Economics
Indonesia targets sugar self-sufficiency in 5 yrs, eyes ethanol production
Indonesia will expand its sugar plantation area to try to become self-sufficient in the next five years and is eyeing development of renewable sugar-based ethanol afterwards, President Joko Widodo said.
French energy minister says fuel supply crisis over
Supply at French petrol stations is returning to normal with only one TotalEnergies refinery at Feyzin in Southern France still on strike, Energy Minister Agnes Pannier-Runacher said on Thursday.
UK sanctions four Russian steel and petrochemical tycoons
Britain has sanctioned four Russian steel and petrochemical business owners, including the former head of steel producer Evraz, the government said on Wednesday, its latest measures taken against Moscow over the war in Ukraine.
Leading capital projects in a VUCA environment
A convergence of events has disrupted the construction industry.
Mexico's Pemex reports narrower quarterly loss, growing fuel sales
Mexican state oil company Pemex reported its third quarter net loss narrowed to $2.58 B but said it had suffered from increased sales costs as well as currency exchange losses as the peso weakened against the dollar.
Dr. Sultan Al Jaber calls for maximum energy, minimum emissions in ADIPEC opening address
ADIPEC is taking place against the backdrop of complexities which the world is facing and H.E. Dr. Al Jaber sought the wise counsel of the UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, in deciding whether to dwell on the challenges or focus on the opportunities in his remarks.
Chevron's $11.2 B quarterly profit soars past estimates
Chevron reported its second-highest ever quarterly profit, blasting past analysts' estimates, driven by soaring global demand for its oil and gas and rising production from its U.S. oilfields.
Valero CEO says U.S. energy secretary told shuttered refineries won't restart
Valero Chief Executive Joe Gorder said this week U.S. Energy Secretary Jennifer Granholm was told at a recent White House meeting with energy executives that refineries shuttered in the last few years won't return production.
Valero kicks off U.S. refiners earnings season with bumper profit
Refiner Valero Energy Corp reported a bumper third-quarter profit that zoomed past Wall Street estimates on Tuesday, as margins were boosted by demand for fuel and refined products.
Potential US refined oil product export ban would challenge already constrained global markets and refining systems
A proposed US refined product export ban would save US consumers at the gasoline pump but pose significant challenges and costs to US and global refining systems, according to a recent analysis from Wood Mackenzie.
- Brazil's Petrobras to invest $4.8 B in integration between Reduc refinery and Boaventura complex 7/8
- Braskem completes first sale of circular polyethylene in South America 7/8
- bp's 440,000-bpd refinery in Whiting, Indiana (U.S.), reported flaring due to operational conditions 7/8
- UK's insolvent Lindsey oil refinery secures some crude supply to keep running for now 7/8
- Brazil's energy minister hints at possible fuel price cuts 7/8
- Marathon Galveston Bay refinery (U.S.) hydrotreater to remain shut until September 7/8
