Economics
BASF sells bioenergy enzymes business to Lallemand
BASF has sold its bioenergy enzymes business to Lallemand's subsidiaries, Danstar Ferment AG and Lallemand Specialties Inc. This includes the Spartec® product portfolio and related technologies in development.
EIA: U.S. diesel demand for March hits 26-yr seasonal low
U.S. diesel demand fell to its lowest seasonal level in March since 1998, while crude oil output rose to a multi-month high, according to data from the U.S. Energy Information Administration (EIA).
Weak U.S. gasoline demand compounds pressure on oil ahead of OPEC+ meet
The U.S. gasoline market is flashing signs of weakness at the start of summer driving season, a time it generally picks up strongly, and analysts say this clouds the picture for oil demand ahead of the OPEC+ group policy meeting that kicked off this weekend.
LyondellBasell expands core PP business with 35% stake in NATPET from Alujain in Saudi Arabia
LyondellBasell and Alujain Corporation announced completion of the acquisition of a 35% interest in Saudi Arabia–based National Petrochemical Industrial Company (NATPET) by LYB from Alujain.
Topsoe unveils KM 111, an advanced ammonia synthesis catalyst
The KM 111 from Topsoe is an advanced ammonia synthesis catalyst that is redefining industry standards, boasting excellent efficiency and cost-effectiveness.
Singapore middle distillates stocks slip on rising jet fuel/kerosene exports
Singapore's middle distillates inventories fell by more than 100,000 bbls in the week ended May 29 amid higher net jet fuel/kerosene exports, though diesel/gasoil net exports declined.
Under new program, little to no ethanol will qualify for U.S. aviation fuel credit
Little to no ethanol will qualify for U.S. sustainable aviation fuel (SAF) subsidies under a new pilot program by President Joe Biden's administration, which toughened climate requirements at the last minute.
Oil prices ease on US gasoline demand worries, economic data
Oil prices eased about 1% on worries over weak U.S. gasoline demand and economic data that could cause the U.S. Federal Reserve to keep interest rates higher for longer.
ConocoPhillips to acquire Marathon Oil Corporation for $22.5 B
ConocoPhillips and Marathon Oil Corporation announced today that they have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 B.
Aspentech announces new and expanded capabilities in latest version of aspenONE
Aspen Technology, Inc. introduced new and expanded capabilities now available in aspenONE®, helping customers achieve new levels of operational excellence with expanded Industrial AI throughout the portfolio, additional integration of industrial data management across solutions, and advancements in planning and scheduling capabilities.
- Petrobras wrapping up due diligence to buy back refinery from Mubadala 7/26
- US court rejects EPA denials of 2022 small refinery biofuel waivers 7/26
- Mexico seeks more 2025 fuel import deals after refinery delays 7/26
- PETRONAS, Eni and Euglena reach FID to construct a biorefinery in Malaysia 7/26
- ExxonMobil signs carbon capture agreement with CF Industries in Mississippi (U.S,) 7/26
- WoodMac: LNG truck sales impacting Chinese road diesel demand 7/26
- Digital Exclusive: SPECIAL FOCUS: Digital Technologies—Utilize process simulation digital twin to optimize condensate yield
- Digital Exclusive-Flare system design: Liquid pockets in flare headers
- Hydrogen-rich content gasoline: A new concept for paraffinic gasoline reformulation
- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
