Economics
U.S. refiners' 2Q profits fall on low margins, soft fuel demand
U.S. oil refiners are expected to report sharply lower 2Q earnings from a year ago after a listless summer driving season that weakened refining margins.
India's Reliance gets U.S. nod to import oil from Venezuela
India's Reliance Industries has received approval from the U.S. to resume importing oil from Venezuela despite Washington's sanctions.
Russia considering ban on diesel exports
The Russian government is considering a ban on exports of diesel due to rising domestic prices.
Clariant's MegaZonE catalyst delivers strong results in Chinese methanol plant
Clariant announced that its MegaZonE technology is delivering excellent performance in the 600,000-tpy methanol plant of CNOOC’s China Blue Chemical Ltd.
Oil drops as investors look past Biden exit, focus on weak fundamentals
Oil prices fell for a second consecutive session on Monday to their lowest level in over a month, as investors looked past U.S. President Joe Biden's decision to end his reelection bid and focused on rising stockpiles and signs of weak demand.
Russia: Tuapse oil refinery is still operating after Ukrainian drone strike
Russia's Tuapse oil refinery is still operating, Russian Deputy Prime Minister Alexander Novak said on Tuesday, a day after local authorities reported that the refinery had been damaged in a Ukrainian drone attack.
Stamicarbon awarded energy efficiency contract for urea plant in China
NEXTCHEM’s subsidiary Stamicarbon will upgrade an existing 3,100-tpd urea plant to reduce energy consumption by up to 20%, thanks to its proprietary Advanced MP Flash Design technology.
EU to set tariffs on Chinese biodiesel in anti-dumping probe
The European Union (EU) is set to impose provisional duties on Chinese biodiesel after finding it is being sold in EU markets at unfairly low prices, in the latest in a string of trade cases against China.
India's Reliance misses profit estimates on weak fuel sales margins
Reliance Industries, India's most valuable company, reported 1Q profit below analysts' estimates on Friday, hurt by lower margins on fuel sales.
Argentine biofuels chamber calls new U.S. biodiesel duties illegal
The U.S. Commerce Department slapped anti-dumping duties of between 60.44% to 276.65% on biodiesel from Argentina and Indonesia, on top of already steep anti-subsidy duties. The Argentine Chamber of Biofuels said that increased U.S. duties on Argentine biodiesel were "arbitrary and illegal" and would shut Argentina out of the market in the U.S.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
