Asia leads renewables boom, but global divide widens
More than 70% of global renewable energy capacity additions in 2024 came from Asia, underscoring a deepening disparity in the global energy transition, according to a new report by the International Renewable Energy Agency (IRENA). The Renewable Energy
IEA cuts 2025 oil demand growth forecast amid market imbalances
The International Energy Agency (IEA) has revised down its global oil demand growth forecast for 2025 to just 700,000 barrels per day (kb/d)—the lowest annual increase since 2009, excluding
ExxonMobil expands Esso Renewable Diesel R20 sales in Hong Kong
ExxonMobil Hong Kong is scaling up the availability of Esso™ Renewable Diesel R20, marking nearly one year since the product’s market debut as the city’s first renewable diesel for public road use. Hong Kong
Aster in exclusive talks to acquire Esso stations in Singapore?
Aster Chemicals and Energy Pte. Ltd. is reportedly in exclusive negotiations to acquire ExxonMobil’s network of Esso-branded service stations in Singapore, in a deal valued around USD 1 billion. The transaction, still under negotiation, is expected to cover approximately 59
China’s Zhuoyue New Energy to build biofuel plant in Thailand
Chinese renewable energy firm Longyan Zhuoyue New Energy Co., Ltd. has announced plans to invest RMB 700 million (USD 96.3 million) in a new bioenergy
EAEU expands labelling to lubricants, caviar, and antiseptics
The Eurasian Economic Union (EAEU) is extending its unified digital labelling requirements to new categories of goods, including red and black caviar, bicycles and bicycle frames, certain lubricant products, and antiseptic items such as disinfectants and anti-microbial cosmetics. The decision
bp to sell Dutch retail and EV business to Catom
bp has agreed to sell its mobility and convenience retail operations, including its bp pulse electric vehicle (EV) charging network in the Netherlands, to Dutch energy
Godrej to invest INR 750 crore in chemicals capacity expansion
Godrej Industries Limited (Chemicals) has announced a major expansion programme across its manufacturing operations, with total investments expected to exceed INR 750 crore (USD 87.6 million) over the next few years. The
Brazil to implement B15 and E30 fuel mandates from August
Brazil will increase its mandatory biofuel blending requirements from 1 August 2025. The move, confirmed by the country’s National Energy Policy Council (CNPE) on 25 June, is part of the “Fuel of the Future” programme aimed
Petrobras to boost Group II base oil capacity and recycle used oil
Petrobras has announced plans to invest approximately BRL 33 billion (USD 6.1 billion) in refining and petrochemical projects across Rio de Janeiro, as part of its broader strategy to boost domestic fuel production, modernise infrastructure, and support Brazil’s energy transition.