Kerosene
Taiwan starts sustainable aviation fuel supply for domestic carriers
Taiwan supplied for the first time a blend of sustainable aviation fuel (SAF) to refuel planes owned by three domestic carriers at several airports across the country, the Civil Aviation Administration (CAA) said.
Oil and gas investor Afreximbank earmarks $3 B to support locally-refined products
The African Export–Import Bank (Afreximbank), a key investor in oil and gas projects, has earmarked $3 B to finance the purchase of refined products within Africa as part of broader plans to boost refining capacity.
PetroChina in preliminary agreement with Germany's Mabanaft on expanding fuel sales to Europe
PetroChina International's London unit signed a preliminary agreement with German energy company Mabanaft to expand sales of Chinese refined fuel products to Europe, the Chinese state oil and gas trader said.
Cosmo to launch Japan's first sustainable aviation fuel production
Cosmo Energy Holdings is set to launch Japan's first domestic production of sustainable aviation fuel in April, a step toward the country's goal of replacing 10% of jet fuel with a cleaner alternative, though cost-cutting challenges remain.
Thai cabinet approves collection of carbon tax
Thailand's cabinet agreed to levy a carbon tax of 200 baht/ton ($5.88/ton) of carbon emissions as part of the country's efforts to reduce GHG emissions. Products to be subject to the carbon price mechanism include gasoline, kerosene, jet fuel, diesel biodiesel, LPG and others.
Vitol agrees to acquire 66.84% of plastics recycling company WPU
Vitol B.V. has entered into a conditional agreement to acquire a controlling interest in Waste Plastic Upcycling A/S (WPU). On completion, which is subject to certain conditions precedent, Vitol will own 90.36% of the share capital of WPU.
Singapore distillates stocks tick up for fifth week
Singapore's middle distillates inventories advanced for the fifth consecutive week to their highest in seven weeks, as persistent weakness in diesel/gasoil exports countered a jump in jet fuel/kerosene exports.
Singapore middle distillates stocks rise for fourth week to six-week high
Singapore's middle distillates inventories rose for the fourth straight week to a six-week peak as net exports of jet fuel slid further while those of diesel climbed.
EIA: U.S. crude, gasoline inventories rise, distillates draw down
U.S. crude oil and gasoline inventories last week rose more than forecast, while distillate stockpiles posted a larger-than-expected draw, the Energy Information Administration (EIA) said.
Singapore distillates stocks slip to below 9 MMbbl
Singapore's middle distillates stocks fell for the third straight week to below 9 MMbbl as gains in net exports of jet fuel offset a drop in gasoil exports.
- Eckero Line to use Neste renewable diesel for commercial maritime transport 4/24
- Indian Oil plans to operate Gujarat refinery at higher capacity from mid-2026 4/24
- Valero Energy reports first-quarter loss on lower margins, impairment charges 4/24
- California (U.S.) governor drives out refiners then pleads for reliable fuel supplies 4/24
- UK, Eni agree to go ahead with Liverpool Bay carbon capture project 4/24
- GS E&C, Amogy, HD Hyundai Infracore partner with South Korean city to advance ammonia-based power gen 4/24
