Crude oil
AFPM: Will the ‘26-‘27 RFS ‘unleash’ affordable, reliable energy?
The Environmental Protection Agency is attempting to finalize the largest and most expensive Renewable Fuel Standard (RFS) mandate in history. This would significantly increase costs for American refiners and consumers.
Aster Chemicals declares force majeure at Singapore naphtha cracker
Singapore's Aster Chemicals and Energy has declared force majeure on petrochemical supplies from its naphtha cracker on Bukom island
Orlen signs 1-yr deal with Equinor for supply of 15% oil it uses
Under the 1-yr contract, oil will be delivered from the Norwegian port of Mongstad starting next month. Shipments may be directed to refineries in Poland as well as to Lithuania and the Czech Republic.
Russia's idle oil refining capacity record high after Ukrainian drone attacks
Damage from Ukrainian drone attacks and extensive planned maintenance have sent Russia's offline oil refining capacity to a record high in August, though working sites are likely to spur output to help mitigate the impact.
South Korea petrochemical overhaul likely to shut small, stand-alone naphtha crackers
Small and stand-alone naphtha crackers are likely to shut while some plants could merge as part of an overhaul of South Korea's oversupplied petrochemical sector, which will cut naphtha demand at the world's largest importer of the fuel.
India's ONGC plans to set up trading unit for crude, refined fuels for group firms
India's state-run Oil and Natural Gas Corp (ONGC) is planning to set up a trading unit for the crude and refined fuels of its group companies, a top executive at ONGC Videsh said.
China's carbon market to introduce absolute emissions caps from 2027
China will tighten its carbon trading market by introducing absolute emissions caps in some industries for the first time starting by 2027, China's cabinet said.
EIA: U.S. transportation fuel demand remains below pre-pandemic levels
Five years after the COVID-19 national emergency was declared, gasoline demand, distillate demand and jet fuel demand all remain less than pre-pandemic averages.
ExxonMobil announces Group III base stocks production
ExxonMobil has introduced its Group III base stock slate, which will include 4 and 6 cSt at 100°C base stocks to the North America market.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
