Economics
Britain will not bail out bioethanol industry hit by Trump trade deal
The failure of the industry, which supports thousands of jobs, could prove to be an embarrassment for Prime Minister Keir Starmer, who hailed May's trade deal as a boost to businesses that would protect employment and attract investment.
Sanctions-hit Indian refiner Nayara in talks with govt to sustain operations
Russia-backed Indian refiner Nayara Energy is talking to government authorities and partners to maintain operational stability of its 400,000-bpd refinery and fuel supplies despite EU sanctions hurting the supply chain.
The API challenges Trump plan to cut biofuel import credits
The mounting criticism puts the White House in the position of having to side with either farmers looking to prioritize domestic supply, or refiners seeking cheaper feedstock.
A refresher on Russia's commodities clout ahead of Trump-Putin talks
Prior to its invasion of Ukraine in 2022, Russia was a leading exporter of crude oil, natural gas, coal, aluminum, nickel, steel, wheat and fertilizers - among other commodities - and the top supplier of energy products to Europe.
China's ethylene capacity to hit 100 million tons by end-2028
China will add 40 million metric tons of ethylene capacity between 2025 and 2028, taking total capacity for the key plastic industry building block to 100 million tons by the end of the period, a Sinopec executive said on Thursday.
U.S. crude oil and distillate inventories rise, gasoline stockpiles fall
U.S. crude inventories unexpectedly rose as imports increased, while gasoline stockpiles fell last week, the Energy Information Administration said.
Phillips 66's Bayway refinery's gasoline unit at reduced rates after fire
Phillips 66 has reduced gasoline output at its 258,000-bpd Bayway refinery in Linden, New Jersey after a fire near the plant's gasoline producing unit
Citgo Petroleum returned to profit in the second quarter
Venezuela-owned U.S. refiner Citgo Petroleum registered net income of $100 million in the second quarter vs. a $25 million loss in the same quarter last year, finishing the period with liquidity of $2.6 billion.
India's Reliance makes rare fuel oil purchase from HPCL
Reliance Industries has in recent weeks made rare fuel oil purchases from state-run Hindustan Petroleum Corp. The purchases suggest the operator of the world's largest refining complex is diversifying its fuel oil sources as India comes under heavy pressure from the U.S. over its energy ties with Russia.
L&T Energy GreenTech partners with Japan’s ITOCHU for 300,000-tpy green ammonia project
L&T Energy GreenTech Ltd (LTEG), a wholly-owned subsidiary of Larsen & Toubro (L&T), has entered into a Joint Development Agreement with ITOCHU Corporation of Japan to develop and commercialize a 300,000-tpy green ammonia project at Kandla in Gujarat, India.
- Kumho Mitsui Chemicals to increase capacity of MDI production facilities 12/15
- ABS, Eneos, NYK Line and Seacor Holdings launch joint study to develop a methanol marine fuel supply network in the U.S. 12/15
- ENEOS accelerates AI-driven materials discovery of immersion cooling fluids and novel catalysts Using NVIDIA ALCHEMI 12/15
- SAMSUNG E&A wins FEED contract for nearly $5-B SAF plant in the U.S. 12/15
- KBR wins green ammonia project by IGNIS in Spain 12/15
- Phillips 66 announces $2.4-B capital budget for 2026 12/15
