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Economics

Russia's NORSI refinery may halve high-octane gasoline output after outages

Lukoil's NORSI oil refinery in Nizhny Novgorod may halve high-octane gasoline output after an emergency stoppage at one of two plant's catalytic cracking unit.

Indonesia 2024 unblended palm oil biodiesel consumption seen at 12.5 MMt

Indonesia is targeting 12.5 MMt consumption of unblended biodiesel made from palm oil this year.

Equatorial, TFG and Sinopec are Singapore's top three marine bunker suppliers in 2023

Equatorial Marine Fuel Management Services maintained its top spot among marine bunker suppliers in Singapore, the world's largest bunker hub, while Sinopec Fuel Oil Singapore propelled into No.3 in 2023, latest data from the port authority showed.

Nigeria's Dangote refinery starts production after years of delays

Nigeria's Dangote oil refinery has begun producing diesel and aviation fuel after years of construction delays at the 650,000 bpd plant.

Greek shipowner seeks U.S. government help with tanker seized by Iran

Empire Navigation Inc, the Greek shipowner of an oil tanker seized by Iran, said it sought any help from the U.S. government in regaining control of its vessel in a U.S. court filing.

Russia boosts fuel exports to Central Asia, Afghanistan and Mongolia in 2023

Central Asian countries, Afghanistan and Mongolia raised their imports of Russian fuel by around 28% in 2023 to almost 6 MMt, partially offseting a decline in Russian supplies to Europe.

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.