Plans for bio refining units paused recently by Shell, BP, Chevron amid struggles Oil hub terminals seeing strong demand; shipping fluctuations not dampening storage The market for biofuels is struggl
Extension of cuts coincides with increased non OPEC+ production Later easing of cuts points to lower crude prices, supports tanker demand Long haul shipments bullish for VLCC market Crude tanker freig
Steam cracker margins not recovered since coronavirus pandemic Looming capacity increase will add to overhang European chemicals face structural, not business cycle challenges European petrochemical m
Multiple ship attacks in the Red Sea were reported Dec. 14, as market sources said Maersk Tankers, one of the world’s largest tanker operators, has requested the option to bypass the risky waters for
Multiple ship attacks in the Red Sea were reported Dec. 14, as market sources said Maersk Tankers, one of the world’s largest tanker operators, has requested the option to bypass the risky waters for
Middle East, US, India provide key new diesel flows Range of alternative options, competition between buyers Russian diesel export ban tightens global markets The outlook for diesel cracks in Europe t
Residue inventories tilt overall balance up on week Light, middle distillates stocks fall on week Shortage of VLSFO deliveries from Al Zour Stockpiles of oil products at the UAE’s Port of Fujairah ros
OMV, Interzero announce 260,000 mt/year plant in Germany Versalis begins construction of 6,000 mt demo plant in Italy Austrian refiner OMV has announced the final investment decision for a plant to so
UDB to start registering stakeholders in 2024 Industry ‘demanding clarity’: Bioledger CEO International Sustainability & Carbon Certification is to launch its own database to trace biofuels, separate
Total inventory up 13% on week Middle distillates up 5% on week Heavy distillates up 14% on week Stockpiles of oil products at the UAE’s port of Fujairah rose 13% on the week in the week ending Oct.
Potential support for dirty tankers carrying sour crude to Europe Chinese export quotas remain a wild card Russia’s week old ban on diesel and gasoline exports may prove short lived, but it is causing