Economics

U.S. crude stockpiles rise as refineries begin maintenance

U.S. crude oil inventories rose last week as refineries headed into maintenance season, while gasoline stocks fell ahead of the long Labor Day weekend, data from the Energy Information Administration showed.

U.S. biodiesel and renewable diesel imports fall sharply in 2025 after tax credit change

U.S. imports of biodiesel and renewable diesel significantly decreased in the first half of 2025 compared with the same period in previous years. This decline is primarily due to the loss of tax credits for imported biofuels and generally lower domestic consumption of these fuels.

Shell officially scraps plans for 820,000-tpy biofuels facility in Rotterdam

Shell will not resume construction of a biofuels facility at its Shell Energy and Chemicals Park in Rotterdam after an in-depth evaluation found it would not be competitive, the company said.

Europe distillates-diesel profit margins rise 5.7% on refinery maintenance

European diesel refinery profit margins rose by 5.7% on Tuesday, supported by upcoming maintenance at the region's largest oil refinery.

Construction to begin on multi-billion-dollar polyethylene plant in Kazakhstan

The main construction work at the polymerization unit of the future polyethylene production plant (a joint project of KazMunayGas, SIBUR and Sinopec) in Kazakhstan will begin in October 2025, KazMunayGas said.

West hits ‘peak sanctions’ on Russia’s energy sector

The complex web of Western sanctions targeting Russia’s oil and gas industry has failed to impede Moscow’s energy flows or its war effort, suggesting that time and overuse are blunting the force of U.S. and European financial weapons.

Flare system design—The importance of periodic evaluation of existing facilities

AFPM: Will the ‘26-‘27 RFS ‘unleash’ affordable, reliable energy?

The Environmental Protection Agency is attempting to finalize the largest and most expensive Renewable Fuel Standard (RFS) mandate in history. This would significantly increase costs for American refiners and consumers.

India's ONGC to keep buying Russian oil if prices economical

Indian explorer Oil and Natural Gas Corporation said its refining units will continue to buy Russian oil if available at economical prices.

Europe distillates-diesel profit margins hold steady