Economics
Global distillate stocks low despite industrial slowdown
Global distillate fuel oil cracks have strengthened slightly over the last month as inventories have not risen as much as expected given the scale of the manufacturing and freight downturn across the major economies.
Neste enables Cargolux to become the first airline to use SAF at Luxembourg Airport
Cargolux became the first airline to uplift sustainable aviation fuel at Luxembourg Airport with the use of the fuel on a celebratory cargo flight.
bp's Toledo refinery suffered cascade of malfunctions before fatal explosion
Supervisors at bp's Toledo, Ohio refinery opted to keep the plant running despite a series of malfunctions and a petroleum spill in the hours before an accident that killed two workers last year.
Iran, Venezuela eye trade increase, sign petrochemical deal
Iran and Venezuela want to increase bilateral trade to $20 B, up from $3 B, Iranian President Ebrahim Raisi said during a visit to Caracas.
CPGC and BASF accelerate onboard CO2 capture system development
CSSC Power Co., Ltd. and BASF have formed a solid cooperation to expedite the progress of onboard carbon capture system for commercial maritime applications.
Pakistan PM says first discounted Russian crude oil cargo arrives in Karachi
Pakistan's Prime Minister Shehbaz Sharif said the first cargo of discounted Russian crude oil arranged under a new deal struck between Islamabad and Moscow had arrived in Karachi.
Reliance suspends Sikka diesel exports due to cyclone
Reliance Industries , which operates the world's largest refining complex, has suspended exports of diesel and other oil products from India's Sikka port because of a cyclone off the west coast of the country, traders said.
Venezuela's PDVSA resumes operations at El Palito refinery unit
Venezuela's state energy company Petroleos de Venezuela PDVSA has resumed operation at the catalytic cracking unit at the El Palito refinery.
China's Unipec boosts Oman crude sales, caps oil prices despite Saudi cuts
China's Unipec, the trading arm of top Asian refiner Sinopec, has emerged as a major seller of August-loading Oman crude, a move that has helped to cap benchmark prices despite Saudi Arabia's plans to cut output next month.
Oil prices fall, U.S. Fed rate decision in focus
Oil prices fell ahead of a U.S. Federal Reserve meeting as investors tried to gauge its appetite for further rate hikes and amid concerns about the prospects for Chinese demand and rising Russian supply.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
