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Economics

Cologne Bonn Airport switches to Neste MY Renewable Diesel in its entire diesel-powered ground fleet

Cologne Bonn Airport has switched to Neste MY Renewable Diesel in its diesel-powered ground fleet.

E-fuels: Axens, Paul Wurth, IFPEN agree to co-develop Reverse Water Gas Shift tech

Axens, SMS group subsidiary Paul Wurth and IFP Energies Nouvelles signed a co-development agreement for the optimization of the Reverse Water Gas Shift technology and its integration into e-fuel projects.

Japan gasoline prices hit record high

Japan's nationwide average retail price of regular gasoline rose by 1.9 yen to a record high 185.6 yen ($1.27) per liter over the week to Aug. 28, marking the 15th consecutive weekly increase.

Indonesia's Pertamina plans more biofuel products, ethanol imports in 2024

Indonesian state energy company Pertamina plans in 2024 to mix more of its gasoline products with ethanol in a bid to offer alternative fuels to the public.

PetroChina reports record interim net profit on refining surge

State-owned energy giant PetroChina reported a record-high net profit for the first half of the year, driven by increased oil and gas output and resurgent refined fuel sales.

Russia does not rule out oil export cuts in October

Russian Deputy Prime Minister Alexander Novak said that Russia may extend oil export cuts to the month of October and has fully met its obligations to reduce supply in August.

Oil edges up on U.S. crude stockpile draw, hurricane jitters

Oil prices extended gains after U.S. government data showed tighter-than-expected crude supplies in the world's biggest fuel consumer, while a hurricane in the Gulf of Mexico kept investors on edge.

U.S. EPA waives anti-smog gasoline rules for Texas county after refinery outages

The EPA has issued an emergency waiver in El Paso County, Texas of rules governing gasoline vapor pressure linked to ozone pollution, or smog, due to a fuel supply emergency caused by unplanned outages at two refineries.

Kuwait's Al Zour refinery offers first fuel oil tender since June

Kuwait's Al Zour refinery has issued a fuel oil sales tender for the first time in more than two months.

Japan considering extending gasoline subsidies to year-end

Japan's government is considering extending until year-end fuel subsidies to keep gasoline prices below 180 yen a liter, while working on a supplementary budget to finance broader measures.