Crude oil
Jones Act: U.S. waives shipping regulation to ease fuel, fertilizer deliveries
Under the Jones Act, goods shipped between U.S. ports must be carried on vessels that are U.S.-built, U.S.-flagged and mostly U.S.-owned. Maritime industry unions support the requirement, which sharply limits the number of tankers available for domestic shipments.
Vance, Wright to meet with U.S. oil trade group, acknowledges 'rough road ahead' on gas prices
The U.S. has already announced plans to release crude oil from the nation's emergency stockpile to reduce energy prices, and on Wednesday said it would issue a 60-day waiver to U.S. shipping regulations ease fuel deliveries to the nation's ports.
Cambodia turns to Singapore, Malaysia for fuel as Vietnam, China restrict supplies
Vietnam and China have restricted fuel exports until at least the end of March to arrest potential domestic shortages. Cambodia and neighboring Thailand stopped fuel trade after the onset of an armed conflict in July.
Oil majors' output in the Middle East
Most western oil and gas majors have significant operations in the Middle East, where the U.S.-Israeli on Iran has disrupted oil and gas shipping and halted some output.
Equinor has no spare oil and gas capacity, CEO says
The U.S.-Israeli attacks on Iran and the latter's retaliatory strikes across the Middle East have disrupted around a fifth of global oil and liquefied natural gas supply along the Strait of Hormuz, a key chokepoint for Gulf state exports.
Top global refiner Sinopec to cut crude runs by over 10% on Mideast supply squeeze
The cuts by state-owned Sinopec, which accounts for a third of China's refinery output, are part of Beijing's widening measures to curb oil supply disruptions due to Iran's blockage of the Strait of Hormuz, a conduit for 20% of the world's oil.
Japan to consider whether to buy Russian crude following U.S. sanctions waiver
The U.S. waiver allows countries to buy sanctioned Russian oil and petroleum products currently stranded at sea, in what Treasury Secretary Scott Bessent said was a step to stabilize global energy markets, which have been roiled by the Iran war.
- NH3 Clean Energy selects Linde to deliver FEED for the WAH2 project 4/2
- Phelan Green selects Honeywell process technology for flagship South African eSAF facility 4/2
- Metafuels secures Dutch government grant to advance Rotterdam eSAF project 4/2
- Topsoe partners with Hynfra P.S.A. to advance green ammonia in Jordan 4/2
- China calls for independent refiners to maintain fuel output amid war disruption 4/2
- India ends import tax on petrochemicals to help local industry 4/2
