Economics
UAE's Fujairah January marine bunker sales rise to five-month highs
Marine bunker fuel sales at Fujairah port in the United Arab Emirates recovered to five-month highs in January, latest data showed, in line with stronger refueling demand globally following Red Sea events.
Singapore to impose green fuel levy on flights from 2026
Travelers will need to bear the cost of the transition towards green jet fuel, Singapore's transport minister said as he announced the city state's plans for a levy on flight ticket prices as the aviation industry seeks a viable funding model.
Aircastle announces investment commitment to SAF fund
Aircastle Limited announced that it has made an investment commitment to the United Airlines Ventures' Sustainable Flight Fund.
Evergreen Marine and X-Press Feeders sign MOA for green methanol shipping routes in Europe
Evergreen Marine Corporation has signed a MOA with X-Press Feeders to place its containers on X-Press Feeders’ new dual fuel green methanol vessels.
Russia cuts fuel oil supplies by rail for further export by 1.2% in January
Russia reduced fuel oil supplies via rail for further export by 1.2% in January from the same month a year ago and by 6.2% from December amid refinery outages.
India resumes buying Russian Sokol oil after 2-month hiatus
India has resumed imports of Russian Sokol oil after a two-month gap with at least two refiners so far taking deliveries of the light sweet crude in February.
Fire at Equinor's Mongstad, Norway oil refinery extinguished
Equinor said in a statement that the fire, in an electrical kiosk at the refinery, had been extinguished and that emergency personnel were sent for routine medical follow-up.
U.S. refinery M&A stalls as buyers shun aging assets, uncertain future
The U.S. oil industry saw nearly $200 B in upstream deals last year, but the refining sector missed out despite plenty of willing sellers as the energy transition away from fossil fuels accelerates and casts doubt over the long-term value of aging U.S. refineries.
Marathon's Detroit refinery workers aim to work out contract without strike, union says
Teamsters, one of America's biggest unions, said it wants to negotiate a new contract with Marathon Petroleum for its members at the Detroit refinery without having to go on a strike.
Heidelberg Materials North America announces latest step in Edmonton CCUS Project
Heidelberg Materials North America announced a significant milestone in its two-stage competitive procurement process as it works to select the capture technology and contractor for providing the CO2 separation solution for its Edmonton, Alberta, Carbon Capture, Utilization, and Storage Project.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
