Economics
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.
Fuel subsidy removal to save Nigeria 'from going under', president says
Nigeria's new President Bola Tinubu said his decision to remove a popular petrol subsidy would impose an extra burden on citizens but this would free up money for education, regular power supply, transport infrastructure and healthcare.
Pakistan's Russian crude shipment paid in Chinese currency
Pakistan paid for its first government-to-government import of Russian crude in Chinese currency, the South Asian country's petroleum minister said, a significant shift in its U.S. dollar-dominated export payments policy.
Poland to take 2035 fossil fuel car ban to top EU court
Poland will appeal against European Union rules to end the sale of fossil fuel cars across the bloc from 2035 to the top EU court within days.
- 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
