Economics
India makes clean energy push at G20 with global biofuel alliance
India announced the launch of a global biofuel alliance at a G20 summit in New Delhi to boost the use of cleaner fuels.
Russia ships first oil cargo to Brazil as it seeks to diversify buyers
Russia is shipping its first crude oil cargo to Brazil, as it seeks to diversify its list of buyers, which has been drastically limited by U.S. and EU sanctions.
U.S. says it disrupts illicit oil shipment by Iran's IRGC, seizes contraband crude
The U.S. said it has halted a multi-million dollar shipment of crude oil by the Islamic Revolutionary Guard Corps being shipped in violation of sanctions against Iran, and seized more than 980,000 barrels of contraband crude oil.
Italy delays regional plan to limit diesel cars after protests
Italy's government postponed a plan by one of the country's most polluted regions to ban old diesel vehicles from towns and cities during working hours, an initiative that had sparked protests by motorists.
Oil cut extension raises risk of Saudi economic contraction this year
Saudi Arabia faces the risk of an economic contraction this year following its decision to extend crude production cuts, highlighting its still heavy reliance on oil as reforms to diversify are slow moving.
Oil India plans net zero by 2040, to invest $2 B in projects
Oil India Ltd aims to invest 165 B rupees ($1.98 B) in clean energy projects to meet its 2040 net zero carbon.
German parliament passes bill phasing out oil and gas heating systems
Germany's lower house of parliament passed a bill on phasing out oil and gas heating systems after months of wrangling, but the watered-down bill means the sector's 2030 climate goal cannot be reached.
Oil ticks higher as tight supply trumps macroeconomic gloom
Oil prices hovered above $90 a barrel, on track to end the week higher as investors chose to focus on tighter supply, despite broader macroeconomic uncertainty.
Singapore turns net importer of gasoil this week; distillates stocks at 5 month high
Singapore's middle distillates stocks climbed to near five-month highs after official data showed the country flipped to becoming a net importer of gasoil for the week and as jet fuel/kerosene net exports fell.
Gunvor partners with Varo on $600-MM bio-jet fuel site in Rotterdam
Refiner and trader Varo Energy plans to build a new SAF manufacturing facility at Gunvor's Rotterdam refinery with a $600-MM investment which will meet up to 7% of the EU's 2030 SAF target
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
