Refining
U.S. labor board judge rules Exxon's Texas refinery union lockout was legal
A U.S. National Labor Relations Board administrative law judge has ruled ExxonMobil's 10-month-long lockout of some 600 union workers at a Texas oil refinery during a contract dispute was legal.
U.S. crude stocks fall, gasoline and distillate inventories rise
U.S. crude stocks fell while gasoline and distillate inventories rose last week, the U.S. Energy Information Administration (EIA) said on Wednesday.
Germany's BSW pushes to restore Russian oil to Schwedt refinery, seeks regional legitimacy
Germany's leftist Sahra Wagenknecht Alliance (BSW), set to join a new Social Democrat-led regional state government in Brandenburg, announced plans on Wednesday to push for the main refinery that supplies most of Berlin's needs to be supplied with Russian oil once more.
Malaysia plans to produce sustainable jet fuel in 2027
Malaysia plans to start producing sustainable aviation fuel (SAF) in 2027, with an initial production capacity of 1MMtpy.
ADNOC launches $80-B low-carbon energy and chemicals investment company
ADNOC announced the launch of XRG, a groundbreaking international lower-carbon energy and chemicals investment company, with an enterprise value of over $80 B. XRG aims to more than double its asset value over the next decade by capitalizing on demand for low-carbon energy and chemicals.
Chevron sees California's fuel inventory law raising prices for customers
Chevron said that California's recently enacted legislation on oil refineries needing to maintain minimum fuel stocks was "flawed."
easyJet, Renavia and WFS sign MoU for long-term supply of SAF
easyJet, Braathens Renavia, in partnership with Mana Group and World Fuel Services singed a Memorandum of Understanding for the long-term supply of sustainable aviation fuel for easyJet’s operations in Europe and the UK. The agreement provides easyJet access to up to 150,000 tons of SAF (including up to 75,000 tons of e-SAF) from 2030.
Russian Urals oil sales to Turkey in Nov. up 38% m/m as STAR refinery increases runs
Russian Urals oil supplies to Turkey's ports in November increased to 9.9 MMbbl from 7.4 MMbbl in October as its main consumer was back from outage.
Russia's oil and gas revenue down by a third in November m/m
Russia's oil and gas revenue in November is seen falling by one third to 0.78 T roubles (some $7.5 B) from 1.21 T in October.
Oil majors betting big on biofuels with more than 40 projects by 2030
Major oil and gas companies have ramped up investments in the biofuels sector, betting on sustainable aviation fuel (SAF), with 43 projects expected to be up and running by 2030.
- Lummus Technology selected for major ethanol-to-jet SAF project in India 5/1
- INEOS sells sulfur dioxide and derivatives business to Ecovyst for $190 MM 5/1
- Perpetual Next selects JPB Logistics as storage partner for Dutch biomethanol facility 5/1
- Trump signs order authorizing oil pipeline project partially reviving Keystone XL 5/1
- Asia-Pacific ports advance cross-sector hydrogen and eFuel readiness 4/30
- THUNDER project launches to advance carbon-neutral eMethanol production in Europe 4/30
