Economics
New Mediterranean IMO fuel rule helps bring more Doba crude to Europe
Dutch and German oil refineries have snapped up all four cargoes of Chadian Doba crude in April to profit from soaring demand for cleaner marine fuel in Europe from shipping companies including Maersk. Heavy, sweet Doba grade is particularly suitable for making ultra-low sulfur fuel oil (ULSFO) with a maximum sulfur content of 0.1%.
U.S. imposes Iran-related sanctions on third China 'teapot' refinery, ports
U.S. President Donald Trump's administration imposed sanctions on a third Chinese independent - or "teapot" - oil refinery, and port terminal operators in China for purchases of Iranian oil.
United to invest in power-to-liquid fuels company Twelve
United has announced an investment in Twelve, an innovative low-carbon fuels company that uses a process similar to photosynthesis to transform carbon dioxide (CO2) and water into sustainable aviation fuel (SAF) using renewable energy.
ExxonMobil agrees to supply Japan's Marubeni with low-carbon ammonia
ExxonMobil has signed a long-term agreement to supply 250,000 metric tpy of low-carbon ammonia to Japanese trading house Marubeni, representing ExxonMobil's first signed customer agreement for its planned hydrogen facility in Baytown, Texas.
TotalEnergies seeks permit for $16-B green hydrogen/ammonia project in Chile
The project, run by the Chilean subsidiary TEC H2 MAG, is expected to begin operations in 2030 and includes a wind farm, seven electrolysis centers for green hydrogen, a desalination plant, an ammonia plant and maritime infrastructure for shipping.
U.S. sustainable aviation fuel production takes off as new capacity comes online
Sustainable aviation fuel (SAF) production is growing in the U.S. as new capacity comes online. U.S. production of Other Biofuels, the category the U.S. EIA uses to capture SAF, approximately doubled from December 2024 to February 2025.
SunGas Renewables' $2-B Beaver Lake Renewable Energy Project enters final stage of development
SunGas Renewables Inc. announced the start of front-end engineering design (FEED), marking the beginning of the final stage of development for its flagship project, Beaver Lake Renewable Energy.
Top U.S. refiner Marathon Petroleum swings to quarterly loss on lower margins
Marathon Petroleum swung to a loss in the first quarter, the company reported on Tuesday, the latest U.S. refiner hit by lower refining margins during a period marked by elevated maintenance and turnaround activity across the industry.
EIA: Supply issues, compliance costs drive up California (U.S.) fuel prices
Drivers in California pay higher prices at the pump than any other state in the country due to supply issues, costs from environmental compliance and fuel requirements, and high state taxes and fees,
Vioneo appoints Wood to design world’s first industrial scale fossil-free plastics facility
Vioneo has awarded Wood a contract to deliver the front-end engineering design for its revolutionary plant which will produce fossil-free plastics using green methanol.
- Britain will not bail out bioethanol industry hit by Trump trade deal 8/15
- Russian energy facilities targeted recently in drone attacks 8/15
- Shell: Norco, Louisiana (U.S.) refinery gasoline unit work to start on Friday 8/15
- Sanctions-hit Indian refiner Nayara in talks with govt to sustain operations 8/15
- The API challenges Trump plan to cut biofuel import credits 8/15
- IAG selects record 29 startups for accelerator program 8/15
