Economics
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.
Kuwait hopes to have higher oil production quota as country ramps up capacity
Kuwait's oil minister said that his country hopes to have a higher oil production quota when it ramps up capacity, and that Kuwait remains committed to OPEC decisions.
Biofuel maker CropEnergies profit falls on lower ethanol prices
German biofuel producer CropEnergies reported a drop in first-quarter core profit, hit by softer ethanol prices and lower production due to maintenance shutdowns.
CPC limits oil intake due to power outage in Kazakhstan
The Caspian Pipeline Consortium has stopped three pumping stations in western Kazakhstan because of a power outage in the region, the CPC said.
Bunge, Chevron acquire Argentina's Chacraservicios to meet renewable diesel demand
Grains merchant Bunge and oil major Chevron said they have acquired Argentina-based agricultural product company Chacraservicios, as the companies look to expand their renewable energy footprint.
INEOS takes step forward in Southern France with the acquisition of TotalEnergies’ petchem assets at Lavera
INEOS has signed a deal to acquire TotalEnergies’ 50% share of Naphtachimie, Appryl, Gexaro and 3TC, which are all currently joint ventures between the two companies.
- KBR to provide technology for mega-scale ammonia plant in Angola 11/25
- China issues extra crude oil import quota to teapot refineries 11/25
- McDermott achieves ISO 50001 Certification for energy management at four fabrication yards 11/25
- DNV certifies first CO2 storage site in Middle East for ADNOC CCS project 11/25
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
