Europe
Russia sticking to its oil output cuts says deputy Prime Minister Novak
Deputy Prime Minister Alexander Novak said Russia was abiding by its voluntary pledge to cut oil output by 500,000 bpd from February until the end of the year.
Kazakhstan to ban oil products supplies via rail to Russian port of Taman
Kazakhstan Railways will ban transportation of oil products to the Russian Black Sea port of Taman in 2023, according to a document from the state-owned railway operator.
Phillips 66 beats profit estimates as refining margins soar
U.S. refiner Phillips 66 beat Wall Street estimate for first-quarter profit, joining rivals in gaining from elevated margins on sustained fuel demand amid tight crude supplies.
Oerlikon orders fall as soft China demand hits polymers
Swiss industrial group OC Oerlikon said its orders fell nearly 14% in the first quarter, as weak filament demand in China led to postponements at its polymer business.
Neste moves forward in its renewable hydrogen project in Porvoo, Finland
In accordance with its ambition to reach carbon neutral production by 2035, Neste is working on a 120 MW electrolyzer project to produce renewable hydrogen at its Porvoo refinery in Finland.
Jet Aviation partners with FlyORO to bring blended sustainable aviation fuel to Singapore
Jet Aviation announced that it has partnered with FlyORO to offer custom blends of SAF at its Singapore Fixed Base Operation at Seletar Airport.
Business Trends: In uncertain times, how can industry balance energy security, sustainability and affordability?
What happened in 2022 has challenged assumptions about the energy transition.
Oil group MOL disputes hikes to pipeline fees through Ukraine, Croatia
Hungarian oil group MOL expects to be able to choose between Russian or non-Russian crude for its refineries by 2026 by implementing substantial investments.
Finland's Neste misses first-quarter earnings estimates, warns of market volatility
Finland's Neste on Friday posted weaker than expected first-quarter operating earnings and said forecasting both biofuels and oil sales margins will continue to be difficult owing to market volatility.
Jet2 invests in sustainable fuel plant as airlines seek to meet 2030 targets
Britain's Jet2 said it has invested in a sustainable aviation fuel production plant in northern England, as airlines jostle to secure supplies of the green fuel ahead of 2030 targets.
- YPF, Eni and XRG sign joint development agreement advancing 12-MMtpy Argentina LNG project 2/12
- Maire launches new technology to produce PTMEG, the key polymer composing the spandex fiber. 2/12
- Verde Clean Fuels announces suspension of development of Permian Basin gas-to-gasoline project 2/12
- Vietnam's largest refinery to operate at 120%-125% of designed capacity in Q1 2/12
- Indonesia's Medco expansion plans bet on rising energy demand in Southeast Asia 2/12
- Brazil to rebuild ethanol stocks in new harvest after 21% drop in 2025-2026 2/12
