Products
S-Oil posts refining, petrochemical losses; expects US tariffs to affect margins in Q2
South Korea's S-Oil, majority owned by Saudi Aramco, posted losses in the first quarter from its refining and petrochemical units and expects second-quarter margins to be impacted by U.S. tariff negotiations and market volatility.
Asahi Kasei, Nobian, Furuya Metal and Mastermelt commence joint project to recycle metals, signaling a milestone towards circularity in the chlor-alkali industry
Japanese technology company Asahi Kasei has started a joint demonstration with Nobian, Furuya Metal and Mastermelt on the recycling of metals, including precious metals, used in the cells and electrodes incorporated in electrolyzers used for the production of caustic soda.
Indian Oil plans to operate Gujarat refinery at higher capacity from mid-2026
Indian Oil Corp. plans to operate its Gujarat refinery in western India at an expanded capacity of 360,000 bpd by mid-2026, executive director Biplob Biswas said.
California (U.S.) governor drives out refiners then pleads for reliable fuel supplies
California (U.S.) Governor Gavin Newsom has directed state officials to step up efforts to guarantee reliable fuel supplies for the nation's biggest auto market, prompting oil companies to blame state policies for difficult business conditions and high pump prices.
Japan to lower gasoline prices and implement energy subsidies
Japanese Prime Minister Shigeru Ishiba said the government will slash gasoline prices by 10 yen ($0.0713) per liter from May 22 as part of measures to curb rising energy prices.
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.
Mexico exports first ULSD cargo from Olmeca refinery amid infrastructure woes
Mexico exported the first cargo of ultra-low sulfur diesel (ULSD) reprocessed in its new Olmeca refinery in early April, as infrastructure to transport the much-needed motor fuel across the country is not ready.
Iran authorities seize two vessels carrying 'smuggled fuel' in Gulf
Iranian Revolutionary Guards seized two Tanzanian-flagged vessels allegedly carrying 1.5 MM liters of "smuggled fuel" in the Gulf
South Korea to implement smaller fuel tax cuts from May
Tax breaks will be extended until the end of June, with the rate adjusted to 10% for gasoline, from the current 15%, and that for diesel and liquefied petroleum gas butane to 15% from 23%.
- 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
