Economics
Phillips 66 fires back at Elliott over Citgo conflict of interest amid board fight
Phillips 66 is arguing that Elliott Investment Management should back down from its push to break up the energy company because the activist investor is conflicted from a separate effort to acquire one of Phillips 66's rivals.
More than 100 employees leave U.S. EIA, putting crucial energy data at risk
The U.S. government's energy statistics arm is set to lose > 100 employees after the Trump administration's latest round of resignation offers, putting at risk some of the most closely watched energy reports globally.
India eyes ending import tax on U.S. ethane and LPG in trade talks
India plans to end taxes on U.S. ethane and liquefied petroleum gas (LPG) imports under broader negotiations with Washington as it looks to reduce its trade surplus and ease its tariff burden.
Valero books $1.1-B impairment, may idle California refinery
Valero Energy Corp. said on Wednesday it was taking a $1.1-B pre-tax impairment related to its California (U.S.) refineries and told state regulators it would permanently shut or restructure its San Francisco-area refinery in Benicia, California by the end of April 2026.
Top Turkish refiner Tupras resumes buying Russian Urals crude
Turkey's largest oil refiner Tupras has returned to buying Russian Urals crude cargoes, after it stopped doing so earlier this year due to US sanctions on Moscow, according to three trading sources and shipping data.
Asian slump, Cyclone Alfred, slash Ampol's refinery margins by half
Australia's top fuel retailer Ampol reported a 49% drop in 1Q refining margins for its Lytton refinery in Queensland on Wednesday, citing lost production due to Cyclone Alfred and weak refining margins in Singapore — a bellwether for Asia.
OQ, Royal Vopak partner to accelerate development of Duqm as an integrated industrial hub
OQ, spearheading the development of Duqm in Oman as a premier integrated hub for hydrocarbons, chemicals, and low-carbon products, and Royal Vopak entered into an exclusive partnership framework agreement in the Special Economic Zone at Duqm (SEZAD). This is a significant step for a strategic alliance that aims to unlock future growth opportunities in industrial and energy terminal infrastructure and sustainable energy transition facilities in SEZAD.
Axens completes site expansion to produce hydrogenation tail gas treatment catalysts in Saudi Arabia
The expansion of Axens Catalyst Arabia Limited comprises an additional capacity for Axens to manufacture tail gas treatment catalysts on site.
Fortescue, CMB.TECH sign agreement for ammonia-powered ore carrier
CMB.TECH NV has signed an agreement with Fortescue to charter a new ammonia-powered vessel. This emphasizes the commitment of both companies to decarbonize the shipping industry.
Digital Feature: Guidance for developing first-of-a-kind projects and processes
New products and processes have the potential to drive new value through performance or cost improvements targeted to evolving market needs in the oil, gas and chemical industry. To realize this value, however, organizations must navigate a challenging path through development and scale-up of first-of-a-kind processes.
- 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
- Tasnee announced delay to SEPC's ethylene/polyethylene plant expansion project 4/15
