Europe
Oil prices steady as Russia eases fuel export ban
Oil prices held steady after Russia relaxed its fuel ban, taking the edge off earlier gains on a tighter supply outlook and wariness over interest rates that could curb demand.
Germany's Scholz aims high on green jet fuel output
Chancellor Olaf Scholz set out Germany's ambitions to become a strategic production center for sustainable jet fuel and to lure investment to build on its importance as one of aerospace group Airbus' manufacturing centers.
ORLEN partners with Yokogawa to develop cutting-edge technology for SAF production
ORLEN and Yokogawa Europe announce they have joined forces to initiate industrial-scale production of carbon neutral SAF.
Oil prices rise as Russia fuel export ban stokes supply concerns
Oil prices rose as renewed global supply concerns from Russia's fuel export ban counteracted fears that slowing economies and high interest rates could crimp demand.
EU set to demand e-fuel cars have no climate impact
The European Union is set to demand that cars running on e-fuels must be 100% carbon neutral if they are to be sold beyond 2035, a draft document showed, after Germany demanded e-fuel cars be exempted from the phase-out of new polluting vehicles.
Russia cuts September seaborne diesel exports to meet domestic shortage
Russia cut its seaborne diesel and gasoil exports by nearly 30% to about 1.7 million metric tons in the first 20 days of September from the same time in August, as local refineries went into seasonal maintenance and the domestic market faces a fuel shortage and rising prices.
Russia imposes temporary restrictions on fuel exports
Russia has introduced temporary restrictions on exports of gasoline and diesel in order to stabilize the domestic market.
Shell likely to restart Pernis refinery unit by Sept. 25
Shell is tentatively expected to restart a hydrocracking unit at Europe's biggest oil refinery in the Netherlands by Sept. 25 after a leak forced its shutdown on Tuesday, traders said, citing a report from industry monitor IIR.
Europe's refinery output rises 1% m/m in August
European oil refinery output in August rose by 1% from the previous month to 9.73 million bpd.
Dutch firms get up to $49 B annually in fossil fuel subsidies
Industrial companies in the Netherlands get $42-49 B in tax breaks and subsidies annually for using fossil fuels, the Dutch government said in a report aimed at spurring international debate on such subsidies.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
