Economics

Canada pledges money, regulatory reform to boost biofuels

LNJ GreenPET, Sumitomo partner to accelerate recycled PET sector

EU may list independent Chinese refineries in new Russia sanctions package

The Commission may propose the new package as soon as Friday after an EU delegation returns from sanctions talks in Washington.

U.S. tariffs worsen petrochemical sector challenges, executives warn

Mitsubishi Chemical to adopt a "product traceability platform" to build a reliable chemical recycling supply chain

Ukrainian strikes on Russian oil facilities could be a boon for U.S. refiners

Ukrainian attacks have shut down facilities accounting for at least 17% of Russia's oil processing capacity, or 1.1 MMbpd.

Swift Fuels advances light gas (LG2F™) demonstration plant plans in Louisiana (U.S.)

TotalEnergies sees Brent-Dubai crude price gap remaining negative, making sweet grades more attractive to Asian refiners

The price gap between Brent and Dubai crude is expected to remain negative due to strong demand for heavier Middle Eastern oil, despite increasing supplies from OPEC nations

Chevron seeks diversified approach to refinery investments

"There'll be places like Korea where we go investment heavy in petrochemicals and in heavy oil upgrading."

China oil demand to peak in 2027, up 100,000 bpd this year

China's total oil demand including all products is set to peak in 2027, with a rise of about 100,000 bpd this year driven by increased volumes from the petrochemicals sector, a state oil researcher said.