Europe
India's Russian oil imports down in January amid trade talks with U.S.
On Monday, U.S. President Donald Trump announced a trade deal with India to cut tariffs to 18% from 50% in exchange for New Delhi halting Russian oil purchases and lowering trade barriers.
Russia's diesel exports jump 19% in January m/m
Exports however were 4.6% below the level of January 2025 as maintenance, drone attacks and other factors affected output.
Italy's Eni teams up with Q8 to build biorefinery in Sicily
The move is part of Eni's strategy to overhaul its loss-making chemical business as the European petrochemical sector struggles with overcapacity.
French ethanol use jumps 15% in 2025, driven by gasoline demand
Of the global volume consumed in France last year, 60% was produced locally, made from sugar beet, wheat, maize and crop residues.
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Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction
