Middle East
Oil driven higher by tight supply expectations
Oil prices jumped by more than 1% and were on track to snap a two-week losing streak, buoyed by expectations of tightening supplies.
Kuwait's Al Zour refinery offers first fuel oil tender since June
Kuwait's Al Zour refinery has issued a fuel oil sales tender for the first time in more than two months.
Sinopec not interested in acquiring Shell's Singapore assets
Asia's top refiner, Sinopec Corp, is not interested in acquiring Shell's refinery or petrochemical plant in Singapore although it is keen on participating in a shale gas project in Saudi Arabia.
Ethylene copolymers market is anticipated to reach $90 B by 2033
The global market is anticipated to have a steady CAGR of 4.2% during the period from 2023 to 2033. The overall market size is predicted to expand from $59.4 B in 2023 to $89.6 B by 2033.
Turkish ministers discuss oil exports with Iraqi Kurdistan PM
Turkey's foreign and energy ministers met the head of Iraq's semi-autonomous Kurdistan regional government for talks, including on oil exports, which Turkey has blocked from the region since March this year.
Total spending on fuel subsidies topped $7 T in 2022, IMF says
Global subsidies for fossil fuels rose by $2 T over the past two years to reach a record $7 T in 2022, according to new estimates from the International Monetary Fund.
Kuwait oil minister says study shows lack of interest in Al Zour Petrochemical complex
Kuwait's oil minister said the results of a study conducted by Ernst & Young showed a lack of investor appetite for participation in the Al Zour Petrochemicals complex project.
DNO partly resumes oil production in Iraq
Norwegian oil company DNO said that last month it partly resumed production at its Tawke field in the Iraqi Kurdistan region, delivering oil to the local market at a discount as a key export pipeline remained shut.
Decarbonization group's biofuel bunkering trial finds 20% drop in emissions
The Global Center for Maritime Decarbonization found net carbon emissions fell 20% using a vegetable oil biofuel blend compared with very low sulfur fuel oil in a trial for a dual-fuel LPG carrier, the center said
- AFPM/API: President Trump officially overturns California (U.S.) gas car ban 6/12
- Decision on oil refiner Italiana Petroli's sale expected around end-June 6/12
- EIA: U.S. crude stocks fall, gasoline and distillate inventories rise as refining activity increases 6/12
- AB Foods holds off bioethanol plant closure decision until June 25 6/12
- EU to subsidize high volume of greener aviation fuel to boost airline demand 6/12
- Solvay, Veolia inaugurate new unit for recycling industrial flue gas treatment residues in Meurthe-et-Moselle, France 6/12
