Economics
Vietnam's largest refinery Nghi Son restarting after maintenance
Vietnam's largest refinery, Nghi Son, is in the process of a restart after major maintenance that began late August.
Indonesia's Jan-Sept biodiesel consumption at about 2 T gallons
Indonesia's consumption of palm oil-based biodiesel for the first nine months of this year was about 2 trillion gallons.
Russia keeps ban on gasoline exports and cross-border sales of diesel by railway
Russia's ban on gasoline exports and cross-border sales of diesel by railway remains in place.
Russia resumes seaborne diesel exports after partially lifting ban
Russia, the world's top seaborne exporter of diesel just ahead of the United States, resumed exports of the fuel on after it lifted its ban on most fuel exports following a decline in domestic wholesale prices.
Las Vegas (U.S.) airports to offer SAF for flights from NBAA’s 2023 convention
Aircraft flying into Las Vegas’ three airports for the 2023 National Business Aviation Association - Business Aviation Convention & Exhibition will have an opportunity to fuel up with SAF, an innovation central to the industry’s goal of achieving net-zero carbon emissions in the years to come.
World Energy and Microsoft join forces to drive aviation decarbonization through ten-year contract for SAFc
World Energy, the SAF producer and low-carbon solutions provider, announced a long-term agreement with Microsoft to accelerate the decarbonization of corporate air travel and its supply chain cargo through the purchase of SAFc.
Masdar and Boeing join forces to accelerate the SAF industry in the UAE and globally
Masdar is teaming up with aerospace company Boeing to propel the SAF industry in the UAE and globally with the partnership aiming to further support the commercial aviation industry’s goal of achieving net-zero emissions by 2050.
Emirates and Shell Aviation sign agreement for SAF supply at airline’s Dubai hub
Emirates has announced an agreement with Shell Aviation for the supply of over 300,000 gallons of blended SAF for use at the airline’s international hub in Dubai.
China is swing factor in diesel’s global squeeze
As demand enters peak season, Xi’s ability to dictate how much Chinese oil companies export looks like the key swing factor.
Russia lifts ban on most diesel exports
Russia's government said it had lifted a ban on pipeline diesel exports via ports, removing the bulk of restrictions installed on September 21 while restrictions for gasoline exports are still in place.
- 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
