Economics
Oil climbs after U.S. leaders strike provisional debt deal
Oil prices rose in early Asian trade after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world's largest economy and oil consumer.
ITOCHU to become an official distributor of Neste MY Renewable Diesel in Japan
Neste and ITOCHU have agreed to extend their collaboration with a licensing agreement allowing ITOCHU to become an official distributor of Neste MY Renewable Diesel in Japan.
Eni and RINA sign partnership to develop HVO maritime biofuel
RINA and Eni have signed an agreement to jointly develop initiatives that can contribute to the energy transition and decarbonization of their respective operations and particularly maritime transport.
Asia's sustainable aviation fuel projects and agreements
Malaysian Aviation Group has signed a sustainable aviation fuel offtake agreement with Petronas Dagangan, as part of efforts to develop the green fuel on a commercial scale in Malaysia.
ConocoPhillips to buy rest of Canada's Surmont oil site, bumping Suncor
ConocoPhillips said it was buying the 50% stake in the Surmont oil facility held by TotalEnergies' Canadian subsidiary for about $3 B, giving it full ownership and elbowing away rival Suncor Energy.
Nigeria's NNPC sets agreements with Total, CNOOC on deepwater oil block
Nigeria's state-owned oil company NNPC Ltd said it had renewed a production sharing contract with Total, China National Offshore Oil Corp and others, a major step to resolving disputes on a deepwater oil block in the Niger Delta.
U.S. motorists kick off summer driving season with tame gasoline pricing
U.S. motorists are enjoying a so-called Goldilocks market, or one that is considered "just right," for gasoline.
Oil prices up amid OPEC+ supply cut uncertainty
Oil prices ticked up as the market weighed conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting.
Russia leaning towards leaving oil output unchanged ahead of OPEC+ meeting
Russia is leaning towards leaving oil production volumes unchanged ahead of an OPEC+ policy meeting in June because Moscow is content with current prices and output.
Air Products signs $1-B deal for processing facility in Uzbekistan
Industrial gases maker Air Products and Chemicals said it had signed a $1-B deal with the Republic of Uzbekistan government and Uzbekneftegaz JSC to acquire, own and operate a natural gas processing facility in the country.
- 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
