Economics
Editorial Comment: Advancing catalyst technologies and a focus on plant optimization/efficiency
For nearly 100 yr, catalysts have been used within the processing industries.
Plant Design, Engineering, Construction and Commissioning: Manage the new risk profile of energy transition projects
The time is ripe to realize the vision of a clean energy future. However, that future comes with new risks.
Business Trends: Tier 3 gasoline production: The value of flexibility in volatile fuel markets
Despite the forecasted trend of declining demand for transportation fuels, many markets still depend heavily on these crude oil derivatives to sustain economic activity.
U.S. crude oil output fell in April as demand slowed
U.S. field production of crude oil fell in April to 12.615 million bpd, its lowest since February, the U.S. Energy Information Administration said.
Is oil market’s glass half full or half empty?
Global petroleum prices appear reasonable given the level of inventories – to the frustration of the producers who would like them to be significantly higher.
Oil heads for fourth straight quarterly decline
Oil prices rose above $75 a barrel but were on course for a fourth consecutive quarter of losses amid concerns over sluggish global economic activity and fuel demand.
Fashion industry driving demand for green shipping, Maersk says
Fashion brands are a key driver of demand for green shipping fuels, according to shipping group Maersk, as the sector faces pressure from consumers and regulators to reduce their climate footprint.
OPEC oil output posts small drop in June ahead of Saudi cut
OPEC oil output has fallen only slightly in June as increases in Iraq and Nigeria limited the impact of cutbacks by others, despite a wider OPEC+ deal and voluntary cuts by several members to support the market.
Oil steadies after spiking on U.S. inventory fall
Oil prices steadied, a day after rising sharply on a bigger-than-expected fall in U.S. inventories, as attention shifted back to rising interest rates denting global economic growth.
Biden administration to spend $450 MM on higher-blend biofuels
The U.S. Department of Agriculture will spend $450 MM to expand the production and availability of transportation fuels that are blended with higher volumes of biofuels, the agency said.
- 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
