Economics
High imports, soft summer demand weigh on U.S. gasoline
Gasoline prices have been in a lull in recent months, a boon for Americans traveling this summer. Consumers endured record prices at the pumps after Russia's 2022 invasion of Ukraine upended energy markets.
Europe's chemical industry seeks a lifeboat to stay in business
Europe's petrochemical industry is unravelling under a wave of plant closures after years of losses and a rapid expansion of global capacity led by China.
Russia’s Rosneft slams EU sanctions on India's Nayara refinery
The European Union's 18th package of sanctions against Russia over the conflict in Ukraine, was approved on Friday and is aimed at dealing further blows to Russia's oil and energy industry.
Closures, disposals reshaping the global petrochemical sector
A wave of closures and disposals is reshaping the global petrochemical sector as companies around the world rethink their exposure to markets as they adjust to capacity build-up in China and higher costs in Europe.
Oil prices rise after new EU sanctions on Russia
The EU reached an agreement on an 18th sanctions package against Russia over its war in Ukraine, which includes measures aimed at dealing further blows to Russia's oil and energy industries.
China's refined oil exports dip 0.6% in June but hit 12-month high
China's exports of refined products, including diesel, gasoline, aviation fuel and marine fuel, fell 0.6% year-on-year to 5.34 MMt in June, though the figure marked the highest monthly total since June 2024.
What's in the EU's 18th sanctions package against Russia?
Here are the details of the European Union's 18th sanctions package against Russia over its war in Ukraine, approved on Friday and aimed at dealing further blows to Russia's oil and energy industry.
China's surplus crude oil surges in June, giving refiners options
China accelerated the pace at which it is building crude oil stockpiles in June as the strongest imports in almost two years outweighed a rise in refinery processing.
China state refiners ramp up output on rising demand, stock rebuild
Chinese state-owned refiners are ramping up output after completing maintenance to meet higher third-quarter fuel demand and to rebuild diesel and gasoline stocks which are at multi-year lows.
Argentina raises biofuel prices for domestic market
The Argentine government raised the prices of biofuels for mandatory local blending on Monday.
- Honeywell collaborates with SAF One and Tata Projects to enable sustainable aviation fuel production 1/29
- Casale and OMNI Sign MoA to jointly advance waste-to-green methanol and hydrogen technologies 1/29
- GIZ and thyssenkrupp nucera partner to advance green hydrogen and power-to-X markets in India 1/29
- IACS issues new Unified Requirement on ammonia release mitigation systems 1/29
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project 1/29
- CF Industries, POET launch low-carbon fertilizer pilot to cut ethanol production carbon intensity 1/29
