Economics
Serbia has a week to resolve NIS refinery crisis, President Vucic says
Washington is seeking complete Russian divestment from NIS, which operates Serbia's only refinery, and on Saturday gave the company's owners three months to find a buyer.
Bulgaria wins UK sanctions reprieve on refinery, petrol stations
The UK last month announced sanctions on Russia's two biggest oil companies, Rosneft and Lukoil, and a week later the U.S. followed suit in a bid to squeeze the financing of Moscow’s war effort in Ukraine.
Bulgaria's president vetoes law to seize Lukoil refinery amid U.S. sanctions
Bulgaria's President Rumen Radev returned the legislation to parliament for further discussion, saying the changes failed to provide protection against future financial claims against the state, violated Bulgaria's constitution and posed a risk to public finances.
INEOS prepares 10 anti-dumping cases to EU commission in unprecedented move
Europe’s chemical sector, the foundation of modern manufacturing, is being drowned by a tidal wave of low-cost imports from Asia, the Middle East and the United States. These products are undercutting European producers who face the world’s highest energy prices and escalating, unilateral carbon costs.
Bulgaria restricts fuel exports to EU following Lukoil sanctions
The ban will not apply to the refueling of domestic and foreign ships, aircraft and deliveries to the armed forces of European Union and NATO member states.
Diesel rally sparked by Western sanctions on Russia will be short-lived
A new wave of Western sanctions on Russia’s oil industry has roiled the diesel market, sending refining margins soaring, but global supplies are unlikely to be severely disrupted for long.
Asia refining margins soar as sanctions threaten Russian supplies
The strength has mainly been driven by the global diesel market, which has staged an upward swing in recent weeks on robust demand and tighter supply prospects.
- Kumho Mitsui Chemicals to increase capacity of MDI production facilities 12/15
- ABS, Eneos, NYK Line and Seacor Holdings launch joint study to develop a methanol marine fuel supply network in the U.S. 12/15
- ENEOS accelerates AI-driven materials discovery of immersion cooling fluids and novel catalysts Using NVIDIA ALCHEMI 12/15
- SAMSUNG E&A wins FEED contract for nearly $5-B SAF plant in the U.S. 12/15
- KBR wins green ammonia project by IGNIS in Spain 12/15
- Phillips 66 announces $2.4-B capital budget for 2026 12/15
