Economics
India's Nayara Energy increases fuel supply to HPCL after EU sanctions
Since the imposition of sanctions, Nayara has been operating its 400,000-bpd Vadinar refinery in western India at 70%–80% capacity.
Update: SOCAR inks deal to buy oil refiner Italiana Petroli
People close to the matter had previously said that Italy's Brachetti Peretti family was seeking an enterprise value of around €2.5 B ($3 B) for the company, which holds some €500 MM in cash.
AFPM: U.S. EPA’s RFS proposal doesn’t square with the ‘energy dominance’ agenda
Indonesia's Pertamina to merge refinery, shipping and retail operations
Indonesian state energy firm PT Pertamina will merge the operations of its refinery, shipping and retail units to improve efficiency in its core business, CEO Simon Aloysius Mantiri said.
China's teapot refiners face fresh test from crackdown on tax evasion
Refiners are required to pay consumption taxes both when they import feedstock such as fuel oil and also on the refined products they produce, but evasion is widespread.
Southeast Asia set to export surplus biofuels to Europe, Petronas executive says
Southeast Asia is positioned to export biofuels to other markets such as Europe as production capacity exceeds demand in the region, a senior executive with Malaysian state oil and gas company Petronas said.
U.S. refinery-state senators look to block Trump from shifting renewable fuel obligation
- 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
