Economics
Former F1 boss racing to create ‘guilt free’ fuel
Formula One is seen as one of the most gas guzzling of sports but one top engineer and former F1 team boss Paddy Lowe is seeking to change this with the launch of a so-called guilt-free synthetic fuel.
France's Macron vows to boost sustainable aviation fuel production
France will invest $218.78 MM to boost the production of sustainable aviation fuels (SAF) as part of measures to make the French and the European aviation industry greener, President Emmanuel Macron said.
Russia can meet domestic gasoline demand, energy minister says
Russia's energy minister Nikolai Shulginov said that there was enough gasoline to meet Russian domestic demand, downplaying the possibility of restrictions on exporting the fuel.
Russia's June seaborne diesel exports rise amid growing output
Russia's seaborne diesel and gasoil exports are set to rise in June amid growing oil products output after refinery overhauls and sufficient stocks on the domestic market, data from traders and Refinitiv Eikon showed.
Iran's oil exports hit 5-year highs as U.S. holds nuclear talks
Iran's crude exports and oil output have hit new highs in 2023 despite U.S. sanctions, according to consultants, shipping data and a source familiar with the matter, adding to global supply when other producers are limiting output.
Kuwait's KPC sees good oil demand from China in H2
Kuwait Petroleum Corporation sees continued good demand for oil from China in the second half of the year, its chief executive said, speaking to Reuters as part of a podcast series hosted by the Al Attiyah Foundation.
China’s first helicopter flight using sustainable aviation fuel
An Airbus H125 helicopter belonging to State Grid Space Technology Co., Ltd has successfully used SAF for a flight demonstration at Hefei Shiwan Airport in China.
South Korea jet fuel exports to U.S. set to rise to near 2-year high in June
South Korean jet fuel exports to the United States in June are headed for a near two-year high as oil traders cash in on stronger U.S. demand as Asia's aviation sector is still recovering, industry sources said.
Indonesia's PGN to supply gas to Lotte Chemical petrochemical plant
Indonesia's state-controlled gas company Perusahaan Gas Negara said it would supply natural gas to a petrochemical plant operated by a unit of South Korea's Lotte Chemical Corp .
Petroperu close to boosting crude supply for Talara refinery, president says
Peru's state-owned energy firm Petroperu is negotiating with oil producers in the Americas and Asia to import about 63,000 bpd of crude for its newly modernized Talara refinery.
- BASF introduces low-VOC polyurethane catalyst Lupragen® N 208 12/8
- Idemitsu Kosan to be first Japanese refiner to supply biofuels to shipping industry 12/8
- China refiner moves forward with expansion despite sanctions 12/8
- Air Products and Yara to partner on low-emission ammonia projects 12/8
- Opinion: G7’s Russian oil tanker ban shows teeth, but bite is in doubt 12/8
- Exxon, Aramco, Samref to explore major upgrade of Yanbu refinery 12/8
