Middle East
Singapore's middle distillates stocks edge up as net exports dip
Singapore's middle distillates stockpiles edged up 0.4% this week, tracking lower net exports of diesel/gasoil and jet fuel/kerosene and continuing imports from key regions such as China, India and Saudi Arabia.
Asia high-sulfur fuel oil market to take a breather in strong rally
A rally in Asia's high-sulfur fuel oil (HSFO) market, boosted by lower Middle East exports and OPEC+ cuts, is expected to take a breather as Russian exports remain elevated and will ease tight supply.
Consortium signs MoU for the development of a green methanol facility in Egypt
AD Ports Group, Transmar and Orascom Construction have signed a Memorandum of Understanding (MoU) for the development of a green methanol storage and export facility in Egypt.
Goldman Sachs: Global LNG market to grow by 50% by 2029
Growth in oil investment shows signs of peaking in non-OPEC countries, while investment in liquified natural gas (LNG) is expected to increase more than 50% by 2029, according to Goldman Sachs Research.
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.
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.
QatarEnergy announces 15-yr urea supply agreement with Koch Fertilizer
QatarEnergy signed a long-term urea supply agreement with Koch Fertilizer for up to 740,000 tpy of urea.
U.S. Gulf Coast imports of straight-run fuel oil at record as global supply jumps
Imports of straight-run fuel oil (SRFO) to the U.S Gulf Coast were set to climb to record levels this month as Mideast and African suppliers ramped up exports and U.S. refiners scrambled for heavy feedstocks.
Tecnimont receives 'notice to proceed' on TA'ZIZ low-carbon ammonia plant in UAE
MAIRE Tecnimont has received from Fertiglobe the notice to proceed with the construction activities related to the low-carbon ammonia plant under development in TA’ZIZ Derivatives Park, UAE.
A multi-objective optimization study for an integrated oil refinery-petrochemical plant—Part 1
The study of the ideal integration of an oil refinery and an ethylene production facility has regained interest due to the rising costs of crude oil and its derivatives. This study proposes a multi-objective optimization approach that maximizes the net profit and production of ethylene and propylene in an integrated plant.
- Braskem Siam partners with Mitr Phol Bio Fuel to use ethanol to produce bio-ethylene/polyethylene 3/21
- Wison Engineering signs FEED contract with WasteFuel for Ankara Green Methanol project in Turkey 3/21
- U.S. slaps Iran-related sanctions on oil tankers, China 'teapot' refinery 3/21
- Regulations needed to spur airlines to use SAF, Japan oil refiners group head says 3/21
- Russia replaces UAE as the top naphtha supplier to India in 2024–25 3/21
- Asia's sour crude demand to rebound on completed regional refinery maintenance and upgrades 3/20
