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Economics

Russia to lift remaining restrictions on diesel fuel exports soon

Russia will soon lift remaining restrictions on diesel fuel exports, Deputy Prime Minister Alexander Novak said on Wednesday speaking in the upper house of the parliament.

China October gasoline exports fall 20% on year, diesel shipments up

China's gasoline exports fell 20% in October from a year earlier, as domestic road travel surged during the Golden Week holiday. Jet fuel demand increased, as well.

Industry Primer: What is OPEC+ and how does it impact oil prices?

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, are known as OPEC+ and will meet in Vienna, Austria, on Nov. 26 to discuss their joint output policy.

TotalEnergies Texas (U.S.) FCC work to continue to late November

A planned overhaul of the gasoline-producing fluidic catalytic cracker at TotalEnergies’ 238,000-bpd Port Arthur, Texas refinery is expected to continue into late November, said people familiar with plant operations.

API Announces the 5th Edition of RP 572 on Pressure Vessels Inspection Practices

The American Petroleum Institute is pleased to announce the release of the 5th edition of Recommended Practice 572, Inspection Practices for Pressure Vessels.

Petrobras partners with European Energy to explore e-methanol business prospects

Petrobras agreed a Memorandum of Understanding with the Danish company, European Energy, to investigate the business opportunities for developing an e-methanol plant in Brazil, on a non-binding basis.

Russia lifts gasoline export ban - energy ministry

Russia has lifted restrictions on gasoline exports, the energy ministry said, after scrapping most restrictions on exports of diesel last month, saying there was a surplus of supply while wholesale prices had declined.

Boeing partners with U.S. govt to boost SAF development in APEC countries

Boeing Co said it will partner with the U.S. government in a project aimed at addressing challenges faced by Asia Pacific Economic Cooperation member countries in developing and scaling use of SAF.

Exxon Mobil to construct a green petchem refinery in Indonesia with $15 B budget

Exxon Mobil is set to make a significant investment of up to $15 B in Indonesia for a green petrochemical refinery and carbon capture storage facility.

NPC to invest $4.2 B for new petchem projects to enhance self-sufficiency

Iran's National Petrochemical Company to invest $4.2 billion for self-sufficiency, focusing on propylene, methanol, ethylene, aromatics, and butylene production, targeting a capacity increase to 200 MMt in the next decade.