Economics
Thailand soars from 11th to 8th in global LNG import rankings with 25% surge
Thailand has jumped from eleventh to eighth in the world ranking for imports of LNG, after purchases through October soared 25% from the same period in 2022.
China sets minimum size for new refiners as it caps overall capacity
China has set a minimum size for new oil refineries and will ban small crude processors that claim to be chemicals or bitumen producers under its plan to limit total capacity at 1-B metric tons by 2025.
Ireland could start producing sustainable jet fuel from 2030
Ireland's offshore wind power plans could see it produce SAF from around 2030 but "significant progress" is needed to develop SAF at scale.
Market prices for Renewable Fuel Standard credits are falling
The prices of ethanol and biomass-based diesel renewable identification number credits—the compliance mechanism used for the Renewable Fuel Standard program administered by the U.S. Environmental Protection Agency—each fell by more than one third between September 1 and October 16.
Russian wholesale gasoline prices decline, diesel stable
Russian wholesale gasoline prices declined, while diesel was stable, with both remaining far below the levels seen on Sept. 21 when Russia introduced a ban on fuel exports to tackle high prices and shortages.
Mexico restricts imports of dozens of petroleum and petrochemical products
Mexico has put restrictions on the import of dozens of refined petroleum and petrochemical products to curb fuel theft and adulteration including certain types of gasoline and diesel, jet fuel and additives.
Philippines seeks gasoline price cut with higher ethanol blend
The Philippine government aims to lower domestic pump prices for gasoline by calling for a higher ethanol blend of 20% on a voluntary basis, from the current mandatory 10%.
Vitol to launch specialist biofuel bunker barges in early 2024
Global energy trader Vitol will be delivering specialized bunker barges at Singapore in early 2024, and will be able to offer a range of biofuel blends through its subsidiaries V-Bunkers and Vitol Bunkers.
Saudi minister says oil firm acquisitions show that hydrocarbons 'here to stay'
Saudi Energy Minister Prince Abdulaziz bin Salman said that acquisitions by major oil firms such as Chevron's $53 B all-stock deal to buy Hess showed that hydrocarbons were here to stay.
Evergreen and CIP team up to explore green shipping fuels
Evergreen Marine Corporation and Copenhagen Infrastructure Partners have signed a Memorandum of Understanding to jointly explore production and usage of carbon-neutral e-fuels.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
