Economics
China’s first helicopter flight using sustainable aviation fuel
An Airbus H125 helicopter belonging to State Grid Space Technology Co., Ltd has successfully used SAF for a flight demonstration at Hefei Shiwan Airport in China.
South Korea jet fuel exports to U.S. set to rise to near 2-year high in June
South Korean jet fuel exports to the United States in June are headed for a near two-year high as oil traders cash in on stronger U.S. demand as Asia's aviation sector is still recovering, industry sources said.
Indonesia's PGN to supply gas to Lotte Chemical petrochemical plant
Indonesia's state-controlled gas company Perusahaan Gas Negara said it would supply natural gas to a petrochemical plant operated by a unit of South Korea's Lotte Chemical Corp .
Petroperu close to boosting crude supply for Talara refinery, president says
Peru's state-owned energy firm Petroperu is negotiating with oil producers in the Americas and Asia to import about 63,000 bpd of crude for its newly modernized Talara refinery.
Neste decides to invest in liquefied waste plastic upgrading unit at its Porvoo refinery
Neste has made the final investment decision to commence construction of upgrading facilities for liquefied plastic waste at its Porvoo refinery in Finland.
Mitsui O.S.K. Lines, Ltd. makes strategic investment in Ascension Clean Energy
MOL Clean Energy and Clean Hydrogen Works, LLC announce MCE as a Joint Venture shareholder in Ascension Clean Energy, a proposed world-scale, clean hydrogen-ammonia production and export facility in Ascension Parish, Louisiana.
Singapore May bunker sales hit over 5-year high as vessel arrivals spike
Monthly sales of marine fuel, also known as bunker fuel, hit over five-year highs at the world's largest refueling hub Singapore in May as vessel arrivals spiked amid firm container throughput, official data showed.
Bunge boosts oilseed dominance, renewable diesel potential with Viterra deal
Bunge's planned acquisition of Viterra would make the world's biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, although it may face competition hurdles.
India soon to overtake China as largest oil demand driver
India will soon overtake China as the largest driver of global oil demand, International Energy Agency chief Fatih Birol said.
U.S. crude inventories post surprise large build, fuel stocks rise
U.S. crude oil stockpiles posted a surprise large build last week, while gasoline and distillate inventories gained more than expected.
- 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
