Economics
TotalEnergies accelerates refinery wage talks as fuel supply shrinks
TotalEnergies offered to bring forward wage talks, in response to union demands, as it sought to end a strike that has disrupted supplies to almost a third of French petrol stations and led the government to tap strategic reserves.
U.S. outlines roadmap to boost sustainable aviation fuel
The U.S. Energy Department on Friday issued a plan detailing a government-wide strategy for ramping up production and use of sustainable aviation fuels.
U.S. imposes new sanctions on Iran oil exports, targets Chinese firms
The United States imposed sanctions on companies it accused of involvement in Iran's petrochemical and petroleum trade, including five based in China, pressuring Tehran as it seeks to revive the 2015 Iran nuclear deal.
Europe braces for heavy oil refinery outages amid tight supplies
A heavy oil refinery turnaround season in Europe this autumn, plus French strike action, is set to push diesel prices higher and tighten supplies ahead of a European Union ban on Russian refined products which is due to come into force early next year.
French refinery strikes are timed to hit hard
Strike action and unplanned maintenance has taken offline more than 60% of France's refining capacity - or 740,000 bpd - forcing the country to import more when global supply uncertainty has increased the cost.
bp layoffs at Ohio refinery after fire indicate prolonged shutdown
bp laid off most contractors at the approximately 160,000 barrel-per-day Toledo, Ohio, refinery it owns with Cenovus Energy Inc, indicating that the plant will experience a prolonged shutdown following last week's explosion and fire.
Strike action, outages in France's refined product sector
France's refined products sector is under strain as a result of strike action over pay and unplanned maintenance which have led to more than 40% of its refining capacity being taken offline.
Niger suspends oil product deliveries to Mali, except for U.N.
Niger has temporarily stopped issuing authorizations for oil product deliveries to neighboring Mali unless they are destined to the United Nations peacekeeping mission there, the government said.
The downstream rundown: In case you missed it 09/23
In case you missed any downstream news, here are the top stories from last week.
Cameroon and oil trader Vitol reach agreement over refinery debt restructure
Cameroon's national oil refining company, SONARA, has reached a deal with oil trader Vitol to restructure its commercial debt towards the Dutch energy and commodity trading company.
- Sherwin-Williams unveils new advanced energy barrier that eliminates threat of corrosion under insulation 6/26
- SIBUR develops new polyethylene grade for beverage packaging 6/26
- IGS launches Rovex, a next-generation robotic cleaning technology for fired heater efficiency 6/26
- A comprehensive technical evaluation of polypropylene technology platforms 6/26
- Sasol and Topsoe to refocus SAF partnership as Zaffra JV prepares for wind-down 6/26
- Indonesia sets 3-month transition period for B50 biodiesel program 6/26
