Economics
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.
Caught between riots and debt crises, African countries cut fuel subsidies
Senegal, like Nigeria and Angola, is removing costly fossil fuel subsidies – a move once considered politically unthinkable but which has become a necessity due to crushing debt, a spike in borrowing costs and high fuel prices.
India tops Russian Urals oil purchases in June as China retreats
India bought 60% of all Russian Urals oil exports in June with strong demand from all refiners, while shipments to China dropped to just 7% as independent refiners slowed buying, trading sources and data showed.
Russia's seaborne diesel exports rise in June as maintenance eases
Russia's seaborne diesel and gasoil exports in June rose by 13% from a month earlier to about 3.6 million tons as seasonal refineries maintenance eased, data from traders showed.
Topsoe technology supports HF Sinclair’s renewable fuels production in the United States
Topsoe was selected by HF Sinclair as a technology provider for their production of renewable fuels at three facilities: Sinclair, Cheyenne and Artesia.
Japan's NYK, GCMD sign 5-year agreement for low-carbon shipping collaboration
Japan's leading shipping company NYK has signed a 5-year contract with the Global Centre for Maritime Decarbonisation to collaborate on low-carbon solutions for shipping.
LG Chem: considering ways to lift competitiveness of petrochemical business
South Korean petrochemical operator LG Chem said it is considering various ways of improving the company's competitiveness.
- bp's Whiting refinery union workers reject contract extension 2/2
- China's CNPC set to restart Dalian refinery to process Russian oil 2/2
- Dow announces 2029 startup of Phase 1 of its $7.5-B Path2Zero ethylene project 2/2
- 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
