Economics
Oil resumes slide on demand worries after latest rate hikes
Oil dropped over 2% and was heading for a weekly decline, as a UK interest rate hike added to concern over economic growth that outweighed lower U.S. crude stocks and other signs of tighter supplies.
Airbus teams-up with LanzaJet to boost sustainable aviation fuel production
Airbus and LanzaJet today announced they have entered into a memorandum of understanding to address the needs of the aviation sector through the production of sustainable aviation fuel.
U.S. crude inventories post surprise draw, fuel stocks rise
U.S. crude stocks fell while gasoline and distillate inventories rose, the Energy Information Administration said.
China's Penglai crude shipments land in Singapore, Malaysia
Two crude cargoes loaded from China's Penglai oilfields arrived at Singapore and Malaysia in May and June, an unusual export from the world's largest crude importer.
IFPEN, Axens and EDF announce signing of MOU to develop "Take Kair" SAF project
IFPEN, Axens and EDF announce that they have signed Memorandum of Understanding to develop "Take Kair", an innovative industrial e-kerosene pilot in Pays de la Loire, which will meet the needs of the new French e-SAF industry.
Sasol and Topsoe to form a future business to accelerate global SAF production
Sasol and Topsoe have signed a landmark agreement to establish a 50/50 joint venture solidifying their commitment to produce sustainable aviation fuels and contribute to global efforts in combating climate change.
MAIRE awarded new contract in IE&CS and STS business units
MAIRE S.p.A. announces that its Integrated E&C Solutions and Sustainable Technology Solutions subsidiaries have been awarded new contracts for an overall value of approximately $260 MM by international clients.
Aviation emissions targets in focus at Paris Airshow
Big deals at this week's Paris Airshow have highlighted a sharp recovery in air travel demand. The sector promises to reduce net emissions to zero by 2050. Green groups say more planes in the sky could hamper those efforts.
Palm falls for second day on smaller-than-expected US biofuel mandate
Malaysian palm oil futures fell for a second day following news of a U.S. plan to implement a smaller biofuel mandate than it had initially proposed.
U.S. EPA finalizes biofuels blending mandates
The Biden administration has increased the amount of biofuels that oil refiners must blend into the nation's fuel mix over the next three years, but the plan includes lower mandates for corn-based ethanol than it has initially proposed, the administration announced.
- KBR to provide technology for mega-scale ammonia plant in Angola 11/25
- Indian refiners' October crude processing up over 3% y/y 11/25
- Air Liquide strengthens partnership with TotalEnergies through renewable H2 project in France 11/25
- Hexagon collaborates with Microsoft to enhance industrial operations 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
