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Europe

Russia considers temporary fuel export ban due to domestic crunch

The Russian government is considering a complete ban on the export of oil products for a certain period of time in order to stabilize domestic fuel prices.

Galp's Sines refinery to shut down for two months

Portugal's 226,000-barrels-per-day Sines refinery, owned by Galp Energia , will shut down for two months between October and November for planned maintenance.

European Parliament supports RED III, bolstering EU's renewable energy goals

The European Parliament has overwhelmingly approved RED III, an updated Renewable Energy Directive, with 470 votes in favor and 120 against.

EU's SAF quotas not feasible with today's production

European Union quotas for SAF, seen as an expensive but essential key to greener air travel, are not achievable by today's standards, according to the chief executive of Germany's Lufthansa.

Belarus' Lukashenko says Minsk ready to increase fuel shipments to Russia

Belarusian President Alexander Lukashenko told Russian President Vladimir Putin that Belarus has recently supplied 60,000 tons of diesel and 60,000 tons of petrol to Russia and is ready to further increase shipments.

Fives announces the acquisition of ProSim

Fives, an international leader in industrial engineering, strengthens its capabilities with the acquisition of ProSim, an expert in process simulation and optimization.

Shipping group Maersk sets up green methanol company

Maersk has teamed up with its majority owner to form a new company to produce "green methanol" as it held a naming ceremony for the world's first container vessel powered by the low-carbon fuel.

Italy's Eni and LG Chem team up for biorefinery in South Korea

The sustainable mobility unit of Italy's Eni and petrochemicals maker LG Chem have teamed up to explore the potential development of a biorefinery in South Korea.

Volkswagen fight against Italian dieselgate fine to be decided by Italian court

Volkswagen's attempt to avoid being penalized twice for the same offence in the dieselgate scandal will depend on whether the wrongdoing is identical or just similar.

OPEC says IEA estimate of peak fossil fuel demand by 2030 not 'fact-based'

The Organization of the Petroleum Exporting Countries said data-based forecasts do not support the International Energy Agency's projection that demand for fossil fuels would peak in 2030.