Economics
China's Rongsheng, Saudi Aramco in talks to buy stake in each other's units
Chinese privately-controlled refiner Rongsheng Petrochemical and Saudi Aramco are in talks for the Chinese company to buy a 50% stake in the Saudi company's refining unit SASREF.
Jet Aviation partners with World Fuel Services to offer SAF in Montana and Arizona (U.S.)
Jet Aviation announced that it has signed an agreement with World Fuel Services to secure and offer SAF on-site at its FBOs in Bozeman, Montana, and Scottsdale, Arizona, effective immediately.
Oil climbs as supply concerns deepen with Libyan oilfield disruption
Oil benchmark Brent rose by around a $1 a barrel, after reports of a disruption to Libya's top oilfield added to supply concerns emanating from tensions in the Red Sea.
China crude flows to storage poised to pick up after half-year lull
China's flow of crude oil into inventories faded over the second half of last year as the world's top importer reduced purchases in response to higher prices.
India turns to Saudi as purchases of Russian oil fall in December
India increased imports of Saudi oil in December as payment problems drove its Russian oil buys to an 11-month low, with at least five cargoes of the sweet Sokol variant heading to other locations, data from vessel tracking agencies showed.
Maersk partners with Yokohama City and Mitsubishi Gas Chemical to develop green methanol bunkering infrastructure
This collaborative agreement will focus on the development of green methanol bunkering infrastructure in Yokohama as Maersk’s 16,000 TEU green methanol-powered container vessels will be delivered since 2024.
Brussels Airport encourages the use of SAF thanks to federal government support
To accelerate the sustainable development of the aviation sector and encourage the use of sustainable fuel, Brussels Airport Company, thanks to federal government support, will be granting a special financial contribution to promote its use.
China gives most refiners full crude import quotas for 2024
China has released 179.01 MMt of crude oil import quotas for 2024, 60% more than the January batch last year as almost all the refiners received their annual allocations.
China's first 2024 refined fuel export quotas flat vs. year ago
China has issued its first refined fuel export quotas for 2024 totaling 19 MMt, a volume unchanged from last year's and largely in line with market expectations.
NextDecade files to allow TotalEnergies to exit LNG stake
NextDecade has filed for a shelf registration that would allow TotalEnergies to sell its 17.5% stake in the U.S. LNG company over time.
- INEOS Inovyn agrees to sell its Italian chlor-alkali business to Esseco Industrial 4/21
- Honeywell to provide technologies and catalysts for Dangote petrochemical complex expansion 4/20
- Borouge partners with Wanrong New Materials to develop polyethylene plant in China 4/20
- TotalEnergies and Kia renew lubricants contract for another five years 4/20
- thyssenkrupp Uhde awarded plant expansion contract by Brunei Fertilizer Industries 4/20
- Phillips 66 and Kinder Morgan advance Western Gateway refined products pipeline project following successful open season 4/20
