Economics
S&P analysis: Global refined product demand growth likely to weaken, absolute decline cannot be ruled out
Despite the announced pause in U.S. tariffs, recent market volatility and ongoing uncertainty are going to have a dramatic impact on global refined product demand, a new analysis S&P Global Commodity Insights analysis says.
U.S. targets China oil storage terminal in new Iran-related sanctions
The Trump administration imposed sanctions on Iranian oil trading networks on Thursday, including on a China-based crude oil storage terminal linked via a pipeline to an independent refinery, just days before talks between the U.S. and Iran.
TransTech and Metalforms complete acquisition of Koch Heat Transfer's assets
TransTech Group has completed the acquisition of Koch Heat Transfer’s international assets and intellectual property through its subsidiary, Metalforms LLC. The transaction includes Koch Heat Transfer’s European assets and global rights to its proprietary BROWN FINTUBE® Products and TWISTED TUBE® Heat Exchanger Technologies.
Russia lacks infrastructure to replace U.S. LPG for China
Russia's exporters of liquefied petroleum gas (LPG) are unlikely to be able to provide enough LPG to make up for U.S. supplies disrupted by tariffs, traders said on Thursday, citing a lack of infrastructure.
Analysis: U.S. refiners unlikely to spend big to process more domestic oil
U.S. refiners are not planning to make big-ticket investments to process more domestic crude and less oil from top suppliers Canada and Mexico, industry sources and analysts said, an obstacle to President Trump's plan to boost oil output.
China petchem plants face shutdown as tariffs on U.S. LPG loom
Chinese petrochemical makers that buy $11 B worth of U.S. liquefied petroleum gas (LPG) annually are poised to cut output or shut for maintenance in coming weeks as Beijing's retaliatory tariffs on U.S. imports drive up costs.
Angola's Sonangol seeks $4.8 B to bridge Lobito refinery funding gap
Angola's Sonangol is in talks with Chinese and European banks to overcome a $4.8-B funding shortfall for its planned 200,000-bpd Lobito refinery.
Indian Oil Corp to build $7.1-B dual-feed cracker in Odisha state
Indian Oil Corp will build a $7.1-B, 1.5-MMtpy dual-feed naphtha cracker near its Paradip refinery in Eastern Odisha state,
bp halts plans to make clean jet fuel at Spain plant
bp has decided to halt plans to produce clean jet fuel at its Castellon oil refinery in Spain. The decision to pause the biofuel investment was driven by weaker-than-anticipated growth in the market.
China teapot oil refiners improve run rates but demand woes, sanctions weigh
Run rates for China's struggling independent oil refiners have nudged up recently, but still face near-term pressure over tepid domestic fuel demand and supply risks from U.S. sanctions and tariffs.
- Honeywell collaborates with SAF One and Tata Projects to enable sustainable aviation fuel production 1/29
- Casale and OMNI Sign MoA to jointly advance waste-to-green methanol and hydrogen technologies 1/29
- GIZ and thyssenkrupp nucera partner to advance green hydrogen and power-to-X markets in India 1/29
- IACS issues new Unified Requirement on ammonia release mitigation systems 1/29
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project 1/29
- CF Industries, POET launch low-carbon fertilizer pilot to cut ethanol production carbon intensity 1/29
