Economics
EU, Britain go ahead with new Russia sanctions without waiting for Trump
The EU and Britain announced new sanctions against Russia on Tuesday without waiting for Washington to join them, a day after President Donald Trump's phone call with Vladimir Putin brought about neither a ceasefire in Ukraine nor fresh U.S. sanctions.
Stronger U.S. hurricane season could mean more oil supply outages
An expected stronger hurricane season than average raises the risk of weather-related production outages in the U.S. oil industry.
HPCL aims to start crude unit at 9-MMtpy Rajasthan refinery (India) in October
Hindustan Petroleum Corp. Ltd. announced that it plans to begin crude processing at its 9-MMtpy Rajasthan (India) refinery in October of this year. The company has also announced that it hopes to start petrochemicals production in January 2026.
Russia in favor of extending partial gasoline export ban
Russian government is in favor of extending its partial gasoline export ban, which is in force until the end of August, to September and October
Nigeria's fuel traders struggling to secure gasoline from refurbished state refineries
Nigerian fuel traders are struggling to secure gasoline supplies from two newly refurbished state-run refineries six months after they were declared operational, they say, leaving them reliant on the privately owned Dangote oil refinery and imports.
Germany's VCI says chemical sector sales grew 1.8% in Q1 of this year
Quarterly sales in Germany's chemical industry grew 1.8% from last year, helped by higher demand and pull-forward effects from U.S. customers stocking up
Brazilian sugarcane processors mulling switch to more ethanol production
Some sugarcane processors in Brazil are closely following the price gap between sugar and ethanol and could start making more of the biofuel if sugar prices continue to fall and oil prices continue their recovery from recent lows.
Fuji Oil cancels Japanese biofuels plant due to high construction costs
Fuji Oil has decided to cancel plans to build a biofuels manufacturing plant at the Sodegaura refinery in Chiba, Japan, due to higher-than-expected construction costs.
Insight: Lifting U.S. sanctions on Iran could crush China’s 'teapot' oil refineries
The possible lifting of U.S. sanctions on Iran's oil exports could deal a fatal blow to independent Chinese refineries that have thrived by processing Tehran’s discounted crude, while also putting further downward pressure on oil prices.
hte, Mitsubishi Chemical partner to screen MMA oxidation catalysts
hte signed a contract with Mitsubishi Chemical to provide research services for the screening of MMA oxidation catalysts. The research project included an accelerated aging study, with the aim to qualify a catalyst with extended lifetime properties for the commercial operations.
- 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
