Europe

IATA: EU's 'green' fuel mandate costly and not helping environment

The International Air Transport Association (IATA) on Wednesday stepped up criticism of the European Union's sustainable aviation fuel (SAF) mandate as a costly initiative that is not helping the environment as regional supplies there remain low.

Trump's sanctions threat looms over Russian oil exports to China, India and Turkey

U.S. President Donald Trump threatened to hit buyers of Russian exports with sanctions unless Russia agrees to a peace deal over the conflict in Ukraine, potentially complicating Moscow's oil sales to China, India and Turkey.

Russia's June seaborne oil product exports down 3.4% m/m

Russia's seaborne oil product exports in June were down 3.4% from May at 8.98 MM tonnes (t) amid planned domestic refinery maintenance and strong domestic demand.

Russia`s Tatneft launches new hydrocracking unit on TANECO refinery

Russian mid-sized oil producer Tatneft has launched a new hydrocracking unit at its TANECO refinery.

Dow to close three European chemical plants, cut 800 jobs

Dow Chemical will shut down three chemical plants in Europe and cut around 800 jobs in response to structural challenges in the region, the chemicals company said. The company said the shutdowns will remove higher-cost, energy-intensive portions of Dow's portfolio in Europe.

Gunvor plans to halt oil terminal activities at Europoort refinery

Global commodities trading house Gunvor intends to mothball the terminal activities at its Europoort oil refinery in Rotterdam, Netherlands

EU to set up Critical Chemical Alliance to secure supply chains

The European Commission will work with EU member states and the chemicals sector to support production of chemicals identified as critical for Europe's industrial supply chains, the EU executive said.

Greenergy proposes to close Immingham biodiesel plant in the UK

bp sells 300 Dutch petrol stations to Catom

bp has agreed to sell its 300 Dutch petrol stations to Dutch fuel distribution and trading company Catom as part of its plan to divest $20 B worth of assets by 2027, bp said on Wednesday, without giving a deal value.

UK's insolvent Lindsey oil refinery secures some crude supply to keep running for now

Britain's insolvent Lindsey oil refinery has secured some crude supplies to stave off immediate closure, the UK energy ministry said, but a source familiar with the situation said the agreement with supplier Glencore was limited.