Economics
Russia's September seaborne oil product exports down vs August
Russia's seaborne oil product exports fell 2.5% in September from August to 9.456 Mmt due to seasonal maintenance of refineries and a fuel export ban late in the month.
U.S. awards $7 B to seven U.S. hydrogen hubs
The Biden administration is expected to announce the winners of $7 B in federal grants to build out regional hydrogen hubs.
Saudi Aramco in talks to buy 10% stake in Chinese refiner Yulong Petrochemical
Saudi Aramco is in talks to buy a 10% stake in Shandong Yulong Petrochemical Co in a deal that would further boost the state oil giant's investments in China.
Singapore middle distillates stocks drop after 3 weeks amid strong jet fuel exports
Singapore's middle distillates stocks fell for the first time in three weeks, tracking robust net exports of jet fuel/kerosene though a dip in net exports of gasoil limited overall draws
The SAF Grand Challenge
The SAF Grand Challenge is the result of DOE, DOT, and USDA launching a government-wide Memorandum of Understanding that will attempt to reduce the cost, enhance the sustainability, and expand the production and use of SAF.
Glander International Bunkering completes first biofuel supply for Asphalt tanker
Glander International Bunkering successfully supplied 347MT of B24 FAME / FO blend to MT BITU ATLANTIC, a 50805DWT asphalt tanker for Rubis Group.
Yokogawa joins Avelia’s blockchain-powered SAF purchasing program
Yokogawa Electric Corporation announces it has become the first industrial automation customer headquartered in Asia to join Avelia, a blockchain book-and-claim platform for SAF.
China's Hengli Petrochemical wins license to supply bunker in Zhoushan
A subsidiary of Hengli Petrochemical, China's privately controlled refiner and petrochemical producer, has won a license to supply bonded marine fuel in Zhoushan, the country's bunker hub.
Sinopec NZRCC selects Lummus' polypropylene technology for large-scale plant in China
Lummus Technology announced a contract from Sinopec Ningbo Zhenhai Refining & Chemical Co. Ltd. to license Lummus' Novolen technology for a new 500 ktpa polypropylene plant in Ningbo, China.
Global diesel prices soften as inventories edge upward
Global distillate fuel oil inventories remain much lower than normal for the time of year but there are signs they are no longer falling which has eased some of the upward pressure on prices.
- thyssenkrupp Uhde completes pre-FEED for HAMR Energy’s renewable fuels project in Australia 8/21
- Europe distillates-diesel profit margins firm 8/21
- U.S.: Indiana's bp refinery restarts after severe flooding 8/21
- Berlin weighs trusteeship extension for Rosneft's German assets 8/21
- Trump administration to rule on biofuel exemption requests, delay reallocation decision 8/21
- TotalEnergies' Donges refinery fire extinguished 8/21
