Economics
India's ONGC willing to wait to regain oil from Russian project
India's state-run Oil and Natural Gas Corp wants to eventually receive a share of crude from a Russian project it partly owns but is willing to wait because Russian oil is hard to ship right now.
China's fuel oil imports ease for second straight month in August
China's fuel oil imports retreated for a second consecutive month in August, data from the General Administration of Customs showed.
Russia remains China's top oil supplier in August, sales up 26%
Russia maintained its spot as China's top crude oil supplier in August, Chinese government data showed, even as discounts on Russian crude continued to narrow and Moscow cut exports.
Why the volatile South Caucasus is important for oil and gas supplies
Azerbaijan is trying to take back control of Nagorno-Karabakh, a breakaway territory controlled by ethnic Armenians, in the latest escalation of a decades-old conflict.
BASF obtains long-term access to bio-based 1,4-butanediol QIRA
BASF is obtaining long-term access to QIRA bio-based 1,4-butanediol from Qore LLC, a joint venture of Cargill and HELM AG.
LanzaJet strengthens collaboration with Technip Energies to accelerate the global deployment of SAF
LanzaJet and Technip Energies announced an agreement to strengthen their exclusive collaboration to support the global deployment of the LanzaJet Alcohol-to-Jet Process technology.
ExxonMobil expands chemical production at its Baytown, Texas (U.S.) manufacturing facility
ExxonMobil announced the startup of two new chemical production units at its Baytown, Texas, manufacturing facility.
Kenya extends oil supply agreement with three Gulf companies
Kenya has extended an oil supply deal with three Gulf-based companies, which is designed to manage demand for dollars.
Shipping rivals CMA CGM, Maersk to collaborate on green fuels
Container shipping giants CMA CGM and Maersk said they will cooperate in efforts to reduce emissions in the sector, including by supporting the use of methanol and aiding research into potential fuels like ammonia.
Vitol ships gasoline and MTBE cargoes to Mexico
Mexican state energy company Pemex has resumed dealing with Vitol nearly three years since deals with the world's largest independent energy trader were banned over a graft scandal.
- 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 announces $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
