Europe
Hungary's MOL and MVM join forces to ship Azeri oil to central Europe
Hungarian oil and gas group MOL and state-owned energy company MVM will jointly charter tankers to ship up to 160,000 metric tpy of crude oil from Azerbaijan to further diversify energy supply for Hungary and Slovakia.
India's Russian oil imports hit 10-month high on strong demand for ESPO crude
India's Russian crude oil imports will hit close to 1.8 MMbpd in May, the highest in 10 months, ship tracking data from Kpler showed, after refiners snapped up more light grades such as ESPO Blend.
EU, Britain go ahead with new Russia sanctions without waiting for Trump
The EU and Britain announced new sanctions against Russia on Tuesday without waiting for Washington to join them, a day after President Donald Trump's phone call with Vladimir Putin brought about neither a ceasefire in Ukraine nor fresh U.S. sanctions.
Deutsche ReGas gets EU funding for Lubmin hydrogen project
Deutsche ReGas on Wednesday said it will receive €112 MM ($126.97 MM) worth of public grants from the European Union's Hydrogen Bank for a renewable hydrogen project at Lubmin on Germany's Baltic Sea coast.
Neste starts SAF production at its Rotterdam refinery
A major Technip Energies project has come to fruition with the start of production of sustainable aviation fuel (SAF) by Neste at its modified refinery in Rotterdam, The Netherlands.
Russia in favor of extending partial gasoline export ban
Russian government is in favor of extending its partial gasoline export ban, which is in force until the end of August, to September and October
Germany's VCI says chemical sector sales grew 1.8% in Q1 of this year
Quarterly sales in Germany's chemical industry grew 1.8% from last year, helped by higher demand and pull-forward effects from U.S. customers stocking up
Italy's Meloni warns EU green policies risk 'industrial desertification'
Italian Prime Minister Giorgia Meloni warned that rigid green policies could devastate Europe's industrial base, and called for a more cautious approach to the ecological transition that protects economic and social stability.
Nuberg EPC, EDL sign technical collaboration agreement across several industries
Nuberg EPC and EDL Anlagenbau Gesellschaft mbH (a Pörner Group Company) have signed a Technical Collaboration Agreement to explore engineering and sustainable development opportunities across industries including fuel oil refineries, petrochemical industries, green hydrogen derivatives and sustainable process technologies to accelerate technological excellence and environmental responsibility.
Russia's idle oil refining capacity revised up by 30% in May
Russia's offline primary oil refining capacity has been revised up by 29.5% in May from the previous plan to 3.41 MM tonnes (t).
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
- U.S. liquid fuels groups announce progress on E15, small refinery exemption reform 12/5
- Million Air and Avfuel bring SAF to Austin, Texas (U.S.) 12/5
- Chinese refiners buy oil from storage, raise output with fresh import quota 12/5
