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Europe

Putin orders regulated prices for fuel oil, Russia's export ban stays

Russian President Vladimir Putin has ordered the government to provide state funds to ensure a smooth heating season, including the introduction of regulated prices for fuel oil supplied for household heating in some regions.

Evonik further expands production capacity for gas separation membranes

Evonik will further expand capacity for production of its SEPURAN hollow fiber membranes in Schörfling and Lenzing, Austria.

Technip Energies awarded an advanced biofuels unit and a green hydrogen unit at Galp Sines Refinery

Technip Energies has been awarded Engineering, Procurement Services and Construction Management contracts by Galp for an advanced biofuels unit and a green hydrogen unit for its Sines refinery in Portugal.

Russia may ease ban on diesel exports soon

The Russian government is ready to ease a ban on diesel exports in coming days.

India buys less Russian oil while Turkey increases its purchases

India's share of Russian Urals oil shipments in September declined from August amid refinery maintenance, while Turkey increased purchases due to a shortage of sour barrels in the Mediterranean.

Egypt, Maersk's C2X sign agreement worth up to $3 B for production of green fuel

Egypt and Maersk's C2X signed a new framework agreement worth up to $3 B for the production of green fuel and its derivatives in the Suez Canal economic zone.

Saudi Arabia, Russia to continue voluntary oil cuts

Saudi Arabia and Russia said they were continuing voluntary oil cuts to year end as tightening supply and rising demand support oil prices.

Repsol selects Honeywell Ecofining Technology for biofuel production in Spain

Honeywell announced today that Repsol has licensed Honeywell Ecofining technology to produce renewable fuels from feedstocks such as used cooking oil and waste animal fat at Repsol’s facility in Puertollano, Spain.

Russia declines to say how long fuel export ban will last

Russia is setting no time frame for the fuel export ban it introduced last month, and it will remain in place as long as necessary to stabilize prices and address shortages on the domestic market.

Spain, IEA back Dutch call to phase out fossil fuel subsidies

Spain's energy minister and the head of the International Energy Agency backed the Netherlands' call for an international coalition to phase out fossil subsidies.