Economics
bp to use Honeywell’s Ecofining technology to increase SAF production worldwide
Honeywell announced that bp selected its Ecofining technology to help support the production of SAF at five facilities.
Nigeria to triple petrol prices after president says subsidy to end
Nigeria's state oil firm NNPC Ltd is proposing hiking petrol prices to as high as 557 naira ($1.21) per liter from 189 naira, according to a circular it sent to fuel stations.
Oil slips as economic jitters offset U.S. debt deal
Oil prices slipped as economic worries over further interest rate hikes trumped a tentative debt ceiling deal reached in the U.S., possibly averting a default in the world's largest economy and oil consumer.
Turkey's Urals oil purchases hit seven-month high in May
Turkey's purchases of Russian Urals oil hit a seven-month high in May as Turkish refiners took advantage of low prices for the grade.
Saudi diesel imports from Russia, exports to Singapore hit records
Leading crude exporter Saudi Arabia is maximizing refining profits by importing unprecedented amounts of cheap Russian diesel and in turn shipping record volumes to Singapore, where the fuel can achieve higher margins, shiptracking data shows.
China's fuel oil imports soar as inspections curb bitumen blend intake
China's independent oil refiners are ramping up fuel oil imports to process into gasoline and diesel amid robust refining margins as ongoing cargo inspections at refining hub Shandong have cut off supplies of lower-priced feedstock bitumen blend.
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.
- 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
