Economics
Nigeria's Dangote refinery releases gasoline into the local market
Nigeria's $20-B Dangote oil refinery on Tuesday has begun supplying gasoline into the Nigerian market, a move its owner Aliko Dangote said will end billions of dollars spent on imports.
Trans Mountain oil pipeline expansion pushes rivals to cut rates, for now
Pipelines that historically carry Canadian crude to the U.S. are cutting rates and looking to ship different grades of crude oil due to rising competition from the newly expanded Trans Mountain pipeline.
Germany extends trusteeship over Rosneft assets
The German government extended its trusteeship over the local units of Russia's Rosneft until March 10 next year in anticipation of a sale of the assets to Qatar.
India's Bharat Petroleum Corp. to boost integrated refining-petrochemical capacity by 2030
India's Bharat Petroleum Corp plans to increase its integrated refining and petrochemical capacities within the next 5 yr-7yr to meet growing energy demand. India's annual consumption of refined fuels and petrochemicals is expected to rise steadily by 4%-5% and 7%-8% in the 'foreseeable future'.
U.S. EPA extends emergency fuel waiver for Midwest states due to refinery outage
The U.S. Environmental Protection Agency extended the emergency waiver for the second time in response to fuel shortages in four Midwest states where the gasoline supply has been impacted by the outage of ExxonMobil's 251,800-bpd refinery in Joliet, Illinois.
BASF to cease operations on three plants at the Ludwigshafen site in 2025
BASF will end the production of adipic acid, cyclododecanone (CDon) and cyclopentanone (CPon) at the Ludwigshafen site in 2025. The company has taken this decision as part of the ongoing strategic review of its production setup at the Ludwigshafen site to ensure competitiveness under changing market conditions.
Asia 10-ppm gasoil refining margins near 18-month low on clouded outlook
Asia's 10-ppm sulfur gasoil refining margins have slumped to a near 18-month low amid mixed market outlooks as well as softer ICE gasoil futures and prompt paper swaps.
Qatar in talks on possible purchase of Rosneft stake in German refinery
Qatar is in talks with the German government over possibly buying Russian energy group Rosneft's stake in Germany's PCK Schwedt refinery, which Berlin placed under trusteeship following Russia's invasion of Ukraine.
U.S. crude, gasoline stockpiles fall on stronger demand
U.S. crude oil and gasoline inventories fell last week as demand picked up ahead of Labor Day weekend and the end of the summer driving season.
Russia suspends publishing monthly fuel stats
Russia's state statistics service Rosstat said on Wednesday it was suspending publication of oil products output data.
- Colombia's diesel price hike leads to trucker strike and unrest 9/6
- Fire at Moscow refinery will not cause fuel shortages, minister says 9/6
- Russia's Sibur plans domestic bond issue to fund $10-B Amur gas-chemical complex 9/6
- Asia refining margins at lowest seasonal levels since 2020 as supplies grow 9/6
- DNV awards Wallenius Wilhelmsen first B100 verification for biofuel insetting 9/5
- Malaysia launches aviation decarbonization drive targeting net-zero emissions by 2050 9/5
