Economics
Smyril Line has signed contracts for two methanol powered cargo ships
Smyril Line is pleased to announce that a contract has been made with the CIMC Raffles shipyard in China to build two new e-methanol powered cargo ships the company.
LanzaJet and Jet Zero partner for Australia's first ethanol-to-SAF plant
The agreement will progress the development of Project Ulysses, a North Queensland SAF project using LanzaJet’s alcohol-to-Jet technology, that converts the bioethanol into SAF and renewable diesel.
Germany's Habeck: Poland committed to crude supply in case of Schwedt nationalization
German Economy Minister Robert Habeck said in Warsaw that Poland has given reassurances that it will continue to provide the Schwedt refinery with crude oil in the event that Germany nationalizes Rosneft's German activities.
Mexico orders expropriation of Air Liquide plant at Pemex oil refinery
Mexico's government has ordered the expropriation of a hydrogen plant at a Pemex oil refinery that was sold to French company Air Liquide during the previous administration, after officials ordered a temporary occupation of the facility last December.
Asia's gasoil east-west price spread at widest discount in over a year
Asia's gasoil front-month east-west price spread hit its widest discount in more than a year of almost $88 per metric ton on tightness in prompt Europe supply and high freight costs.
Oil little changed as demand concerns offset Middle East tensions
Oil futures were little changed as rising concerns about global demand caused the market to take a break after prices jumped about 6% last week on worries that Middle East tensions could cause supply problems.
Phillips 66 reports fire at its Billings, Montana, refinery
Phillips 66, said there was a fire at its 60,000-bpd Billings, Montana, refinery which resulted in visible smoke.
Plant's coal exit affirms Solvay’s commitment to pursue sustainable operational practices
From the entrances of its Green River, Wyoming soda ash plant and Brussels headquarters, Solvay leaders announced the successful completion of the North American-based facility’s coal phase-out initiative.
Investors dump oil after U.S. refinery shutdown
Portfolio investors abandoned hope for an early rally in crude prices after a site-wide electricity failure caused an unexpected shutdown in production at bp’s refinery at Whiting in Indiana on Feb. 1
U.S. oil refiners beat Wall Street bets, expect demand to grow in 2024
Major U.S. fuel makers beat Wall Street's earnings expectations in the fourth quarter on strong refining margins and operating performance, and they predicted profits would rise again this year thanks to global demand growth.
- Topsoe and Sasol bring advanced SAF technology to Allied Biofuel’s landmark project in Uzbekistan 7/14
- Siemens Energy begins preparations for the launch of an independent brand 7/14
- Emerson helps Romania’s largest refinery reduce control system alarms by over 95% 7/14
- Bunker One executes Latin America's first bioethanol bunkering of a deep-sea container vessel 7/14
- EIA: Global LNG trade volumes reached record high in 2025 7/14
- Central Asia feels the pinch of Russia's fuel crunch 7/14
