Economics
U.S. EPA to release biofuel blending mandate rule by June 21 after delay
The U.S. Environmental Protection Agency is expected to release a final rule on biofuel blending volume mandates for the years 2023-2025 by June 21, after seeking a one-week extension on a deadline for the rule.
Global distillate stocks low despite industrial slowdown
Global distillate fuel oil cracks have strengthened slightly over the last month as inventories have not risen as much as expected given the scale of the manufacturing and freight downturn across the major economies.
Neste enables Cargolux to become the first airline to use SAF at Luxembourg Airport
Cargolux became the first airline to uplift sustainable aviation fuel at Luxembourg Airport with the use of the fuel on a celebratory cargo flight.
bp's Toledo refinery suffered cascade of malfunctions before fatal explosion
Supervisors at bp's Toledo, Ohio refinery opted to keep the plant running despite a series of malfunctions and a petroleum spill in the hours before an accident that killed two workers last year.
Iran, Venezuela eye trade increase, sign petrochemical deal
Iran and Venezuela want to increase bilateral trade to $20 B, up from $3 B, Iranian President Ebrahim Raisi said during a visit to Caracas.
CPGC and BASF accelerate onboard CO2 capture system development
CSSC Power Co., Ltd. and BASF have formed a solid cooperation to expedite the progress of onboard carbon capture system for commercial maritime applications.
Pakistan PM says first discounted Russian crude oil cargo arrives in Karachi
Pakistan's Prime Minister Shehbaz Sharif said the first cargo of discounted Russian crude oil arranged under a new deal struck between Islamabad and Moscow had arrived in Karachi.
Reliance suspends Sikka diesel exports due to cyclone
Reliance Industries , which operates the world's largest refining complex, has suspended exports of diesel and other oil products from India's Sikka port because of a cyclone off the west coast of the country, traders said.
Venezuela's PDVSA resumes operations at El Palito refinery unit
Venezuela's state energy company Petroleos de Venezuela PDVSA has resumed operation at the catalytic cracking unit at the El Palito refinery.
China's Unipec boosts Oman crude sales, caps oil prices despite Saudi cuts
China's Unipec, the trading arm of top Asian refiner Sinopec, has emerged as a major seller of August-loading Oman crude, a move that has helped to cap benchmark prices despite Saudi Arabia's plans to cut output next month.
- 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
- ExxonMobil, Chevron see glimmer of Venezuela's potential, especially in refining its crude 2/2
- Nigeria's Dangote refinery expands gas deals with NNPC to secure fuel for expansion programs 2/2
- Carlyle in talks with potential UAE partners on Lukoil assets 2/2
