Economics

China's teapot refiners face fresh test from crackdown on tax evasion

Refiners are required to pay consumption taxes both when they import feedstock such as fuel oil and also on the refined products they produce, but evasion is widespread.

Ecovyst announces agreement to sell its Advanced Materials & Catalyst segment to Technip Energies for $556 MM

Southeast Asia set to export surplus biofuels to Europe, Petronas executive says

Southeast Asia is positioned to export biofuels to other markets such as Europe as production capacity exceeds demand in the region, a senior executive with Malaysian state oil and gas company Petronas said.

U.S. refinery-state senators look to block Trump from shifting renewable fuel obligation

Canada pledges money, regulatory reform to boost biofuels

LNJ GreenPET, Sumitomo partner to accelerate recycled PET sector

EU may list independent Chinese refineries in new Russia sanctions package

The Commission may propose the new package as soon as Friday after an EU delegation returns from sanctions talks in Washington.

U.S. tariffs worsen petrochemical sector challenges, executives warn

Mitsubishi Chemical to adopt a "product traceability platform" to build a reliable chemical recycling supply chain

Ukrainian strikes on Russian oil facilities could be a boon for U.S. refiners

Ukrainian attacks have shut down facilities accounting for at least 17% of Russia's oil processing capacity, or 1.1 MMbpd.