Economics
SK Innovation sees 'solid' Q2 refining margin on China's reopening
SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said it expects a "solid" refining margin in the second quarter, backed by China's reopening and the summer driving season.
Asia's crude oil imports slip in April amid softer purchases by China and India
The strong start to the year for Asia's imports of crude oil came to a halt in April, with arrivals dropping to a seven-month low as top buyers China and India trimmed purchases.
Russia sticking to its oil output cuts says deputy Prime Minister Novak
Deputy Prime Minister Alexander Novak said Russia was abiding by its voluntary pledge to cut oil output by 500,000 bpd from February until the end of the year.
Kazakhstan to ban oil products supplies via rail to Russian port of Taman
Kazakhstan Railways will ban transportation of oil products to the Russian Black Sea port of Taman in 2023, according to a document from the state-owned railway operator.
Enbridge reaches toll agreement with shippers for Mainline system
Enbridge Inc, Canada's largest transporter of crude oil, said it has reached a 7-1/2 year toll agreement with shippers for its Mainline system.
Neste to supply SAF to United Airlines flights departing San Francisco Int'l. Airport
Neste and United announced that the airline’s departing flights from San Francisco International Airport will be fueled by a blend of Neste MY Sustainable Aviation Fuel.
Indian Oil to recoup most dues for jet fuel sales from Go First through bank guarantees
Indian Oil Corp will recoup $61.14 MM of jet fuel sales to cash-strapped Go First by cashing in bank guarantees and is optimistic it will recover a further $6.11 MM for unsecured sales made in the past few month.
Phillips 66 beats profit estimates as refining margins soar
U.S. refiner Phillips 66 beat Wall Street estimate for first-quarter profit, joining rivals in gaining from elevated margins on sustained fuel demand amid tight crude supplies.
Oerlikon orders fall as soft China demand hits polymers
Swiss industrial group OC Oerlikon said its orders fell nearly 14% in the first quarter, as weak filament demand in China led to postponements at its polymer business.
Neste moves forward in its renewable hydrogen project in Porvoo, Finland
In accordance with its ambition to reach carbon neutral production by 2035, Neste is working on a 120 MW electrolyzer project to produce renewable hydrogen at its Porvoo refinery in Finland.
- Exploring ethanol: Maersk to test 50/50 ethanol-methanol bunker fuel 12/8
- 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
