Economics
U.S. Midwest diesel prices likely to drop as demand trails off, supplies improve
High retail diesel prices in the U.S. Midwest are drawing more supplies from Gulf Coast and Chicago pipelines that should ease supply worries and cool prices, traders said, as farmers wrap up harvests and winter demand has yet to arrive.
Malaysia's Gentari, Singapore's GIC to produce, export green ammonia from India
Malaysia's Gentari, a renewable energy unit of Petronas, and Singapore sovereign wealth fund GIC signed an agreement to produce up to 5 Mtpa of green ammonia in India by 2030.
Argentina says fuel shortages should ease soon, imports arriving
The Argentine government and oil companies said fuel shipments are starting to arrive that in coming days should ease a shortage, after a spike in demand caused long lines at gas stations.
Fire at Afipsky oil refinery near Novorossiisk put out
A fire that broke out at the Afipsky oil refinery in Russia's Krasnodar region was promptly extinguished, the region's emergency security authorities said after social media reports of powerful blasts shaking the refinery.
Nigeria's Kaduna refinery to reopen next year, produce 60,000 bpd
Nigeria aims to reopen its Kaduna oil refinery next year, with initial production of 60,000 bpd as part of plans to revive local refineries that have been mothballed for years.
Axens and ZPJE established Nectis: a JV dedicated to the promotion and sale of Spiral Tubes Heat Exchangers
Nectis and Zhenhai Petrochemical Jianan Engineering Co. Ltd join forces in establishing Nectis, a France-based company targeting the promotion and sales of STHE to the process industry outside of China.
Valero to run its 14 refineries at up to 96.5% capacity in Q4
Valero Energy plans to operate its 14 oil refineries in North America and Britain at up to 96.5% of their combined total throughput capacity of 3.2 million bpd in the fourth quarter.
Russia's September fuel oil and VGO exports to India hit record high
Russia has sent record volumes of sea-borne fuel oil and vacuum gasoil to India in September, replacing some crude oil volumes.
Indonesia conducts first commercial flight using palm oil-blended jet fuel
Indonesia flew its first commercial flight using palm oil-blended jet fuel, as the world's biggest producer of the commodity pushes for wider use of biofuels to cut fuel imports.
Russian wholesale gasoline prices stable, diesel up
Russian wholesale gasoline prices were steady, while diesel prices edged up amid government efforts to ensure stability on the domestic fuel market.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
