Asia/Pacific
EU to set tariffs on Chinese biodiesel in anti-dumping probe
The European Union (EU) is set to impose provisional duties on Chinese biodiesel after finding it is being sold in EU markets at unfairly low prices, in the latest in a string of trade cases against China.
Keppel, Sojitz to collaborate on Asia-Pacific decarbonization and clean energy business opportunities
Keppel Ltd., through its Infrastructure Division, has signed a Memorandum of Understanding (MoU) with Tokyo, Japan-based investment and general trading company Sojitz Corp. with the intention to jointly pursue decarbonization and clean energy business opportunities in Asia-Pacific.
Hafnia Nile, tanker involved in fire, was carrying naphtha from Spain
The oil tanker Hafnia Nile, which caught fire after a collision with another vessel off Singapore, was carrying naphtha loaded from the company's energy park in Huelva, Spain.
China's first-half 2024 fuel oil imports slide 11% y/y
China's total fuel oil imports slipped 11% in the first half of 2024, data showed on Saturday, amid a backdrop of weak refining margins and poor fuel demand.
India's Reliance misses profit estimates on weak fuel sales margins
Reliance Industries, India's most valuable company, reported 1Q profit below analysts' estimates on Friday, hurt by lower margins on fuel sales.
Argentine biofuels chamber calls new U.S. biodiesel duties illegal
The U.S. Commerce Department slapped anti-dumping duties of between 60.44% to 276.65% on biodiesel from Argentina and Indonesia, on top of already steep anti-subsidy duties. The Argentine Chamber of Biofuels said that increased U.S. duties on Argentine biodiesel were "arbitrary and illegal" and would shut Argentina out of the market in the U.S.
JERA accomplishes world’s first truck-to-ship bunkering of ammonia fuel
JERA Co. Inc. said it has conducted the world’s first (as of July 17, as researched by NYK Line) truck-to-ship bunkering of fuel ammonia, to an ammonia-fueled tugboat (A-Tug) owned by NYK Line that is scheduled to be completed in late August 2024.
Sinochem shuts Shandong refineries 'indefinitely' on poor margins
State-run Sinochem Group has shut in two of its three east China oil refineries for an indefinite period of maintenance, as high crude oil costs and weak fuel demand hurt margins.
Canadian crude exports from U.S. Gulf Coast fall only slightly despite TMX startup
About 150,000 bpd of Canadian crude were exported from the U.S. Gulf Coast in June, slightly lower than average, despite the expansion of the Trans Mountain pipeline (TMX), which pulled some barrels west to Vancouver.
Japanese refiners urge early orders from airlines amid jet fuel shortage
The head of the Japanese petroleum industry has called for international airlines to provide flight schedules and jet fuel demand forecasts a year in advance as a solution to a jet fuel shortage at Japanese airports.
- Chiyoda, AVEVA forge strategic partnership to power plantOS with AVEVA CONNECT 6/27
- SABIC announces closure of Olefins 6 facility in Teesside, UK 6/27
- LyondellBasell's polyolefin technologies selected by SHCCIG Yulin for petrochemicals complex in China 6/27
- Damaged unit of Iran's South Pars refinery back operating 6/27
- hte conducts research for JGC to advance decarbonization by identifying suitable catalysts for ammonia cracking 6/26
- TES and CPC Finland to develop 500-MW e-NG project in Finland 6/26
