Economics

Russia in favor of extending partial gasoline export ban

Russian government is in favor of extending its partial gasoline export ban, which is in force until the end of August, to September and October

Nigeria's fuel traders struggling to secure gasoline from refurbished state refineries

Nigerian fuel traders are struggling to secure gasoline supplies from two newly refurbished state-run refineries six months after they were declared operational, they say, leaving them reliant on the privately owned Dangote oil refinery and imports.

Germany's VCI says chemical sector sales grew 1.8% in Q1 of this year

Quarterly sales in Germany's chemical industry grew 1.8% from last year, helped by higher demand and pull-forward effects from U.S. customers stocking up

Brazilian sugarcane processors mulling switch to more ethanol production

Some sugarcane processors in Brazil are closely following the price gap between sugar and ethanol and could start making more of the biofuel if sugar prices continue to fall and oil prices continue their recovery from recent lows.

Fuji Oil cancels Japanese biofuels plant due to high construction costs

Fuji Oil has decided to cancel plans to build a biofuels manufacturing plant at the Sodegaura refinery in Chiba, Japan, due to higher-than-expected construction costs.

Insight: Lifting U.S. sanctions on Iran could crush China’s 'teapot' oil refineries

The possible lifting of U.S. sanctions on Iran's oil exports could deal a fatal blow to independent Chinese refineries that have thrived by processing Tehran’s discounted crude, while also putting further downward pressure on oil prices.

hte, Mitsubishi Chemical partner to screen MMA oxidation catalysts

hte signed a contract with Mitsubishi Chemical to provide research services for the screening of MMA oxidation catalysts. The research project included an accelerated aging study, with the aim to qualify a catalyst with extended lifetime properties for the commercial operations.

U.S. EPA to rule on backlog of small refinery biofuel exemption requests

There are 161 applications for exemptions from the U.S. Renewable Fuel Standard pending. The EPA's decision will have significant implications for the multi-billion-dollar credit market that underpins the biofuel program.

UAE to up value of U.S. energy investments to $440 B by 2035

The United Arab Emirates plans to raise its energy investments in the United States to $440 B in the next decade, it said on Friday, boosting U.S. President Donald Trump's efforts to secure major business deals on a Gulf tour.

Topsoe’s technology chosen by Zhongneng Yida for 400,000-tpy SAF plant in China