Industry News

Chevron Corporation (New York Stock Exchange: CVX) has named Eimear Bonner, currently chief financial officer (CFO), as president, Oil, Products & Gas, effective January 1, 2027

U.S. Lubricants, a company of U.S. Venture, Inc., has named Adam Puzach as its president, the company said. James Williams will continue to lead the division’s national sales strategy as vice

China’s electric vehicle (EV) penetration rate is expected to reach between 75 and 80% by 2030, even as the pace of expansion moderates with market maturity, according to an industry expert cited by China Daily. Wang Pei, deputy general manager

Evonik Industries AG has rejected an unsolicited EUR 10.3 billion (USD 11.5 billion) takeover approach from German chemical producer BASF SE, according to a Financial Times report. Evonik, headquartered in Essen, Germany, confirmed on September 25 that it had

Savita Oil Technologies Ltd., the Mumbai, India-based lubricants and specialty oils maker reported higher earnings for the April-to-June quarter. Its unaudited consolidated total revenue from operations rose 49.6% from a year earlier to INR 14.80 billion (USD 153 million), according

Fuel operators Petron Malaysia and Caltex Malaysia are cooperating with domestic trade authorities following social media complaints that water-contaminated RON95 petrol caused vehicle breakdowns across northern Peninsular Malaysia. Petron Malaysia addressed the social media reports by stating

Ningxia Coal Industry Co., Ltd. says its pilot plant for continuous polymerisation of coal-based metallocene polyalphaolefins (mPAO) has passed a 72-hour on-site assessment organised by the China Petroleum and Chemical Industry Federation. The company

Dangote Industries is targeting more than USD 100 billion in annual revenue by 2030 under an expansion programme requiring about USD 50 billion in financing, The Kenyan Wall Street reported. Other reports, including The Star, describe the initiative as a

India’s Ministry of Power has notified new corporate average fuel economy (CAFE) norms for passenger vehicles that take effect on April 1, 2027, and remain in force until March 31, 2032, the ministry said. The norms apply to new passenger

U.S. Transportation Secretary Sean P. Duffy has released a final rule resetting the corporate average fuel economy (CAFE) standards of the National Highway Traffic Safety Administration (NHTSA) and ending what the U.S. Department of Transportation (DOT) called a backdoor electric