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Economics

Renault to maintain mixed ethanol combustion engines in Brazil

Renault will maintain production of ethanol-fueled combustion vehicles in Brazil, where nine in 10 cars are equipped to run on a mixture of gasoline and the biofuel as fully EV need more government support.

South Korea's SK Energy offers more October gasoil

South Korea's SK Energy, owned by SK Innovation, is offering more October-loading 10 ppm sulfur gasoil for sale, after selling around nine cargoes in the past few weeks.

Portugal's Galp to invest $426 MM in biofuels with Japan's Mitsui

Portuguese oil company Galp said it had teamed up with Japan's Mitsui to invest $426 MM in an industrial-scale plant to produce biodiesel and biojet fuel from waste at its Sines refinery.

Oil prices steady as Russia eases fuel export ban

Oil prices held steady after Russia relaxed its fuel ban, taking the edge off earlier gains on a tighter supply outlook and wariness over interest rates that could curb demand.

Germany's Scholz aims high on green jet fuel output

Chancellor Olaf Scholz set out Germany's ambitions to become a strategic production center for sustainable jet fuel and to lure investment to build on its importance as one of aerospace group Airbus' manufacturing centers.

ORLEN partners with Yokogawa to develop cutting-edge technology for SAF production

ORLEN and Yokogawa Europe announce they have joined forces to initiate industrial-scale production of carbon neutral SAF.

Oil prices rise as Russia fuel export ban stokes supply concerns

Oil prices rose as renewed global supply concerns from Russia's fuel export ban counteracted fears that slowing economies and high interest rates could crimp demand.

Port Arthur LNG Phase 2 Project receives Federal Energy Regulatory Commission authorization

Sempra Infrastructure, a subsidiary of Sempra, today announced that the Federal Energy Regulatory Commission (FERC) has approved the permit authorizing the Port Arthur LNG Phase 2 expansion project under development at Port Arthur LNG in Jefferson County, Texas

EU set to demand e-fuel cars have no climate impact

The European Union is set to demand that cars running on e-fuels must be 100% carbon neutral if they are to be sold beyond 2035, a draft document showed, after Germany demanded e-fuel cars be exempted from the phase-out of new polluting vehicles.

Ethanol groups slam U.S. EPA advisors for report on fuel's 'minimal' climate benefit

The ethanol and corn industries slammed an advisory board to the U.S. Environmental Protection Agency for a draft report that found there could be little climate benefit to using corn-starch ethanol as a fuel, compared with gasoline.