Economics
Russia's September Urals discount begins to widen as India slows purchases
Spot discounts for Russian crude for September loading have started to deepen as India, a key customer of Moscow, reduces purchases due to high prices and maintenance outages at some refineries, four traders and Indian refinery officials said.
China oil buying frenzy cools as record inventory shields it from price rally
China, the world's top crude importer, is drawing on record inventories amassed earlier this year as refiners scale back purchases after OPEC+ supply cuts drove global prices above $80 a barrel, traders and analysts said.
Asia's refiners face profit crunch as Kuwait cuts crude exports
Asian refiners are on the hunt for crude oil to replace Kuwaiti supply as the OPEC producer cuts exports by nearly a fifth to feed its huge new refinery, which is driving up prices for other sour crudes and likely to squeeze profit margins.
China's July diesel exports surge amid strong margins, weak domestic recovery
China's exports of fuel products more than doubled in July from a year earlier, data showed, as refiners maintained high run rates and took advantage of strong export margins.
China makes rare draw on crude oil inventories as imports slip
China made a rare draw on crude oil inventories in July as imports softened and refinery processing remained elevated to meet rising domestic demand and a surge in refined fuel exports.
Lummus' Novolen technology celebrates 100 licensed production lines
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the recent licensing of its 100th Novolen polypropylene production line.
Braskem and SCG Chemicals join forces for bio-based ethylene project in Thailand
Braskem and SCG Chemicals have signed a joint venture agreement to create Braskem Siam Company Limited. This joint venture aims to produce bio-ethylene from bio-ethanol dehydration and to commercialize “I’m green” bio-based polyethylene, using the EtE EverG reen technology.
Oil rises as China seeks to soothe economic woes
Oil prices rose more than 1% after China's central bank sought to stem the rising tide of pessimism over the country's property market and wider economy.
EU to probe if Indonesia circumventing biodiesel import duties
The European Union said it had launched an investigation into whether Indonesia was circumventing EU duties on imports of biodiesel originating in the country by going through China and Britain.
Kuwait oil minister says study shows lack of interest in Al Zour Petrochemical complex
Kuwait's oil minister said the results of a study conducted by Ernst & Young showed a lack of investor appetite for participation in the Al Zour Petrochemicals complex project.
- 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
