Grangemouth and save jobs.
Business Trends: Global Energy Talent Index: A detailed analysis on the petrochemicals industry’s workforce
This article provides an overview of the global petrochemicals sector’s workforce, as well as how AI is reshaping job roles, skills, adoption, popularity and policy awareness across the industry, and anticipate the major risks and opportunities it presents.
- Borouge to supply advanced polyolefin solutions for next-generation vehicles 11/18
- ASTM International signs MoU with Gulf Cooperation Council Laboratory Company for Technical Services (GCC Lab TSCo.) 11/18
- Rio Tinto to reduce production at Yarwun Alumina Refinery to extend operational life 11/18
- KBC launches Visual MESA Energy Management System 7.3 11/18
- MHI Compressor secures steam turbine contract at Baton Rouge (U.S.) olefins plant 11/18
- Reliance buys 1 MMbbl of crude from Kuwait's KPC, trade sources say 11/18
