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Economics

Dutch firms get up to $49 B annually in fossil fuel subsidies

Industrial companies in the Netherlands get $42-49 B in tax breaks and subsidies annually for using fossil fuels, the Dutch government said in a report aimed at spurring international debate on such subsidies.

Fugro provides geotechnical expertise for clean fuel project in Louisiana

St. Charles Clean Fuels, LLC has contracted with Fugro to provide geotechnical engineering services for an innovative 'blue' ammonia facility in southeastern Louisiana.

Britain delays ban on new petrol and diesel cars to 2035

Britain will push back a ban on new petrol and diesel cars and vans to 2035 from 2030, Prime Minister Rishi Sunak said, adding that the cars would still be available to buy on the secondhand market thereafter

Russian oil producers send CPC Blend to UAE, open new export route

Russian oil producers supplied their first cargoes of CPC Blend crude to the UAE in August and September opening up a new export route as Moscow looks to find new customers and skirt Western sanctions.

India's ONGC willing to wait to regain oil from Russian project

India's state-run Oil and Natural Gas Corp wants to eventually receive a share of crude from a Russian project it partly owns but is willing to wait because Russian oil is hard to ship right now.

China's fuel oil imports ease for second straight month in August

China's fuel oil imports retreated for a second consecutive month in August, data from the General Administration of Customs showed.

Russia remains China's top oil supplier in August, sales up 26%

Russia maintained its spot as China's top crude oil supplier in August, Chinese government data showed, even as discounts on Russian crude continued to narrow and Moscow cut exports.

Why the volatile South Caucasus is important for oil and gas supplies

Azerbaijan is trying to take back control of Nagorno-Karabakh, a breakaway territory controlled by ethnic Armenians, in the latest escalation of a decades-old conflict.

BASF obtains long-term access to bio-based 1,4-butanediol QIRA

BASF is obtaining long-term access to QIRA bio-based 1,4-butanediol from Qore LLC, a joint venture of Cargill and HELM AG.

LanzaJet strengthens collaboration with Technip Energies to accelerate the global deployment of SAF

LanzaJet and Technip Energies announced an agreement to strengthen their exclusive collaboration to support the global deployment of the LanzaJet Alcohol-to-Jet Process technology.