Economics
Gasoline, diesel vehicles dominate India's auto market, EVs lag
India's road transport minister warned local and foreign automakers to either cut production of polluting diesel vehicles or face higher taxes and levies, setting alarm bells ringing in the world's third-largest car market.
Korean Air introduces Cargo SAF Program
Korean Air will launch a program to use SAF for air cargo operations in cooperation with air cargo customers and forwarders.
Europe set for light autumn refinery maintenance as fuel markets tighten
European oil refiners are set to have an autumn maintenance season less busy than usual as they try to capture higher profit margins amid low fuel inventories and robust demand for gasoline and diesel.
Marathon Galveston Bay, Texas, (U.S.) FCC expected to be shut until late this week
The fire-damaged, gasoline-producing fluidic catalytic cracker at Marathon Petroleum's 593,000 bpd Galveston Bay Refinery in Texas City, Texas, is expected to be shut until late this week.
India makes clean energy push at G20 with global biofuel alliance
India announced the launch of a global biofuel alliance at a G20 summit in New Delhi to boost the use of cleaner fuels.
Russia ships first oil cargo to Brazil as it seeks to diversify buyers
Russia is shipping its first crude oil cargo to Brazil, as it seeks to diversify its list of buyers, which has been drastically limited by U.S. and EU sanctions.
U.S. says it disrupts illicit oil shipment by Iran's IRGC, seizes contraband crude
The U.S. said it has halted a multi-million dollar shipment of crude oil by the Islamic Revolutionary Guard Corps being shipped in violation of sanctions against Iran, and seized more than 980,000 barrels of contraband crude oil.
Italy delays regional plan to limit diesel cars after protests
Italy's government postponed a plan by one of the country's most polluted regions to ban old diesel vehicles from towns and cities during working hours, an initiative that had sparked protests by motorists.
Oil cut extension raises risk of Saudi economic contraction this year
Saudi Arabia faces the risk of an economic contraction this year following its decision to extend crude production cuts, highlighting its still heavy reliance on oil as reforms to diversify are slow moving.
Oil India plans net zero by 2040, to invest $2 B in projects
Oil India Ltd aims to invest 165 B rupees ($1.98 B) in clean energy projects to meet its 2040 net zero carbon.
- Topsoe and Sasol bring advanced SAF technology to Allied Biofuel’s landmark project in Uzbekistan 7/14
- Siemens Energy begins preparations for the launch of an independent brand 7/14
- Emerson helps Romania’s largest refinery reduce control system alarms by over 95% 7/14
- Bunker One executes Latin America's first bioethanol bunkering of a deep-sea container vessel 7/14
- Kognitiv Spark advances the future of connected field worker collaboration 7/14
- EIA: Global LNG trade volumes reached record high in 2025 7/14
