- Global Energy Infrastructure
Spain's energy minister and the head of the International Energy Agency backed the Netherlands' call for an international coalition to phase out fossil subsidies.
The Indian government increased windfall tax on petroleum crude, while reduced it on aviation turbine fuel and diesel, according to a government notification.
Oil and gas will remain a relevant part of the energy mix until potentially 2050, Musabbeh Al Kaabi, Executive Director of Low Carbon Solutions and International Growth at Abu Dhabi National Oil Company said during an energy conference in Abu Dhabi.
Seaborne diesel and gasoil exports from Russian ports fell 27% in September from a month earlier to about 2.76 million tons due to a major overhaul of refineries and a fuel export ban.
Former Dutch foreign minister Wopke Hoekstra, who is nominated to be the EU's new head of climate change policy, plans to act to phase out fossil fuel subsidies if he takes up the role.
Russia may introduce quotas on overseas fuel exports if a complete export ban imposed last week does not succeed in bringing down persistently high gasoline and diesel prices.
Ultra low-sulfur diesel loadings from the Russian Baltic Sea port of Primorsk are set to fall in October by 80% month on month on a daily basis to 210,000 metric tons from 1.08 Mmt scheduled for September.
Russia has not discussed with the OPEC+ group of leading oil producers a possible crude oil supply increase to compensate for Russia's fuel exports ban.
Boilers / Carbon Management / Diesel / Economics / Engineering & Design / Environment / Greenhouse Gases
The shipping industry lacks clarity on future clean fuels and regulatory systems which is holding back companies from replacing ageing vessels amid pressure to decarbonize faster.
Russia said it had temporarily banned gasoline and diesel exports to all but four ex-Soviet states in response to domestic shortages, a move that will disrupt global trade that has already had to adjust to Western sanctions on Russian fuel exports.
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- Spain, IEA back Dutch call to phase out fossil fuel subsidies 10/2
- India increases windfall tax on petroleum crude, reduces tax on aviation turbine fuel and diesel 10/2
- Automakers say they face $14 B in fines from Biden's 'unfeasible' fuel rules 10/2
- Cnergyico imports Pakistan's first private-sector Russian crude cargo 10/2
- Singapore Exchange launches its first ammonia futures contracts 10/2
- ADNOC top exec says oil and gas could remain relevant until 2050 10/2
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