Economics
Air Europa to fly to Havana with Cepsa's second-generation biofuels
Cepsa and Air Europa have sealed an alliance whereby the energy company will supply 14.4 tons of SAF to the airline for one year to cover the first monthly Madrid-Havana flight.
Azure announce plans to develop an SAF production facility in Kansas
Once fully operational, the facility will produce approximately 135 MM gallons per year of renewable fuels, primarily SAF.
U.S. fuel inventories surge as refiners boost runs, post holiday lull
U.S. gasoline and distillate inventories posted large builds last week as demand slipped, while crude stocks fell more than expected.
Biden administration slowly puts oil back into the SPR emergency stash
The administration of President Joe Biden is slowly putting oil back into the Strategic Petroleum Reserve, after selling a record amount from the emergency stockpile in 2022.
Japan's Toa Oil shuts 70,000 bpd Keihin CDU due to glitch
Japanese refiner Toa Oil, a unit of Idemitsu Kosan, has shut a 70,000 bpd sole CDU at the Keihin refinery, near Tokyo, due to a system glitch.
India to sign 5-year energy MoU with Guyana
India approved signing a 5-year MoU with Guyana to cooperate in the hydrocarbon sector as the South Asian nation looks to diversify its oil import sources.
Iran's oil trade with China stalls as Tehran demands higher prices
China's oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply for the world's biggest crude importer.
OPEC December oil output rises by 70,000 bpd
OPEC and allies, known as OPEC+, agreed to cut their output target by 2 million barrels per day from November 2022 through 2023. As part of this, the 10 OPEC members bound by the deal had a target to produce 25.416 million bpd.
Singapore fuel oil inventories hit about five-month highs
Onshore inventories of residual fuel rose to nearly five-month highs at key trade hub Singapore this week.
Saudi Arabian companies warn Aramco fuel price hike may curb earnings
Scores of Saudi Arabian companies said their earnings could be dampened this year as production costs will increase after state energy group Saudi Aramco notified them it would sharply raise feedstock and fuel prices.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
