Economics
Nigeria's NNPC says it will end monopoly on petrol supplies
Nigeria's state owned oil company NNPC will soon end its monopoly on petrol supplies, its chief executive told local television, a day after it nearly tripled prices at its fuel stations countrywide.
Indorama Ventures and Carbios reaffirm partnership to build first-of-a-kind PET biorecycling plant in France
Indorama Ventures Public Company Limited and Carbios announce the signing of a non-binding Memorandum of Understanding to form a Joint Venture for the construction of the world’s first PET biorecycling plant in France .
Emerson helps optimize innovative recycling process
Global software and technology leader Emerson is helping the Swedish cleantech company HaloSep to optimize their unique process that turns hazardous incinerator flue gas residue from waste-to-energy plants into usable materials.
Future refineries in India may be smaller capacity
India will look at building smaller oil refineries because of problems in acquiring land as it aims to raise its annual refining capacity to 9 million bpd.
Nigerians rush to buy fuel to beat impending price hikes
Long fuel queues returned to Nigeria's cities as motorists rushed to fill their tanks while some retailers hiked prices amid uncertainty on the timing of the removal of a fuel subsidy that new President Bola Tinubu said would be scrapped.
bp to use Honeywell’s Ecofining technology to increase SAF production worldwide
Honeywell announced that bp selected its Ecofining technology to help support the production of SAF at five facilities.
Nigeria to triple petrol prices after president says subsidy to end
Nigeria's state oil firm NNPC Ltd is proposing hiking petrol prices to as high as 557 naira ($1.21) per liter from 189 naira, according to a circular it sent to fuel stations.
Oil slips as economic jitters offset U.S. debt deal
Oil prices slipped as economic worries over further interest rate hikes trumped a tentative debt ceiling deal reached in the U.S., possibly averting a default in the world's largest economy and oil consumer.
Turkey's Urals oil purchases hit seven-month high in May
Turkey's purchases of Russian Urals oil hit a seven-month high in May as Turkish refiners took advantage of low prices for the grade.
- Trafigura to use Babcock's ammonia fuel supply system onboard gas carriers 7/7
- Lotte Chemical Titan secures $3-B ethylene supply deal in Indonesia 7/7
- Diesel East-West price spread nears 1.5-yr high amid supply concerns West, stable East 7/7
- U.S. Gulf Coast fuel oil imports at record low as refiners opt for heavier crude 7/7
- Shell flags profit hit from weakness in gas trading and chemicals business 7/7
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
