Economics
Ecopetrol CEO says oil industry's future not threatened by energy transition
Colombia's oil and gas industry is not coming to an end due to the transition to cleaner energy in response to a union statement which alleged executive decision-making is threatening the majority state-owned company's future.
Venezuela's PDVSA signs new euro-denominated fuel contracts amid U.S. sanction easing
Venezuela's PDVSA has signed at least two new spot contracts to export fuel oil and asphalt cement, demanding prepayment in euros from customers as the state-run oil company begins to turn to cash sales after the U.S. eased sanctions.
U.S. crude, gasoline stockpiles rise as refiners run less oil
U.S. crude oil stockpiles jumped last week as refinery utilization dropped, while gasoline inventories posted a surprise build.
Petoskey Plastics receives NOL from FDA for food-contact PCR-LLDPE
Petoskey Plastics has received a No Objection Letter from the U.S. Food and Drug Administration confirming the capability of its secondary recycling process to produce post-consumer recycled linear, low-density polyethylene material that is suitable for food-contact applications.
Thailand soars from 11th to 8th in global LNG import rankings with 25% surge
Thailand has jumped from eleventh to eighth in the world ranking for imports of LNG, after purchases through October soared 25% from the same period in 2022.
China sets minimum size for new refiners as it caps overall capacity
China has set a minimum size for new oil refineries and will ban small crude processors that claim to be chemicals or bitumen producers under its plan to limit total capacity at 1-B metric tons by 2025.
Ireland could start producing sustainable jet fuel from 2030
Ireland's offshore wind power plans could see it produce SAF from around 2030 but "significant progress" is needed to develop SAF at scale.
Market prices for Renewable Fuel Standard credits are falling
The prices of ethanol and biomass-based diesel renewable identification number credits—the compliance mechanism used for the Renewable Fuel Standard program administered by the U.S. Environmental Protection Agency—each fell by more than one third between September 1 and October 16.
Russian wholesale gasoline prices decline, diesel stable
Russian wholesale gasoline prices declined, while diesel was stable, with both remaining far below the levels seen on Sept. 21 when Russia introduced a ban on fuel exports to tackle high prices and shortages.
Mexico restricts imports of dozens of petroleum and petrochemical products
Mexico has put restrictions on the import of dozens of refined petroleum and petrochemical products to curb fuel theft and adulteration including certain types of gasoline and diesel, jet fuel and additives.
- Rompetrol completes DCU project at Petromidia refinery 7/17
- U.S. SAF production forecast to eclipse 50,000 bpd by 2026 7/17
- Pertamina expects Balikpapan's CDU IV to resume later this month 7/17
- Exxon shut Joliet, Illinois, refinery after power outage 7/17
- ExxonMobil introduces Enable™ 1617 performance polyethylene 7/17
- Tribunal rejects TC Energy's $15-B claim for Keystone XL 7/17
- Digital Exclusive: SPECIAL FOCUS: Digital Technologies—Utilize process simulation digital twin to optimize condensate yield
- Digital Exclusive-Flare system design: Liquid pockets in flare headers
- Hydrogen-rich content gasoline: A new concept for paraffinic gasoline reformulation
- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
