Economics
Chevron sees California's fuel inventory law raising prices for customers
Chevron said that California's recently enacted legislation on oil refineries needing to maintain minimum fuel stocks was "flawed."
Orlen has lost $1.2 B on petrochemical project, state audit finds
Polish refiner Orlen is estimated to have lost 5 B zlotys ($1.22 B) on the Olefins petrochemicals project, State Assets Minister Jakub Jaworowski said on Wednesday as he presented the results of an audit of state companies.
Russia's oil and gas revenue down by a third in November m/m
Russia's oil and gas revenue in November is seen falling by one third to 0.78 T roubles (some $7.5 B) from 1.21 T in October.
Contentious COP29 deal shows climate cooperation fraying at edges
When COP29 President Mukhtar Babayev stepped to the podium at the closing meeting of the Baku climate summit on Sunday morning, hoping to clinch a hard-fought agreement on global climate finance, he carried with him two speeches. One was crafted around a hoped-for deal being struck, while the other for the possibility of a summit-collapsing impasse.
Nigeria's local currency crude sales fall short of target, Dangote refinery says
The Nigerian government's plan to sell crude priced in the local currency is faltering, with refiners, including the giant Dangote oil refinery, saying they are still unable to secure adequate supplies.
U.S. October gasoline imports hit post-pandemic low on slump in European shipments
U.S. waterborne gasoline imports fell in October to their lowest since the COVID-19 pandemic, with European shipments to the U.S. Northeast hitting a record low and Asian cargoes more than halved from a year ago.
Asia's jet fuel imports from India to hit multi-year highs in November
Asia's imports of jet fuel from India are set to hit multi-year highs in November ahead of peak winter demand after refinery outages and lower exports from China crimped supplies.
INEOS, GNFC sign MoU to build a new world scale acetic acid unit in India
INEOS Acetyls and Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) signed a Memorandum of Understanding to explore the feasibility to build a new world scale, 600,000-tpy acetic acid plant at GNFC's site in Bharuch, Gujarat, India.
Sinochem may keep bankrupt refineries as auctions draw little interest
Sinochem Group may keep three bankrupt oil refineries located in eastern China after auctions to sell them drew little interest from other companies, sources familiar with the matter said.
Copernic Catalysts to scale its catalyst for sustainable ammonia production
Copernic Catalysts, a developer of novel catalysts for sustainable chemicals and e-fuels, has raised an oversubscribed $8 MM Series Seed Prime round.
- Chiyoda, AVEVA forge strategic partnership to power plantOS with AVEVA CONNECT 6/27
- SABIC announces closure of Olefins 6 facility in Teesside, UK 6/27
- LyondellBasell's polyolefin technologies selected by SHCCIG Yulin for petrochemicals complex in China 6/27
- Damaged unit of Iran's South Pars refinery back operating 6/27
- hte conducts research for JGC to advance decarbonization by identifying suitable catalysts for ammonia cracking 6/26
- TES and CPC Finland to develop 500-MW e-NG project in Finland 6/26
