Economics
Indonesia's Pertamina may seek new Tuban refinery partner due to Rosneft uncertainty
Indonesia may seek a new partner for state-run Pertamina's refinery project in Tuban, East Java, due to uncertainty over its partnership with Russia's Rosneft.
Neste's renewable fuel supports Outokumpu's Kemi mine in carbon neutrality goal
Outokumpu will replace the fossil fuels used by its Kemi mine and Tornio steel mill and the contractors on these sites with Neste MY Renewable Diesel.
Neste, ISCC, and DHL pilot credible sustainability traceability for SAF use
Neste, ISCC and DHL Group joined forces to pioneer and test a system through which airlines, logistics service providers and end customers such as corporates can credibly report the emission reduction achieved by using SAF to reduce their carbon footprint from air travel and transport.
U.S. manufacturing rebound will stretch diesel supplies
U.S. manufacturers reported business activity declined for the 11th month running in September, but the cycle appeared to be close to its trough and poised to return to growth in the next few months.
Russia’s Lukoil lends Socar $1.5 B in deal to supply its Turkish STAR refinery
Private Russian oil producer Lukoil will lend Azeri state oil firm Socar $1.5 B as part of a broader deal that will allow Socar's 200,000-barrel-per-day Turkish STAR refinery to process Russian crude again.
Petronas, Idemitsu in deal to develop sustainable aviation fuel
Malaysian state oil company Petronas and Japan's second-biggest oil refiner Idemitsu Kosan Co signed a preliminary agreement to collaborate on development and distribution of sustainable aviation fuel.
Russia surpasses UAE as India's top naphtha supplier amid discounts
Russia has overtaken the UAE to become India's top naphtha supplier, data shows, as New Delhi takes advantage of discounted Russian oil products and the re-routing of trade flows in the aftermath of Moscow's Ukraine invasion.
Putin orders regulated prices for fuel oil, Russia's export ban stays
Russian President Vladimir Putin has ordered the government to provide state funds to ensure a smooth heating season, including the introduction of regulated prices for fuel oil supplied for household heating in some regions.
Singapore's middle distillates stocks near 2-year high on lower gasoil net exports
Singapore's middle distillates stockpiles hovered around a two-year high, tracking declines in net gasoil exports, though a rise in jet fuel/kerosene net exports slowed down the overall inventory pile up.
Evonik further expands production capacity for gas separation membranes
Evonik will further expand capacity for production of its SEPURAN hollow fiber membranes in Schörfling and Lenzing, Austria.
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
