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Economics

Protesters in Libya threaten to shut down oil and gas facilities

Protesters have threatened to shut down two oil and gas facilities near the Libyan capital Tripoli, with one group that is campaigning against corruption issuing a 72-hour ultimatum.

Indonesia's 2024 oil, gas lifting set to fall short of government targets, regulator says

Indonesia's oil and gas lifting this year is likely to fall below government targets, upstream oil and gas regulator SKK Migas said but pledged efforts to fill the gap.

Denmark announces alliance on green fuels in India

Maersk, one of the founding members of the Green Fuels Alliance India, will take a seat on the steering committee as one of the representatives of the maritime industry for the conversations around green fuels.

Bulgaria replacing Russian crude with oil from Kazakhstan, Iraq, Tunisia

Bulgaria is replacing Russian oil imports with crude from Kazakhstan, Iraq and Tunisia in January, according to traders and LSEG data.

Oil tankers divert from Red Sea after U.S., UK strikes in Yemen

At least four oil tankers have diverted course from the Red Sea since overnight strikes by the U.S. and Britain on Houthi targets in Yemen, shipping data from LSEG and Kpler showed.

Korean Air to expand cargo SAF program with Yusen Logistics

Korean Air has partnered with Yusen Logistics, a global logistics company, to further promote the use of SAF in the air cargo industry.

European diesel refining margins rise after Yemen air strikes

Benchmark northwest European diesel refining margins rose to above $30 a barrel as intensifying conflict in the Red Sea increased concerns about potential supply disruptions.

Emerson named ‘Industrial IoT Company of the Year’

Global technology and software leader Emerson has been named the IoT Breakthrough “Industrial IoT Company of the Year” for the sixth year.

Infinium and Mo Industrial Park announce collaboration to develop commercial eFuels project in Northern Norway

eFuels provider Infinium and Mo Industrial Park have signed a Memorandum of Understanding to develop Norway’s first advanced eFuels production facility in Mo i Rana, Norway.

Kuwait's KPC offers high sulfur fuel oil for Feb-Apr

Kuwait Petroleum Corp has issued a semi-term tender offering high sulfur fuel oil for loading between February and April.