Economics
Russia may cut naphtha exports by third after fires
Russia will likely cut exports of naphtha by some 127,500 - 136,000 bpd, or around a third of its total exports, after fires disrupted operations at refineries on the Baltic and Black Seas.
Guinea plans to replace blast-hit oil terminal in 2024
Guinea is studying proposals to build a new oil terminal in the capital Conakry within the next six to 12 months following an explosion in December that severely damaged its main storage facility.
Brazil domestic ethanol sales soar amid high inventories
Sales of ethanol in the Brazilian market increased sharply in January according to industry data released with mills very active in the selling side as they are apparently running out of storage space due to a bumper crop.
New IMI electrolyzer boosts University of Sheffield’s development of SAF
The University of Sheffield has successfully bolstered its efforts to decarbonize the aviation industry by increasing its green hydrogen production capacity, following the successful commissioning of a new polymer electrolyte membrane electrolyzer.
Mabanaft and TUI Cruises sign MoU for the supply of methanol
Hamburg-based energy company Mabanaft has signed a Memorandum of Understanding with TUI Cruises, one of the leading cruise operators, to supply green methanol in the future.
Singapore fuel oil inventories slip on lower imports, higher bunker demand
Singapore onshore inventories of residual fuel oil slipped for a second straight week on lower imports, while more demand for marine bunkers also led to a drawdown.
Russian Black Sea oil refinery fire extinguished
A fire at a Rosneft-owned export-oriented oil refinery in the southern Russian town of Tuapse overnight has been extinguished.
India expects fuel demand to grow 2.7% in the next fiscal year
India's fuel consumption is expected to rise 2.7% in the next fiscal year beginning on April 1, initial government estimates showed.
Valin Corporation celebrates 50th anniversary
Valin Corporation, a provider of technical solutions for technology, energy, life sciences, natural resources, and transportation industries, is celebrating its 50th anniversary this year.
Acelen Renewables selects Honeywell for SAF and renewable diesel fuel production
Honeywell announced that Acelen Renewables has selected its Ecofining technology to help support the efficient production of a targeted 20,000 bpd of SAF and renewable diesel.
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