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Economics

Malaysia's palm oil board, Petronas to study use of palm waste as aviation fuel

Malaysia's palm oil board and state oil firm Petronas have signed an agreement to study the use of used cooking oil and palm oil waste as sustainable aviation fuel.

U.S. gasoline prices at year high, tight supply weighs on motorists

U.S. motorists hoping to squeeze out one last trip before the Labor Day holiday and school begins are finding pump prices that have surged to their highest level this year on tighter gasoline supplies.

Decarbonization group's biofuel bunkering trial finds 20% drop in emissions

The Global Center for Maritime Decarbonization found net carbon emissions fell 20% using a vegetable oil biofuel blend compared with very low sulfur fuel oil in a trial for a dual-fuel LPG carrier, the center said

Indonesia launches WTO dispute over EU duties on biodiesel imports

Indonesia has requested World Trade Organization dispute consultations with the European Union regarding the bloc's imposition of duties on imports of biodiesel from the Southeast Asia nation.

Lawmakers urge Biden to resolve offloading delay of seized Iran oil tanker

U.S. lawmakers from both political parties have urged President Joe Biden and members of his administration to resolve a months-long delay in the transfer of a cargo of oil from a seized Iranian tanker off Texas.

Syria slashes gasoline subsidy, boosts public-sector salaries

Syria has raised prices of gasoline and other petroleum products again, officials and state media said, as the government gradually lifts subsidies to boost public finances in an economy strained by an over decade-old war.

Petrobras CEO says no pressure from govt on fuel prices

Brazil's Petrobras was not pressured by the federal government to refrain from raising local fuel prices, its CEO said, after the state-run oil company announced a major hike in gasoline and diesel prices to track an "abrupt" global spike.

Brazilian grain giant Caramuru begins soybean-based ethanol sales

Brazilian food and fuel processor Caramuru Alimentos, one of the country's largest grain crushers, has started selling soybean-based ethanol at one of its plants in center-western Brazil.

Strathcona: The road to renewable fuel

The renewable diesel facility at the Strathcona refinery near Edmonton, Canada, will soon help pave the way to a lower-emission future.

ScanOcean first to sell Neste’s marine fuel in Sweden

Neste and ScanOcean have brought Neste’s marine fuel enabling lower greenhouse gas emissions to the Swedish market.