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Economics

Pakistan fuel pump operator association calls national strike

Fuel pump operators across Pakistan are to hold a nationwide strike on July 22 in a bid to secure larger margins amid an inflation crisis.

Gazprom Neft's vessels to use biofuel produced from waste cooking oil

Russia's successor to McDonald's has teamed up with energy company Gazprom Neft to fuel marine vessels with biofuel produced using waste cooking oil an effort to lower their carbon footprints.

China's June fuel oil imports at year-to-date high on firm Russian volumes

China's June fuel oil imports hit the highest level for a month so far in 2023, buoyed by firm purchases of Russian oil, data from the General Administration of Customs showed.

NOVA Chemicals announces company’s first mechanical recycling facility operated by Novolex

NOVA Chemicals Corporation has made a significant expansion of its Circular Solutions business today by announcing an investment into developing its first mechanical recycling facility in Connersville, IN.

Higher Brazil ethanol blend would take extra 3.5% sugar from market

The Brazilian government's proposal to increase ethanol blending in gasoline to 30% from 27% currently would lead to using an additional 3.5% of the country's recoverable sugar to make ethanol.

U.S. looks to Mexico for in-demand sour crude barrels

The United States is on track in July to take in higher imports of crude oil from Mexico for a second month, as global demand for sour crudes ramps up following production cuts from OPEC+ that have cut off a pivotal source.

Iraq's massive Total oil deal heralds new revenue-sharing formula

Iraq secured its $27-B oil deal with France's TotalEnergies by offering quicker, less risky payback through greater revenue-sharing, a model it could replicate in the future to lure investors.

Vietnam approves $11.4-B plan to expand fuel storage capacity by 2030

Vietnam has approved a plan to expand its national fuel storage capacity by 2030, with investment of up to $11.4 B.

Brazil's Petrobras touts refining plan as Russian diesel imports jump

Brazilian state-run oil firm Petrobras will double down on its strategy to maximize motor fuel from its local refineries even as it boosts imports of cheap Russian diesel.

A Case for Criteria that Simplify Process Vessel Lining Selection

Process vessels, also known as pressure vessels, deliver a critical function within oil and gas upstream operations. Subjected to elevated temperatures and pressures, these vessels are used to process hydrocarbon mixtures to remove corrosive materials from oil before transport. Linings are frequently used to mitigate corrosion inside process vessels and extend their service lives and maintenance cycles.