Products
Egypt increases gasoline prices in line with global levels
Egypt raised domestic gasoline prices, bringing them more in line with global levels but risking further public discontent after a year of rising inflation, a weakening currency and a series of austerity measures.
Indonesia trying to create palm oil benchmark price
Indonesia, the world's biggest palm oil exporter, plans to require crude palm oil exports to go through a futures exchange to create the country's own benchmark price.
Russia's oil/gas revenues fall 40% in January
Russia's revenues from oil and gas exports dropped by nearly 40% in January as price caps and Western sanctions squeezed the proceeds from Moscow's most lucrative export, the International Energy Agency said on Tuesday.
U.S. EPA's proposal would allow a higher ethanol blend in Midwest states
The U.S. Environmental Protection Agency proposed a rule that would allow sales of gasoline with a higher ethanol blend in certain U.S. Midwest states.
CF Industries-Lotte sign MoU for clean ammonia offtake in South Korea
CF Industries announced that it has entered into a MoU with LOTTE CHEMICAL that will guide the companies in a joint exploration of clean ammonia production and long-term clean ammonia offtake into South Korea.
Colorado refinery outage causing increased fuels pricing
The only petroleum refinery in Colorado shut down in late December after sustaining damage from extremely cold weather, which may tighten gasoline and diesel fuel supplies in the region.
Brazil to resume taxes on fuels
The Brazilian government is set to resume the collection of federal taxes on fuels this week, the Finance Ministry said on Monday.
Neste has introduced a new ReNew lubricant product family produced with renewable/re-refined base oils
Neste is introducing a new Neste ReNew™ lubricant product family in Finland, Sweden, the Baltic countries and Poland during the first quarter of 2023. The new lubricants are produced with renewable or re-refined base oils and high-quality additives.
U.S. crude oil inventories rose as utilization drops
U.S. crude oil inventories rose for the ninth week in a row, surging to their most since May 2021, as refiners ran less oil during a strong maintenance season.
Kuwait to ramp up refined products exports from the 615,000-bpd Al Zour refinery
Kuwait is set to ramp up refined oil product exports from its new Al Zour refinery in the second half of 2023 to plug Russian shortfalls in Europe and meet growing demand in Asia and Africa.
- Iran's Revolutionary Guards say they targeted petrochemical facilities in the Gulf 4/6
- Damietta Green Ammonia completes pre-FEED for $873-MM, 150,000-tpy green ammonia facility 4/6
- EIB and Eni sign €500-MM in financing for new biorefinery in Sannazzaro de’ Burgondi 4/6
- India's Reliance buys Venezuelan oil directly from PDVSA 4/6
- Japan to boost intermediate chemical imports amid tighter naphtha supply 4/6
- Five EU countries call for windfall tax on energy companies 4/6
