Economics
Oil rebounds on fading risk of U.S. debt default
Oil prices rebounded from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default.
Ma’aden exports blue ammonia to China’s Shenghong Petrochemicals
Saudi Arabian Mining Company (Ma’aden), announces that it has exported its first shipments of low-carbon blue ammonia to China, in a significant milestone for the company’s journey as a green leader, as it helps key markets across the globe to reduce carbon emissions from supply chains.
Oil prices slide 2% as strong US economic data boosts dollar
Oil prices slid about 2% after solid U.S. economic data spurred the dollar to a two-month high on growing expectations the U.S. Federal Reserve could raise interest rates again in June.
China's Sinopec agrees terms for potential Kazakhstan polyethylene investment
China's Sinopec and Kazakh state-owned oil and gas company KazMunayGaz have agreed key terms for a potential investment in a polyethylene plant in Kazakhstan's western Atyrau region.
Shell reports 'operational upset' at unit in Singapore complex
A unit at Shell's Pulau Bukom refinery and petrochemical complex in Singapore experienced an "operational upset".
India plans to fill Mangalore SPR with 5.5 MM barrels of oil after Oct
India plans to import about 5.5 million barrels of crude oil after October to fill part of its Mangalore strategic petroleum reserve in southern Karnataka state and may change the crude grade at another facility.
Maire Tecnimont wins deal to design $1.5-B polypropylene plant in Vietnam
Vietnam's Stavian Quang Yen Petrochemical JSC said it had awarded a contract to design a $1.5-B polypropylene plant in the country to Italian engineering group Maire Tecnimont.
Oil prices dip with all eyes on U.S. debt talks
Oil prices dipped as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging in the previous session on optimism over U.S. fuel demand.
U.S. refiners build new oil processing as travel rises
U.S. oil refiners aim to run at up to 94% of a total 17.9 million bpd processing capacity this quarter, according to company forecasts and analysts, driven in part by expectations of seasonal travel demand.
Crews responding to fire at Valero's Corpus Christi refinery
Crews are responding to a fire within the 290,000 barrel-per-day Valero Energy Corp's Corpus Christi West refinery in Texas, according to a community alert.
- Ineos to invest £150 MM at Grangemouth site 12/17
- KBR’s methanol technology selected by Fikrat Al-Tadweer for the first biomethanol plant in Saudi Arabia 12/17
- Petrobras strike hits eight refineries on second day 12/17
- Shell seeks buyers for stake in Germany's Schwedt refinery 12/17
- Digital Exclusive: Root cause analysis on hydrochloric acid corrosion in a diesel hydrotreater unit 12/16
- Digital Feature: Enabling growth through strategic cost optimization for petrochemical and refining companies 12/16
