Economics
Volvo to end diesel car production by early 2024
Volvo Cars said that it will end production of any remaining diesel models by early 2024 as it heads towards becoming an all-electric carmaker.
EU lawmakers to grill new climate chief on fossil fuels
Lawmakers in the European Parliament plan to grill Wopke Hoekstra, who is poised to be the EU's next climate change chief, on how he would phase out fossil fuel subsidies and set a new emissions target for 2040.
BASF launches first biomass balance plastic additives
BASF announced the launch of the industry’s first biomass balance offerings for plastic additives.
Russia and China to build oil transshipment complex for $686 MM
Russia's United Oil and Gas-Chemical Co. and China's Xuan Yuan Industrial Development have agreed to jointly invest $686 MM in construction of a transshipment oil complex in Russia's far east.
France to let fuel retailers sell below cost in inflation fight
The French government plans to temporarily lift a ban on retailers selling road fuel below cost as part of efforts to stem inflationary pressures on households.
Pakistan raises petrol, diesel prices by record amount
Pakistan announced a record rise in petrol and diesel prices, the second big increase in two weeks for the South Asian nation that is already struggling with high inflation.
Russia considers temporary fuel export ban due to domestic crunch
The Russian government is considering a complete ban on the export of oil products for a certain period of time in order to stabilize domestic fuel prices.
Galp's Sines refinery to shut down for two months
Portugal's 226,000-barrels-per-day Sines refinery, owned by Galp Energia , will shut down for two months between October and November for planned maintenance.
China's diesel exports surge in August, have nearly tripled so far in 2023
China's diesel exports in August surged from a year earlier and have nearly tripled so far in 2023 compared to the same time a year ago, data showed, as refiners take advantage of strong regional refining margins to ship fuel overseas.
PT Pertamina International chooses Topsoe technology at Cilacap facility in Indonesia
Topsoe has been selected by PT KPI as a technology licensor to provide its HydroFlex technology for the production of renewable fuels at the Cilacap Refinery Complex in Central Java, Indonesia.
- 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
