Middle East
Iran's Revolutionary Guards seize two ships smuggling 1.5 MM liters of fuel
Naval forces of Iran's Revolutionary Guards have in recent days seized two Panama-flagged ships smuggling a total of 1.5 million liters of fuel.
OPEC says IEA estimate of peak fossil fuel demand by 2030 not 'fact-based'
The Organization of the Petroleum Exporting Countries said data-based forecasts do not support the International Energy Agency's projection that demand for fossil fuels would peak in 2030.
Global diesel shortage boosts prices
Global distillate fuel oil inventories remain much lower than normal for the time of year which is putting strong upward pressure on fuel prices.
As Saudi oil cuts raise prices, Asia refineries buy elsewhere
Refiners across the top-importing region of Asia are being forced to adapt buying patterns as the additional output cuts by Saudi Arabia have reduced availability of their preferred medium sour grades of crude.
Korean Air introduces Cargo SAF Program
Korean Air will launch a program to use SAF for air cargo operations in cooperation with air cargo customers and forwarders.
U.S. says it disrupts illicit oil shipment by Iran's IRGC, seizes contraband crude
The U.S. said it has halted a multi-million dollar shipment of crude oil by the Islamic Revolutionary Guard Corps being shipped in violation of sanctions against Iran, and seized more than 980,000 barrels of contraband crude oil.
Oil cut extension raises risk of Saudi economic contraction this year
Saudi Arabia faces the risk of an economic contraction this year following its decision to extend crude production cuts, highlighting its still heavy reliance on oil as reforms to diversify are slow moving.
Oil ticks higher as tight supply trumps macroeconomic gloom
Oil prices hovered above $90 a barrel, on track to end the week higher as investors chose to focus on tighter supply, despite broader macroeconomic uncertainty.
Online Exclusive: Advanced hydrocracking unit flow scheme optimization and integration approach to maximize refinery margins for a residue upgrading project
The integration of a solvent deasphalting (SDA) and hydrocracking upgrading complex provides a favorable techno-economic return for residue upgradation at relatively lower capital expenditures vs. other alternatives for a brownfield project.
Petrobras-Mubadala partnership may open door to refinery deal and biofuel partnership
Brazilian state-run oil firm Petrobras remains eager to repurchase a refinery from Abu Dhabi state investor Mubadala despite antitrust barriers, and a new biofuels partnership could open the door to future talks.
- Sinopec's $4.5-B refinery in Sri Lanka to challenge India's fuel export market share 4/30
- Topsoe secures first SAF project in China 4/30
- Borouge increases Q1 net profit nearly 40% to $273 MM 4/30
- NEXTCHEM finalizes acquisitions of HyDEP and Dragoni to boost green H2 production tech 4/30
- Sponsored Digital Feature: Cut the carbon and boost sustainability 4/30
- Carbon Clean achieves fabrication milestone on FlagshipONE with the project’s first carbon capture unit module 4/30
