Economics
Trump to hit Venezuelan oil buyers with tariff, extends Chevron's wind down
U.S. President Donald Trump on Monday issued an executive order declaring that any country buying oil or gas from Venezuela will pay a 25% tariff on trades with the U.S., while his administration extended a deadline for U.S. producer Chevron to wind down operations in the South American country.
How Russian energy trade might change if sanctions are eased
As talks aimed at ending the war in Ukraine continue, a potential relief in sanctions imposed on Russia, including its vast energy sector, is one of the issues on the agenda.
China's Sinopec to prioritize risk control in Russian oil purchases
Top Chinese refining major Sinopec Corp. will prioritize "risk control" in purchasing Russian oil, which has similar quality for its value versus competing global supplies.
U.S. slaps Iran-related sanctions on oil tankers, China 'teapot' refinery
The U.S. on Thursday issued new sanctions intended to hit Iran's oil exports, including what the State Department said were the first U.S. measures targeting a Chinese "teapot refinery" processing the crude.
Asia's sour crude demand to rebound on completed regional refinery maintenance and upgrades
Asia's sour crude demand is set to rebound from late Q2 as refiners return from maintenance and ExxonMobil completes a Singapore refinery upgrade that is poised to increase its heavy oil use
ExxonMobil challenges Colonial Pipeline on proposed changes to fuel shipping terms
ExxonMobil asked regulators to block changes proposed by Colonial Pipeline to its fuel shipping terms, citing potential harm to shippers and consumers, a filing with the U.S. Federal Energy Regulatory Commission (FERC) showed.
LyondellBasell, Covestro announce permanent closure of PO11 unit at Maasvlakte
LyondellBasell and Covestro have jointly decided to permanently close the Propylene Oxide Styrene and Monomer production unit at the Maasvlakte site in the Netherlands.
U.S. ethane production, consumption and exports set new records in 2024
U.S. ethane production, consumption, and exports reached record highs in 2024. Increasing ethane recovery associated with natural gas production and continued growth in the domestic and global petrochemical sectors drove these increases.
North American biofuels sector contracts amid trade and policy uncertainty
U.S. and Canadian biofuel companies are throttling back production to limit losses amid uncertainty over U.S. President Trump’s approach to green fuel subsidies and the potential for a worsening trade war.
thyssenkrupp Uhde selected for Elyse Energy’s biomass-to-SAF project in France
BioTfueL® technology has been selected for the BioTJet project by Elyse Energy and its partners (Axens, Avril, IFPEN). This project will produce sustainable aviation fuel (SAF) from end-of-life wood waste & local forestry residues with the addition of green hydrogen.
- Evonik presents innovative "Debonding on Demand" concept for more sustainable bonding 4/3
- Oil, gas and refined product imports exempted from Trump’s sweeping tariffs 4/3
- Reliance: India's gasoline demand to peak by 2035, diesel by 2041 4/3
- Mabanaft, HIF Global sign agreement to accelerate e-methanol adoption in the shipping industry 4/3
- Burckhardt Compression awarded digital monitoring services contract for a chemical plant in Saudi Arabia 4/3
- Lummus completes successful startup of electric heater demonstration unit 4/3
