Economics
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.
Singapore's middle distillates stocks at 5-mth low on higher jet fuel/kerosene exports
Singapore's middle distillates stockpiles hit a five-month low as higher jet fuel/kerosene exports outweighed declines in gasoil/diesel exports.
Alberta examines options for its investment in the Sturgeon Refinery
Alberta Premier Danielle Smith is exploring options to address the province's recent losses stemming from the Sturgeon Refinery.
Borouge signs $44-MM supply agreement with NAFFCO
Borouge Plc announced the signing of a $44-MM agreement with NAFFCO to supply NAFFCO’s local and regional infrastructure projects with Borouge’s innovative and sustainable polyethylene materials.
Lummus strengthens position in circular economy
Lummus Technology announced a major investment in Resynergi, a pioneering leader in plastic recycling technology, to scale production of Resynergi's modular Continuous Microwave Assisted Pyrolysis technology.
- 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
