Economics
EU lawmakers approve binding green fuel targets for aviation
The European Parliament adopted a deal to set binding targets for airlines in Europe to increase their use of SAF.
bp commits to Germany with $11-B low-carbon investment push
bp plans to invest up to €10 B ($10.7 B) in low-carbon fuels, renewables and EV charging in Germany by the end of the decade to rival local power firms, as competition over the energy transition of Europe's largest economy intensifies.
Sempra Infrastructure completes sale of non-controlling interest in Port Arthur LNG Phase 1 to KKR
Sempra Infrastructure announced that it has completed the sale of a 42% indirect, non-controlling interest in its Port Arthur LNG Phase 1 project to KKR.
Historic SAF delivery arrives in Copenhagen – growing demand in Danish aviation
To meet growing demand for SAF from airlines, DCC & Shell Aviation Denmark are now, for the first time in Denmark, establishing a large inventory of bio-based aviation fuel, SAF.
Evonik expands catalyst production in China
Evonik Industries has completed the relocation and expansion of its precious metal powder catalyst plant in Shanghai Chemical Industrial Park (SCIP).
USDA to adjust GHG model to help ethanol get aviation fuel subsidy
The U.S. Department of Agriculture will spend up to $400,000 to adjust a federal greenhouse gas emissions model to ensure that aviation fuel made from corn-based ethanol is eligible for hefty subsidies.
As Saudi oil cuts raise prices, Asia refineries buy elsewhere
Refiners across the top-importing region of Asia are being forced to adapt buying patterns as the additional output cuts by Saudi Arabia have reduced availability of their preferred medium sour grades of crude.
U.S. East Coast scrambles for distillates ahead of refiner maintenance
U.S. East Coast fuel suppliers are scrambling for distillate supplies ahead of planned maintenance at two key refineries that are set to further tighten supplies and boost prices in the populous region that already has low inventories ahead of winter.
Putin says government did not act in time on high fuel prices
Russian President Vladimir Putin said in comments about high domestic fuel prices that the government had failed to react in time to the rising price of oil on global markets.
Gazprom says Astrakhan plant resumes diesel output
Russia's Gazprom said that its Astrakhan gas processing plant had resumed diesel output after maintenance works, Interfax reported.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
