Economics
Traders rebrand Venezuelan oil for China as Brazilian
Traders have rebranded more than $1 B of Venezuelan oil shipments to China as Brazilian crude over the past year, according to two tanker tracking firms, helping buyers to cut logistics costs and circumvent U.S. sanctions.
British bioethanol industry faces 'existential' threat after U.S. trade deal, producers say
Britain's two largest bioethanol producers have warned that last week's U.S.-UK trade deal which removed tariffs on U.S. ethanol entering the UK has triggered an "existential threat" to the industry.
Indonesia eyes cut in fuel imports from Singapore in favor of U.S. as part of tariffs negotiations
Indonesia plans to change the source of some of its fuel imports from Singapore to the United States as part of negotiations over steep tariffs.
Vietnam's Binh Son refinery signs deal with SOCAR Trading for crude oil supplies
Vietnam's Binh Son Refining and Petrochemical said it had signed an agreement with Azerbaijan's SOCAR Trading for long-term crude oil supplies.
Mexico's Pemex reports leaks in oil pipeline to Dos Bocas terminal
Mexico's state energy firm Pemex said that it had addressed two leaks in a pipeline that transports oil from its Akal-C platform to the Dos Bocas Maritime Terminal in the southern state of Tabasco.
New Mediterranean IMO fuel rule helps bring more Doba crude to Europe
Dutch and German oil refineries have snapped up all four cargoes of Chadian Doba crude in April to profit from soaring demand for cleaner marine fuel in Europe from shipping companies including Maersk. Heavy, sweet Doba grade is particularly suitable for making ultra-low sulfur fuel oil (ULSFO) with a maximum sulfur content of 0.1%.
U.S. imposes Iran-related sanctions on third China 'teapot' refinery, ports
U.S. President Donald Trump's administration imposed sanctions on a third Chinese independent - or "teapot" - oil refinery, and port terminal operators in China for purchases of Iranian oil.
United to invest in power-to-liquid fuels company Twelve
United has announced an investment in Twelve, an innovative low-carbon fuels company that uses a process similar to photosynthesis to transform carbon dioxide (CO2) and water into sustainable aviation fuel (SAF) using renewable energy.
ExxonMobil agrees to supply Japan's Marubeni with low-carbon ammonia
ExxonMobil has signed a long-term agreement to supply 250,000 metric tpy of low-carbon ammonia to Japanese trading house Marubeni, representing ExxonMobil's first signed customer agreement for its planned hydrogen facility in Baytown, Texas.
TotalEnergies seeks permit for $16-B green hydrogen/ammonia project in Chile
The project, run by the Chilean subsidiary TEC H2 MAG, is expected to begin operations in 2030 and includes a wind farm, seven electrolysis centers for green hydrogen, a desalination plant, an ammonia plant and maritime infrastructure for shipping.
- EU warns of prolonged energy shock, forced cuts if Iran war continues 4/15
- Europe's summer flights at risk as Iran war exposes refining decline 4/15
- Slovak refiner says no deal yet on Adria pipeline tests 4/15
- Japan's weekly gasoline prices largely flat as subsidies offset price spikes 4/15
- Botswana has not requested stake in Lobito refinery, Angola's Sonangol says 4/15
- Petrobras selects Honeywell's ethanol-to-jet technology for large-scale SAF plant 4/14
