Economics
Shell unveils market strategy during Capital Markets Day
During Shell’s Capital Markets Day 2025, it unveiled the next steps in the execution of its strategy. Shell is strengthening its commitment to value creation and maintaining its focus on performance, discipline and simplification.
Trump to hit Venezuelan oil buyers with tariff, extends Chevron's wind down
U.S. President Donald Trump on Monday issued an executive order declaring that any country buying oil or gas from Venezuela will pay a 25% tariff on trades with the U.S., while his administration extended a deadline for U.S. producer Chevron to wind down operations in the South American country.
How Russian energy trade might change if sanctions are eased
As talks aimed at ending the war in Ukraine continue, a potential relief in sanctions imposed on Russia, including its vast energy sector, is one of the issues on the agenda.
China's Sinopec to prioritize risk control in Russian oil purchases
Top Chinese refining major Sinopec Corp. will prioritize "risk control" in purchasing Russian oil, which has similar quality for its value versus competing global supplies.
U.S. slaps Iran-related sanctions on oil tankers, China 'teapot' refinery
The U.S. on Thursday issued new sanctions intended to hit Iran's oil exports, including what the State Department said were the first U.S. measures targeting a Chinese "teapot refinery" processing the crude.
Asia's sour crude demand to rebound on completed regional refinery maintenance and upgrades
Asia's sour crude demand is set to rebound from late Q2 as refiners return from maintenance and ExxonMobil completes a Singapore refinery upgrade that is poised to increase its heavy oil use
ExxonMobil challenges Colonial Pipeline on proposed changes to fuel shipping terms
ExxonMobil asked regulators to block changes proposed by Colonial Pipeline to its fuel shipping terms, citing potential harm to shippers and consumers, a filing with the U.S. Federal Energy Regulatory Commission (FERC) showed.
LyondellBasell, Covestro announce permanent closure of PO11 unit at Maasvlakte
LyondellBasell and Covestro have jointly decided to permanently close the Propylene Oxide Styrene and Monomer production unit at the Maasvlakte site in the Netherlands.
U.S. ethane production, consumption and exports set new records in 2024
U.S. ethane production, consumption, and exports reached record highs in 2024. Increasing ethane recovery associated with natural gas production and continued growth in the domestic and global petrochemical sectors drove these increases.
North American biofuels sector contracts amid trade and policy uncertainty
U.S. and Canadian biofuel companies are throttling back production to limit losses amid uncertainty over U.S. President Trump’s approach to green fuel subsidies and the potential for a worsening trade war.
- Universal Fuel Technologies’ pilot demonstrates new sustainable aviation fuel production pathways 3/25
- Shell unveils market strategy during Capital Markets Day 3/25
- Mitsubishi Chemical Group to license its N-vinylformamide technology for SNF's new plant in France 3/25
- Clariant's EnviCat N2O-S catalyst significantly mitigates N2O emissions at GNFC's nitric acid plant in India 3/25
- Agilyx launches Plastyx Ltd. to source and supply feedstock for the European advanced plastic recycling industry 3/25
- More European oil refineries to close, convert in next 10 yr, panel says 3/25
