Refining

Quick wins on cutting methane dogged by a slow transition

The pledge to cut methane emissions by 30% below 2020 levels by 2030 has been signed by 159 countries plus the EU. Many of them have developed, or are working on, methane action plans, and billions of dollars have been committed to the effort.

Refiners confront twin challenges of demand disruption and decarbonization

IEA: World oil and gas demand could grow until 2050

The Paris-based energy security watchdog predicted in its annual outlook that the world will likely fail to meet its goal to cap the rise in temperatures to as close as possible to 1.5°C degrees (2.7°F) above pre-industrial times to avoid the most devastating effects of climate change.

Bulgaria's president vetoes law to seize Lukoil refinery amid U.S. sanctions

Bulgaria's President Rumen Radev returned the legislation to parliament for further discussion, saying the changes failed to provide protection against future financial claims against the state, violated Bulgaria's constitution and posed a risk to public finances.

Chinese refiners' term oil volumes from Saudi Arabia to drop in December

The expected drop in supply from the world's top exporter to the world's largest oil importer for a second straight month comes as some Chinese refineries are heading for maintenance and as independent refiners are waiting for Beijing to issue 2026 import quotas.

Petronas, Enilive and Euglena hold groundbreaking for new biorefinery in Malaysia

Aether Fuels, Aster partner on the first-generation, commercial SAF plant in Singapore

Novatek has fully restored operations at Ust-Luga's condensate complex

The condensate is being processed into light and heavy naphtha, kerosene, diesel and marine fuel.

Malaysia's used cooking oil exports to face pressure in 2026 on domestic SAF production

U.S. EPA approves 14 small refinery biofuel waivers

The EPA had approved 140 petitions in part or in full earlier this year, and denied just 28, leaving just a handful from previous years remaining under review.