Economics
Spain, IEA back Dutch call to phase out fossil fuel subsidies
Spain's energy minister and the head of the International Energy Agency backed the Netherlands' call for an international coalition to phase out fossil subsidies.
India increases windfall tax on petroleum crude, reduces tax on aviation turbine fuel and diesel
The Indian government increased windfall tax on petroleum crude, while reduced it on aviation turbine fuel and diesel, according to a government notification.
Automakers say they face $14 B in fines from Biden's 'unfeasible' fuel rules
The Biden administration proposal to hike fuel economy standards through 2032 is not feasible and could cost automakers a total of more than $14 B in fines.
Cnergyico imports Pakistan's first private-sector Russian crude cargo
Pakistan refiner Cnergyico has imported the country's first private-sector shipment of Russian crude oil as the cash-strapped nation takes advantage of Moscow's discounts on its oil exports.
Singapore Exchange launches its first ammonia futures contracts
The Singapore Exchange launched its first ammonia swap and futures contracts aimed at meeting hedging needs from the power sector as interest in the energy- transition fuel grows.
ADNOC top exec says oil and gas could remain relevant until 2050
Oil and gas will remain a relevant part of the energy mix until potentially 2050, Musabbeh Al Kaabi, Executive Director of Low Carbon Solutions and International Growth at Abu Dhabi National Oil Company said during an energy conference in Abu Dhabi.
Russia's September seaborne diesel exports fall on maintenance, export ban
Seaborne diesel and gasoil exports from Russian ports fell 27% in September from a month earlier to about 2.76 million tons due to a major overhaul of refineries and a fuel export ban.
Beyond sequestration: Changing CO2 from a problem to a solution—Part 2: CO2 as an energy storage medium
As the world continues along its energy transition trajectory, demand for blue hydrogen and reduced carbon emissions will make high-purity carbon dioxide streams available in many process plants.
Sharing insights beyond the fencelines with digital technologies
In refineries and petrochemical plants globally, breaking down silos and barriers among departments, teams and functions remains one of the largest challenges when it comes to processing data and operational insights.
Business Trends: Converting refineries to renewable fuels is no simple switch
Petroleum refineries around the globe are under pressure.
- 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
