Economics
Jet fuel demand growth lags as air traffic exceeds pre-pandemic level
Global flight activity passed pre-pandemic levels for the first time in four years last week, but jet fuel demand growth has not kept apace as newer fleets of aircrafts become more fuel efficient and carry more passengers.
Jet2.com to use SAF at London Stansted Airport
Jet2.com announced that it will use a blend of SAF at London Stansted Airport in 2024, meaning the leading leisure airline will use SAF on departing flights from two UK airports in 2024, almost a year ahead of the UK’s Government’s SAF mandate which is due to be introduced from 2025.
Neste and New Jersey Natural Gas target reducing greenhouse gas emissions with Neste MY Renewable Diesel
Neste and New Jersey Natural Gas look to reduce greenhouse gas emissions with Neste MY Renewable Diesel.
Cepsa and Evos join up for green methanol storage in Spain and the Netherlands
Spanish energy company Cepsa has signed an agreement with Evos, a liquid energy and chemical storage company with hubs in strategic locations across Europe, to enable the storage of green methanol to be produced by Cepsa at Evos’ storage facilities in Algeciras and Rotterdam.
Russia's Bashneft oil company installs anti-drone nets to protect refineries
Russian oil producer Bashneft has installed anti-drone nets to protect key facilities at its refineries from potential Ukrainian attack, the head of the republic of Bashkortostan where the company is based was quoted as saying.
U.S. EPA to announce temporary expanded sales of higher-ethanol gasoline blend
The U.S. Environmental Protection Agency announced plans to temporarily expand sales of higher-ethanol blends of gasoline this summer, a win for the corn ethanol industry that will likely see demand increase.
Elliott weighs Citgo bid as creditor group eyes Conoco for own offer
Hedge fund Elliott Investment Management is weighing a bid for shares in the parent of oil refiner Citgo Petroleum under a U.S. court-ordered auction, while a group of creditors represented by Centerview Partners aims to lure ConocoPhillips to join another offer.
Lower oil refinery output hits value of Russia's Q1 exports
Lower production at Russian oil refineries was partly to blame for the continued decline in the country's exports in the first quarter of this year.
China's March jet fuel exports jump 77.4% from a year earlier
China's jet fuel exports in March surged to 1.98 MMt, up 77.4% from the previous year, as international flight volumes ramped up.
Nigeria strikes deal with Shell to supply $3.8-B methanol project
Nigeria has struck a deal for Shell to supply gas to its proposed $3.8-B Brass methanol facility, resolving a major hurdle to a final investment decision on the project.
- India's Chennai Petroleum sees two-year delay in building new 180,000-bpd refinery 4/29
- PetroChina profit boosted by stronger gas sales and fuel demand 4/29
- thyssenkrupp Uhde completes EnviNOx project for Dyno Nobel in Australia 4/29
- India receives fuel oil cargo in Russian SCF tanker after brief halt 4/26
- Biden administration (U.S.) to release SAF tax credit model 4/26
- Boeing, Wagner advance Australia’s SAF Industry 4/26
