Europe
CIMC Enric signs contract with Amon Gas for ammonia-fueled MGCs
CIMC Enric Holdings Limited and its subsidiaries announced that Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. (CIMC SOE), a subsidiary of CIMC Enric, has signed a shipbuilding contract with the Norwegian company Amon Gas for the construction of 2+2 51,000 m³ ammonia dual-fuel medium-sized LPG/liquid ammonia carriers (MGCs, Medium - sized Gas Carrier).
Indian state refiners pause Russian oil purchases
India, the world's third-largest oil importer, is the biggest buyer of seaborne Russian crude, a vital revenue earner for Russia as it wages war in Ukraine for a fourth year.
Key Asian fuel exporters boost jet fuel sales to Europe in July
Jet fuel exports from South Korea, China and Southeast Asia to Europe likely hit a multi-year high in July as traders shipped out excess regional supply to cash in on higher European prices.
CLG and INA successfully produce SAF from biogenic feedstock
Chevron Lummus Global (CLG) announced a successful commercial test for co-processing biogenic feedstocks and fossil feedstocks at INA Group's Rijeka Refinery in Croatia.
Trump threatens secondary sanctions on Russian oil exports, tariffs to reach as high as 100%
U.S. President Donald Trump unexpectedly shortened his deadline for hitting Russia with the most severe sanctions on its oil exports to date. While the market has called the president’s bluff thus far, the sheer scale of the threat may force investors to start pricing in this meaningful tail risk.
EU Russia sanctions add fuel to red-hot global diesel market
New European Union sanctions targeting Russia's oil industry will reshuffle global diesel flows for the second time since 2022, adding pressure to an already red-hot market.
Spanish oil company Moeve's profit falls on blackout impact
The company attributed the core profit decline mainly to the cost of halting and restarting its two oil refineries during and after the April 28 blackout.
Austria's OMV finds chloride contamination in Azeri crude
Organic chloride contamination in Azeri BTC crude cargoes was discovered last week, sending price differentials to a four-year low and causing several days' delays to loadings from Turkey's BTC Ceyhan terminal.
CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions
The reshuffle at the top is the latest disruption for the company since the EU announced a new round of sanctions last Friday directed at Russia over its war in Ukraine.
SWISS becomes world’s first airline to integrate Synhelion solar fuel into its flight operations
Swiss International Air Lines (SWISS) has become the first airline in the world to integrate the solar fuel manufactured by the Swiss-based Synhelion clean-tech company into its regular flight operations.
- Chevron Phillips Chemical completes low-viscosity PAO expansion in Belgium 8/12
- AFPM: U.S. RFS proposal misses the mark on affordability, security by an ‘Iowa mile’ 8/12
- Sasol expects profit rebound on higher chemical prices and lower impairments 8/12
- Indonesia's Pertamina delivers first used cooking oil aviation fuel 8/12
- India's HMEL plans to shut refinery for 40-day maintenance, sources say 8/12
- Indian refiners using term deals as hedge against Russian supply risk 8/12
