Economics
China climate envoy says phasing out fossil fuels 'unrealistic'
The complete phasing-out of fossil fuels is not realistic, China's top climate official said, adding that these climate-warming fuels must continue to play a vital role in maintaining global energy security.
Biden's IRA drives surge in U.S. imports of Chinese used cooking oil for biodiesel and SAF
Used cooking oil can be refined into fuels such as biodiesel and SAF, which can be blended with conventional fuels to reduce carbon emissions.
Russia's gasoline prices on exchange down almost 10% after export ban
Russian wholesale gasoline Ai-92 grade prices fell by 9.7% to $582 per metric ton, according to exchange data, following a government ban on fuel exports.
Mexico's Energy Secretary authorizes the construction of country's first catalyzer plant
During the 58th Anniversary celebration of the Mexican Petroleum Institute, Rocío Nahle García, the head of Mexico's Energy Secretary, announced the commencement of construction for the nation's first Catalyzer Plant as a vital component of Mexico's energy policy.
Russia cuts September seaborne diesel exports to meet domestic shortage
Russia cut its seaborne diesel and gasoil exports by nearly 30% to about 1.7 million metric tons in the first 20 days of September from the same time in August, as local refineries went into seasonal maintenance and the domestic market faces a fuel shortage and rising prices.
Singapore's middle distillates stocks stable; gasoil net exports slip for second week
Singapore's middle distillates inventories remained above 9 million barrels, official data showed, as net gasoil exports slipped for the second straight week, and jet fuel/kerosene net exports also fell.
Indian chemicals maker Epigral expects revenue from newer CPVC products to surge this year
Indian chemicals maker Epigral will keep diversifying its business and expects the share of revenue from new products to expand significantly this year.
Russia imposes temporary restrictions on fuel exports
Russia has introduced temporary restrictions on exports of gasoline and diesel in order to stabilize the domestic market.
Shell likely to restart Pernis refinery unit by Sept. 25
Shell is tentatively expected to restart a hydrocracking unit at Europe's biggest oil refinery in the Netherlands by Sept. 25 after a leak forced its shutdown on Tuesday, traders said, citing a report from industry monitor IIR.
Europe's refinery output rises 1% m/m in August
European oil refinery output in August rose by 1% from the previous month to 9.73 million bpd.
- 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
