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Gasoline

Petrobras set to cut gasoline prices Wednesday

Brazil's Petrobras will reduce gasoline prices at its refineries by about 5% on Wednesday, the state-run oil company said in a statement, its first price cut since late 2021, making analysts review projections for the country's inflation.

Corpus Christi polymers plant in Texas resumes construction

Indorama Ventures announced that construction of an integrated PTA-PET plant in Corpus Christi, Texas, will resume in August this year.

Gazprom tells Europe gas halt beyond its control

Gazprom has told customers in Europe it cannot guarantee gas supplies because of 'extraordinary' circumstances.

Safety culture in the workplace: How generational differences present challenges, opportunities

Culture is an incredibly important consideration when looking to establish a safe and productive workplace, because employers must be able to determine exactly what will make workers choose to act safely and productively.

The downstream rundown: In case you missed it 7/15

In case you missed any downstream news, here are the top stories from last week.

Green Fuels for Denmark receives IPCEI status

The funding will help enable the consortium behind Green Fuels for Denmark to develop the first phases of the project as part of the industrialization of renewable hydrogen and green fuels needed to compete with fossil-based alternatives.

Shell wants to share more of its blockbuster profits, CEO says

Shell is considering boosting shareholder returns on the back of bumper profits from soaring energy prices, while the extra cash will also help it shift more swiftly towards renewables and low-carbon energy.

Neste to receive funding from the EU Innovation Fund for chemical recycling project in Porvoo

Neste has received a positive grant decision for up to EUR 135 MM from the EU Innovation Fund for the company’s project to build chemical recycling capacities at its Porvoo refinery in Finland.

FPT Industrial powers the first LNG trucks on Indian roads

FPT Industrial and Blue Energy Motors have signed an agreement with the goal of deploying the very first LNG trucks in India, powered by FPT N67 NG BSVI compliant engines, on the country’s roads by the end of the year.

Hungary fuel price cap could lead to shortages

Hungary's cap on fuel prices should be lifted because it will lead to shortages "sooner or later", the CEO of Hungarian oil and gas company MOL said.