Economics
Borouge & Borealis unveil auto products made of 70% recycled materials
Borouge PLC and Borealis announced the launch of two new sustainable polymer products for the automotive industry.
Indonesia's H1 biodiesel consumption at 5.41 MM KL
Indonesia’s consumption of palm oil-based biodiesel for the first six months of this year was 5.41 million kiloliters, data from palm oil fund agency BPDPKS showed.
Indonesia's Pertamina to build new fuel terminal following deadly fire
Indonesia's state energy company PT Pertamina said it will develop a fuel storage facility in north Jakarta, following a deadly fire that broke out at a terminal earlier this year and spread into a densely populated residential area.
India's fuel demand slips to 10-month low in July
India’s fuel consumption slipped to a 10-month low in July, government data showed, as monsoon rains restricted mobility in the world's third-biggest oil importer and consumer.
Phillips 66, ADM in talks on biofuels joint venture
U.S. oil refiner Phillips 66 and grain trader Archer-Daniels-Midland are discussing a biofuels joint venture with an aim toward producing lower-carbon jet fuel, three people familiar with the matter said.
TotalEnergies restating Port Arthur, Texas, reformer
TotalEnergies began restarting the reformer at its 238,000-bpd Port Arthur, Texas, refinery on Monday, people familiar with plant operations said.
China's Yanchang seen doubling Russian oil purchases
China's state-controlled Shaanxi Yanchang Petroleum Group is expected to double its purchases of Russian ESPO blend this year to about one million metric tons, according to two sources familiar with the plant's operations.
Aramco supplies remain adequate despite oil production cuts
Saudi Aramco's CEO Amin Nasser said that the company's supplies to customers remain adequate even with recent voluntary oil production cuts by the kingdom, adding that global demand remained resilient despite economic headwinds.
Montauk Renewables, Inc. signs LoI with European Energy to provide CO2 for e-methanol production
Montauk Renewables, Inc. and its subsidiary, Montauk Energy Holdings, LLC, announced the Company signed a Letter of Intent with EE North America, LLC, a North American subsidiary of Denmark–based European Energy, to deliver all biogenic Carbon Dioxide volumes from all its Texas facilities sufficient for large scale production of e-fuels such as e-methanol.
U.S. manufacturing slowdown fails to rebuild diesel stocks
U.S. manufacturers reported another decline in activity in July 2023, but industrial electricity and especially diesel consumption have declined less than expected in recent months, explaining why prices remain relatively firm.
- SkyNRG starts construction on its first SAF plant in Delfzijl, the Netherlands 2/13
- India's Reliance wins U.S. license for Venezuelan oil 2/13
- Singapore light distillates stocks hit over 3-yr high on robust imports 2/13
- Three contractors injured at ExxonMobil facility in Beaumont, Texas (U.S.) 2/13
- China's epic renewables boom lifts it into rare clean capacity club 2/13
- TotalEnergies booked loss in France due to refining activities, CEO says 2/13
