Economics
India receives fuel oil cargo in Russian SCF tanker after brief halt
A ship controlled by U.S.-sanctioned Russian shipping giant Sovcomflot discharged fuel oil at a western Indian port indicating a resumption in the use of SCF vessels to supply Moscow's key market after a brief halt.
Biden administration (U.S.) to release SAF tax credit model
The Biden administration (U.S.) is expected to release a climate model for its SAF subsidy program, two sources familiar with the matter said.
S-Oil expects Q2 refining margins to remain steady then trend upward
South Korea's S-Oil forecast that second-quarter refining margins will be steady, supported by regular maintenance in the region, then trend upward in tandem with higher demand as the summer season gets underway.
Vitol to charter supertankers from U.S. to Nigeria's Dangote refinery
Commodities trader Vitol has agreed to charter two supertankers to deliver crude oil to Nigeria's giant Dangote refinery from the U.S. in May, according to a shipping source and fixtures data.
Refiner Valero beats profit estimates on resilient demand, tight supplies
Refiner Valero Energy beat first-quarter profit estimates, benefiting from sustained demand as supplies remained tight due to disruptions in Russia and maintenance work at U.S. refineries.
Diamond Green Diesel approves a SAF project at Port Arthur, Texas (U.S.)
Valero Energy Corporation and Darling Ingredients Inc. announced that the companies have made the final investment decision on a SAF project at the DGD Port Arthur (U.S.) plant, which is owned and operated by Diamond Green Diesel Holdings LLC, a 50/50 joint venture between Valero and Darling.
Wartsila secures China’s largest-ever methanol newbuild order
Technology group Wärtsilä will supply the methanol-fueled auxiliary engines for five new container vessels for COSCO Shipping Lines Co., Ltd and seven new container vessels for Orient Overseas Container Line.
Aspen Technology introduces new strategic planning for sustainability pathways solution
Aspen Technology, Inc. introduced AspenTech Strategic Planning for Sustainability Pathways – a new and unique integrated modelling and optimization solution that aims to guide companies in carbon capture utilization and storage decision making and sustainability strategy investments.
Imperial Oil gets Q1 boost from higher production; refining throughput weighs
Canada's Imperial Oil saw higher profit in its first quarter on as the integrated oil firm was helped by robust production but saw maintenance activities weighing on its throughput volumes.
KBR's phenol technology selected by SABIC Fujian Petrochemicals
KBR announced it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China.
- India receives fuel oil cargo in Russian SCF tanker after brief halt 4/26
- Biden administration (U.S.) to release SAF tax credit model 4/26
- Boeing, Wagner advance Australia’s SAF Industry 4/26
- S-Oil expects Q2 refining margins to remain steady then trend upward 4/26
- Vitol to charter supertankers from U.S. to Nigeria's Dangote refinery 4/26
- Refiner Valero beats profit estimates on resilient demand, tight supplies 4/26
