Economics
Asia's crude oil imports drop in 2024 as weak China weighs
Asia's crude oil imports dropped in 2024, the first annual decline in three years, led by weak demand from heavyweight China and other major buyers, with only India managing sparse growth.
U.S. biofuel producers ramped up in Oct. as profitability improved
U.S. renewable diesel and biodiesel producers ramped up operations in October to multi-month highs, helped by stronger margins for the biofuels, according to data compiled by advisory group AEGIS Hedging.
U.S. plans more sanctions on tankers carrying Russian oil
The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude.
Brunei to Tokyo with hydrogen: A demonstration success story
The authors’ company has developed a novel technologya for the transport of large volumes of H2. This technology is based on the use of a liquid organic H2 carrier (LOHC) and utilizes both an “off-the-shelf” hydrogenation catalyst as well as a proprietary and now-proven dehydrogenation catalyst.
Brazil's Petrobras raises jet fuel prices by around 7% in key markets
Brazilian state-run oil firm Petrobras hiked jet fuel prices for distributors starting on Jan. 1 by around 7% in some key marketing areas, such as Betim, Guarulhos and Duque de Caxias.
Venezuela's 2024 oil exports climb 10.5% amid political turmoil, refinery outages
Venezuela's oil exports rose 10.5% last year despite political instability and changes to the U.S. sanctions regime on the country, as partners of state oil company PDVSA took more cargoes under licenses granted by Washington.
Singapore's Dec. jet fuel imports hit multi-year high on India, S. Korea supply
Singapore's jet fuel imports probably hit multi-year highs in December, with India the top supplier as the arbitrage to Europe stayed shut.
Flare system design: Liquid pockets in flare headers
Flare and relief systems are the last line of defense against plant emergency overpressure and loss of containment. Therefore, the efficient design, management and maintenance of these systems are vital for safe operations throughout the lifecycle and operation of a plant. This article focuses on areas where major benefits can be achieved early in the front-end engineering design (FEED) stage of the project.
Salient points of a successful process plant execution
The aim of any successful project is to achieve consistent trouble-free operation at the rated capacity. Certain pinch points have been identified that must be addressed early in the process to avoid delays. These points are applicable for normal “stick-built” plants and not for plants with a high degree of modularization.
Enhance the performance of panel operators using a visualization tool in an LPG plant
Through a combination of case studies and practical insights, this article explores the benefits and challenges of implementing visualization tools in LPG plants. Moreover, it discusses strategies for optimizing operator training and workflow integration to maximize the effectiveness of these tools in improving operational performance, safety and overall plant productivity.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
