Economics
Japan's Cosmo expects around 90% refinery run rate in 2024-25
Japanese oil company Cosmo Energy Holdings expects its refinery run rate to hover around 90% in the business year starting in April as it plans maintenance shutdowns at its Chiba and Yokkaichi sites.
U.S. crude stocks rise, gasoline and distillate inventories fall
U.S. crude stocks rose as oil refiners took in less oil, following extreme cold weather that knocked out utilization last month, the Energy Information Administration reports.
Marine biofuel premiums soften at top bunker hub Singapore
Spot premiums of marine biofuel fell at world's largest bunker hub Singapore in early 2024, several market sources said, weighed by lukewarm demand, lower biofuel feedstock costs and a stronger underlying benchmark for residual fuel oil.
API launches Standards Subscription Service
The American Petroleum Institute is pleased to announce the latest addition to the API Webstore - the new Standards Subscription Service which offers Webstore customers unlimited, 24/7 access to API’s comprehensive suite of safety standards and technical documents for use across their organization.
TotalEnergies no longer sending ships through Red Sea
TotalEnergies has not sent ships through the southern strait leading to the Red Sea and the Suez Canal for several weeks, extending its ships' travel time to Europe, the French oil major said.
India will be world's biggest oil demand growth driver through 2030
India is expected to be the largest driver of global oil demand growth between 2023 and 2030, narrowly taking the lead from top importer China.
Mabanaft successfully conducts scoping meeting for the construction of its planned ammonia import terminal in Hamburg
Hamburg-based energy company Mabanaft successfully completed the scoping meeting in the run-up to the approval procedure for the construction of its planned ammonia import terminal in the Port of Hamburg.
Woodside, Santos scrap talks on $52-B merger
Australia's Woodside Energy and Santos said they had ended talks to create a possible $52-B global oil and gas giant, and Santos flagged it would look for other ways to bolster its value.
Exxon raises Guyana's oil production to about 645,000 bpd
A consortium led by Exxon Mobil Corp which controls all oil production in Guyana is pumping about 645,000 bpd in the South American country, up from about 400,000 bpd in late 2023.
Belgium could pass law targeting export fuel quality in late March
The Belgian government aims to pass a law tightening the quality of exported fuels in the second half of March as it targets a profitable trade of lower-quality gasoline and diesel from Northern Europe to West Africa.
- Nextchem completes acquisition of Ballestra, expanding its technology portfolio in phosphates and fertilizers 6/25
- ABB's SensyMaster flowmeter receives SIL 2 certification for use in safety-critical process applications 6/25
- INEOS Oligomers announced two new product launches across its specialty chemicals portfolio. 6/25
- Maire signs MoU to explore SAF production in Kazakhstan 6/24
- Air Liquide to supply gases to Silleno's world-scale polyethylene plant 6/24
- Moscow oil refinery hit by drone attacks is unlikely to resume production this year 6/24
