Economics
Oil prices rise on concerns over tightening supply
Oil prices gained after U.S. oil and fuel supplies tightened and as a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+ output cuts.
Neste and World Fuel Services expand availability of Neste MY SAF for European airports
Neste and World Fuel Services are significantly expanding the availability of Neste MY Sustainable Aviation Fuel in Europe, building on World Fuel's extensive network and customer base and Neste's well-established production and supply chain capabilities.
McDermott awarded PMC contract from IOCL
McDermott has been awarded a project management consultancy contract from India Oil Corporation Limited for the Maleic Anhydride (MAH) unit at the Panipat Refinery and Petrochemical Complex, located 62 miles from New Delhi, India.
U.S. EPA recommends delaying electric vehicles biofuel program
The U.S. Environmental Protection Agency has recommended delaying a scheme that would give electric vehicle manufacturers tradable credits under a federal biofuel program, in a final rule that the White House will now review.
China’s petroleum trade subdued at start of 2023
China’s petroleum trade has disappointed bulls hoping for a rebound at the start of the year to tighten global crude inventories, which helps to explain why benchmark oil prices have fallen progressively since late January.
Lummus acquires water and wastewater treatment technologies from Siemens Energy
Lummus Technology announced that it has reached an agreement with Siemens Energy to acquire assets from their water solutions portfolio including intellectual property and copyrights, trade secrets, and research and development properties. The technologies address water and wastewater needs of the oil and gas industry using carbon adsorption, biological treatment and hydrothermal processes.
Iraq awaits final answer from Turkey to resume exports
Iraq is still waiting for a final answer from Turkey to resume its northern oil exports, which run from the semi-autonomous Kurdistan region to the Turkish port of Ceyhan, Iraq's oil minister Hayan Abdel-Ghani said.
Methane hunters tap new technology to reshape policing of U.S. greenhouse emissions
Charlie Barrett walks through an oilfield in New Mexico's southeastern desert, where the air smells of rotten eggs and old pumpjacks sit among shrub oaks, and turns on an infrared camera that can detect emissions from oil and gas equipment.
Czechs take next step to eliminate Russian oil from Polish-owned refineries
The Czech Republic can cover its oil needs through shipments via the Transalpine Pipeline pipeline from 2025, Prime Minister Petr Fiala said after the country signed a deal to boost capacity along the link.
Oil rises on supply outlook, Saudi speculator warning
Oil rose supported by optimism the U.S. would avoid a debt default, a tighter market outlook and a warning from the Saudi energy minister to speculators that raised the prospect of further OPEC+ cuts to support the market.
- Hydrocarbon Processing launches AI platform to accelerate decisions in the downstream sector 7/7
- Digital Feature: The critical interdependency of relief valve analysis and flare system considerations during HAZOP 7/7
- 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
