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Economics

Nigeria's NNPC now sole petrol importer

Nigeria's national oil firm NNPC Ltd has again become the sole importer of petrol because licensed local private firms are unable to obtain foreign currency four months after imports were opened up to private players.

India's September fuel demand slips 2% month-on-month

India's fuel consumption dropped 2% month-on-month in September, data from the Petroleum Planning and Analysis Cell of the oil ministry showed.

OPEC leaders make case for fossil fuels at Riyadh climate event

OPEC heavyweights said oil and gas should not be stigmatized in the climate debate and that the industry had a role to play in an orderly energy transition.

CPChem, QatarEnergy finalize financing on Ras Laffan, Qatar, petrochemicals project

Ras Laffan Petrochemicals, a joint venture company owned 30% by Chevron Phillips Chemical and 70% by QatarEnergy, announced that it has secured $4.4 B to finance an integrated polymers facility to be located in Ras Laffan Industrial City, Qatar.

Vietnam's largest refinery Nghi Son restarting after maintenance

Vietnam's largest refinery, Nghi Son, is in the process of a restart after major maintenance that began late August.

Indonesia's Jan-Sept biodiesel consumption at about 2 T gallons

Indonesia's consumption of palm oil-based biodiesel for the first nine months of this year was about 2 trillion gallons.

Russia keeps ban on gasoline exports and cross-border sales of diesel by railway

Russia's ban on gasoline exports and cross-border sales of diesel by railway remains in place.

Russia resumes seaborne diesel exports after partially lifting ban

Russia, the world's top seaborne exporter of diesel just ahead of the United States, resumed exports of the fuel on after it lifted its ban on most fuel exports following a decline in domestic wholesale prices.

Las Vegas (U.S.) airports to offer SAF for flights from NBAA’s 2023 convention

Aircraft flying into Las Vegas’ three airports for the 2023 National Business Aviation Association - Business Aviation Convention & Exhibition will have an opportunity to fuel up with SAF, an innovation central to the industry’s goal of achieving net-zero carbon emissions in the years to come.

World Energy and Microsoft join forces to drive aviation decarbonization through ten-year contract for SAFc

World Energy, the SAF producer and low-carbon solutions provider, announced a long-term agreement with Microsoft to accelerate the decarbonization of corporate air travel and its supply chain cargo through the purchase of SAFc.