Economics
Colombia's Ecopetrol to invest up to $1.3 B in cleaner, better fuels
Colombia's majority state-owned oil company Ecopetrol will invest between $1.2 B and $1.3 B over the next seven years in cleaner and better fuels.
China's refined fuel demand in H2 2023 to rise 10% year-to-year
China's apparent refined fuel demand is expected to increase by 10% year-on-year in the second half of 2023.
Singapore's middle distillates stocks fall 7.5% on robust jet fuel outflow
Middle distillates stocks held at key storage hub Singapore slipped by 7.5% week on week as robust jet fuel outflows outweighed a surge in gasoil total imports from regional sellers.
Russia faces domestic fuel crunch, braces for more shortages
Russia, one of the world's biggest oil producers, has faced shortages of fuel crucial for gathering the harvest in some parts of its southern breadbasket and the situation may get worse in coming months.
India's Russian oil imports fall to 7-month low, Saudi jumps - trade flows
India's imports of Russian oil fell in August to a seven-month low as refiners curbed purchases due to planned maintenance outages at some plants and lower discounts for Russian grades.
Marathon preparing to restart Garyville, Louisiana, units
Marathon Petroleum is preparing a plan to begin restarting units at its 596,000-bpd Garyville, Louisiana, refinery.
Cologne Bonn Airport switches to Neste MY Renewable Diesel in its entire diesel-powered ground fleet
Cologne Bonn Airport has switched to Neste MY Renewable Diesel in its diesel-powered ground fleet.
E-fuels: Axens, Paul Wurth, IFPEN agree to co-develop Reverse Water Gas Shift tech
Axens, SMS group subsidiary Paul Wurth and IFP Energies Nouvelles signed a co-development agreement for the optimization of the Reverse Water Gas Shift technology and its integration into e-fuel projects.
Japan gasoline prices hit record high
Japan's nationwide average retail price of regular gasoline rose by 1.9 yen to a record high 185.6 yen ($1.27) per liter over the week to Aug. 28, marking the 15th consecutive weekly increase.
Indonesia's Pertamina plans more biofuel products, ethanol imports in 2024
Indonesian state energy company Pertamina plans in 2024 to mix more of its gasoline products with ethanol in a bid to offer alternative fuels to the public.
- 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
