Economics
European Commission begins Phase II review of Dow/DuPont merger
DuPont and The Dow Chemical Company confirmed that the European Commission (EC) has initiated a Phase II review for the proposed merger of equals transaction of the two companies.
Singapore refinery profits at two-year low as naphtha joins glut
Singapore's oil refining profits dropped to two-year lows, in the latest sign that the industry is pumping out too much fuel for the market to absorb.
Global glut of oil products threatens crude recovery
Gasoline and diesel stockpiles have swollen to record highs across the globe, leaving refiners and traders few places to dump excess supplies and threatening large-scale production cuts that could derail an oil price recovery.
ARC study names Implico a market leader of terminal automation systems in EMEA
International software and consulting company Implico remains a market leader of terminal automation systems in Europe, the Middle East and Africa (EMEA) region, according to the most recent market study conducted by ARC Advisory Group.
BP seeks buyers for its half of China petrochemical venture
British oil major BP is seeking buyers for its 50% stake in Chinese petrochemicals joint venture SECCO, its largest investment in China.
Idemitsu family issues fresh call for management to end Showa Shell merger
The founding family of Japan's Idemitsu Kosan Co. Ltd. has made a fresh call on management to give up its plan to merge with rival oil refiner Showa Shell Sekiyu KK.
Eni reaches deal with Exxon on Mozambique gas project
Italian oil firm Eni has wrapped up long-running talks to sell a multi-billion dollar stake in its planned Mozambique LNG development to Exxon Mobil.
China fuel exports hit record in July, crude imports up 1.2%
China's fuel exports rose to a record in July as easing demand growth and a surplus in refined oil products pushed refiners to increase shipments to overseas buyers.
Essar Oil to upgrade Vadinar refinery
Essar Oil Ltd.’s 20 MMtpy Vadinar refinery is looking at earning an additional $1.50/bbl crude on its Gross Refinery Margin.
Trafigura extends credit to China teapots to boost crude sales
Trafigura has extended the credit period for two independent Chinese refiners to buy crude, marking a more aggressive push by the global commodity trader to feed the growing appetite of so-called "teapot" refiners to import oil.
- Malaysia plans to produce sustainable jet fuel in 2027 11/27
- ADNOC launches $80-B low-carbon energy and chemicals investment company 11/27
- Chevron sees California's fuel inventory law raising prices for customers 11/27
- Clariant’s MegaMax™ catalysts to power China’s first biomass-to-green methanol project 11/27
- easyJet, Renavia and WFS sign MoU for long-term supply of SAF 11/27
- Cyclyx to invest in second Cyclyx Circularity Center 11/27
