Americas
INEOS Energy charters two LNG carriers to create virtual LNG pipeline from the U.S. to Europe
INEOS Energy Trading has today signed agreements with Mitsui O.S.K. Lines for two new build LNG carriers, to be used for the import of LNG into Germany from the United States.
Renewables growth did not dent fossil fuel dominance in 2022
Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry's Statistical Review of World Energy report said.
Ecopetrol sells crude to Asia at deeper discounts amid Russia competition
Colombia's Ecopetrol is managing to sustain sales to Asia at about 45% of its crude oil production though rivalry from Russian oil is forcing it to offer deeper discounts, a senior executive said.
U.S. lawmaker to re-introduce bipartisan bill to get EV industry into biofuel program
A U.S. Democratic lawmaker plans to reintroduce a bipartisan bill next month that would allow electricity generated from renewable biomass to qualify for credits under the nation's biofuel blending program.
Utilizing various feedstocks to progress SAF production
At Honeywell Users Group 2023, Naved Reza, Director, Business Development Sustainable Technology Solution for Honeywell UOP, delivered a presentation titled "Increasing SAF feedstocks to scale production and decarbonize aviation.”
Oil resumes slide on demand worries after latest rate hikes
Oil dropped over 2% and was heading for a weekly decline, as a UK interest rate hike added to concern over economic growth that outweighed lower U.S. crude stocks and other signs of tighter supplies.
U.S. crude inventories post surprise draw, fuel stocks rise
U.S. crude stocks fell while gasoline and distillate inventories rose, the Energy Information Administration said.
Palm falls for second day on smaller-than-expected US biofuel mandate
Malaysian palm oil futures fell for a second day following news of a U.S. plan to implement a smaller biofuel mandate than it had initially proposed.
U.S. EPA finalizes biofuels blending mandates
The Biden administration has increased the amount of biofuels that oil refiners must blend into the nation's fuel mix over the next three years, but the plan includes lower mandates for corn-based ethanol than it has initially proposed, the administration announced.
Oil extends declines on China growth woes, firmer dollar
Oil prices weakened, extending falls to a third straight day, as the dollar strengthened on a U.S. housing market recovery while fears persisted that monetary stimulus may not be enough to revive growth in China.
- GTT receives order from Samsung Heavy Industries for the tank design of two new very large ethane carriers 2/11
- Borouge, Borealis, CFF and PMS join forces to study polyolefin recycling ecosystem in Indonesia 2/10
- bp's Gelsenkirchen refinery attracts buyer's interest from Klesch 2/10
- Fire at Baiji refinery contained, Iraq's Somo says 2/10
- Hengli Petrochemical sets up Dubai trading subsidiary in expansion 2/10
- Canadian airlines suspend Cuba flights as island set to run out of jet fuel 2/10
