Economics
Biofuels are displacing petroleum-based distillate fuel oil consumption on the West Coast
Last year, U.S. West Coast distillate consumption, as measured by product supplied, was at its lowest since 2002 and is on track to fall further this year.
Fertilizer company OCI bets big on climate-friendly ammonia
Without a single sales contract in hand, Dutch fertilizer company OCI is building a $1-B plant in Texas to produce ammonia with low greenhouse gas emissions, a gamble requiring heavy government subsidies, new markets and a contingency plan.
Oil prices up 2% to 6-week high on supply concerns
Oil prices climbed about 2% to a six-week high as supply concerns outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil.
IndianOil & Praj to form JV for building biofuels production capacities in India
In a significant development today, Indian Oil Corporation Limited and Praj Industries Limited signed a term sheet to advance plans to strengthen biofuels production capacities in India.
Asia oil markets eye Kuwait Al Zour's exports as final CDU starts up
Oil markets in Asia are bracing for further growth in exports from Kuwait's newest Al Zour refinery as the complex started up its third and final crude distillation unit this week, with trade sources saying the full impact was likely to be felt later in the third quarter as it ramps up operation.
Iran seizes tanker with 900 tons of 'smuggled fuel'
Iran's Revolutionary Guards seized a tanker holding 900 metric tons of "smuggled fuel" and 12 crew members based on a court order, a report by the semi-official Fars news agency said.
U.S. crude, gasoline inventories fall more than expected
U.S. crude stocks drew more than expected on strong refining demand, while gasoline inventories posted a large draw after an increase in driving last week, the Energy Information Administration said.
thyssenkrupp Uhde Oleochemicals Thailand wins contract for alkoxylation reactor unit
thyssenkrupp Uhde Thailand has been awarded a contract by BASF for engineering services and proprietary equipment supply for its new non-ionic surfactant plant at its Zhanjiang Verbund Site Project, Guangdong Province, China.
Nigeria's petrol use down 28% after subsidy scrapped, regulator says
Nigeria's average daily petrol consumption has fallen by 28% since President Bola Tinubu scrapped a popular but costly subsidy on the fuel at the end of May, data from the industry regulator shows.
Venezuela's PDVSA freezes petcoke deliveries to Maroil amid contract dispute
Venezuela's state-run oil company PDVSA has suspended deliveries of petroleum coke to a company owned by a Venezuelan shipping magnate amid a commercial dispute over a sales contract, two sources with knowledge of the decision said.
- Methanex and Entropy partner to reduce emissions in methanol production 7/18
- Gulf Energy Information appoints Catherine Watkins as Chief Commercial Officer to drive market expansion (1) 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
- CF Industries, POET to demonstrate use of low-carbon ammonia fertilizer to reduce carbon intensity of corn production and ethanol 7/18
- Renewi, Freepoint Eco-Systems to build waste plastic sorting and treatment infrastructure 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
