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Economics

Singapore's middle distillates stocks stable; gasoil net exports slip for second week

Singapore's middle distillates inventories remained above 9 million barrels, official data showed, as net gasoil exports slipped for the second straight week, and jet fuel/kerosene net exports also fell.

Indian chemicals maker Epigral expects revenue from newer CPVC products to surge this year

Indian chemicals maker Epigral will keep diversifying its business and expects the share of revenue from new products to expand significantly this year.

Russia imposes temporary restrictions on fuel exports

Russia has introduced temporary restrictions on exports of gasoline and diesel in order to stabilize the domestic market.

Shell likely to restart Pernis refinery unit by Sept. 25

Shell is tentatively expected to restart a hydrocracking unit at Europe's biggest oil refinery in the Netherlands by Sept. 25 after a leak forced its shutdown on Tuesday, traders said, citing a report from industry monitor IIR.

Europe's refinery output rises 1% m/m in August

European oil refinery output in August rose by 1% from the previous month to 9.73 million bpd.

Dutch firms get up to $49 B annually in fossil fuel subsidies

Industrial companies in the Netherlands get $42-49 B in tax breaks and subsidies annually for using fossil fuels, the Dutch government said in a report aimed at spurring international debate on such subsidies.

Fugro provides geotechnical expertise for clean fuel project in Louisiana

St. Charles Clean Fuels, LLC has contracted with Fugro to provide geotechnical engineering services for an innovative 'blue' ammonia facility in southeastern Louisiana.

Britain delays ban on new petrol and diesel cars to 2035

Britain will push back a ban on new petrol and diesel cars and vans to 2035 from 2030, Prime Minister Rishi Sunak said, adding that the cars would still be available to buy on the secondhand market thereafter

Russian oil producers send CPC Blend to UAE, open new export route

Russian oil producers supplied their first cargoes of CPC Blend crude to the UAE in August and September opening up a new export route as Moscow looks to find new customers and skirt Western sanctions.

India's ONGC willing to wait to regain oil from Russian project

India's state-run Oil and Natural Gas Corp wants to eventually receive a share of crude from a Russian project it partly owns but is willing to wait because Russian oil is hard to ship right now.