Economics
Egypt to import more mazut fuel oil to manage power cuts
Egypt will import $250 MM up to $300 MM worth of mazut fuel oil to manage power cuts, Egyptian Prime Minister Moustafa Madbouly said.
Nigeria unions to strike unless fuel price hike is reversed
Nigerian labor unions plan to strike to demand a reversal in petrol price hikes and lower public school fees, the Nigerian Labour Congress said.
Saudi Arabia expected to extend voluntary oil cut for September, analysts say
Saudi Arabia is expected to extend a voluntary oil output cut of 1 million barrels per day for another month to include September, five analysts said, to provide additional support for the oil market.
Obscure traders ship half Russia's oil exports to India, China after sanctions
A Liberian-flagged oil tanker set sail in May from Russia's Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had even reached its destination in India, the cargo changed hands.
Gasoil net exports reduce Singapore inventories despite jet fuel from China
Middle distillates stock levels at key trading hub Singapore slipped to their lowest in over four months as robust net exports of gasoil more than offset a surge in jet fuel imports from China, official data showed.
Varo Energy secures $3.3 B in boost to biofuel goals
Refiner and trader Varo Energy secured $3.33 B in its latest financing round, which will help to fund its sustainable energy projects, including its purchase of a stake in northern Europe’s biggest biogas facility.
Repsol to invest more than $130 MM to retrofit plant to produce biofuels
Spanish oil company Repsol will invest more than $132.95 MM to retrofit a decades-old diesel plant to produce second-generation biofuels.
Calumet takes top reign as NA's largest SAF producer
Topsoe delivers its HydroFlex technology. Calumet serves markets in Canada and the US West Coast with low emission fuels.
ENGIE teams up with CMA CGM and Air France-KLM for an industrial-scale renewable fuel platform in Le Havre
As part of the "Grand Canal du Havre" call for projects, through the conclusion of state titles, HAROPA PORT has awarded ENGIE 24 ha of land for the development of a benchmark platform for alternative new industrial fuels embodied by the Salamandre and France KerEAUzen projects.
U.S. crude, fuel stockpiles fell last week
Crude inventories fell by 600,000 barrels in the last week to 456.8 million barrels, compared with analysts' expectations for a 2.3 million-barrel drop.
- Methanex and Entropy partner to reduce emissions in methanol production 7/18
- Abraxas Power awards McDermott ECI contract for Canada's first green ammonia plant 7/18
- ClearSign Technologies to install 26 burners at U.S. Gulf Coast chemical facility 7/18
- Evolution in the rapid, onsite detection of microbial contamination in diesel fuel 7/18
- U.S. crude stocks fall, gasoline and distillate inventories rise 7/18
- Japanese refiners urge early orders from airlines amid jet fuel shortage 7/18
- Digital Exclusive: SPECIAL FOCUS: Digital Technologies—Utilize process simulation digital twin to optimize condensate yield
- Digital Exclusive-Flare system design: Liquid pockets in flare headers
- Hydrogen-rich content gasoline: A new concept for paraffinic gasoline reformulation
- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
