Oxea and Kraton raise prices as Group III base oil supply tightens
On-again, off-again ceasefire announcements and stalled peace negotiations between the United States and Iran, compounded by Israel’s continuing strikes on Lebanon, have kept global energy markets on edge through May. The disruption around the Strait of Hormuz has driven fuel
U.S. set to miss 2030 SAF goal as diesel wins feedstock
The United States is likely to fall short of its 2030 sustainable aviation fuel (SAF) target, in part because current policy makes renewable diesel more profitable to produce than jet fuel from the same
Castrol India names Saugata Basuray managing director
Castrol India has appointed Saugata Basuray as managing director for a five-year term, elevating the company’s interim chief executive to its top
Shell plans to sell French motorway petrol station network
Shell intends to sell its network of around 60 petrol stations on French motorways, Les Echos newspaper reported, citing documents the company shared with employees and suppliers. Shell declined to comment on the
Wärtsilä to expand Finland tech hub capacity by an additional 30%
Wärtsilä Corporation will invest approximately EUR 90 million (approximately USD 104.7 million) to expand its technical production capacity by a further 30% at its Sustainable Technology Hub (STH) in Vaasa, Finland, and across its associated global supply chain. The announcement
Fuchs Lubricants opens new Polokwane branch in South Africa
Fuchs Lubricants South Africa has opened a new branch in Polokwane, marking a significant step in the company’s ongoing national expansion and reinforcing its commitment to supporting key industrial
Repsol starts renewable fuel production at Puertollano
Repsol has begun large-scale production of 100% renewable fuels at its Puertollano Industrial Complex in the province of Ciudad Real, Spain, marking the start of operations at the company’s second plant on the Iberian Peninsula dedicated exclusively to renewable fuel
Luberef builds new routes amid regional tensions
Saudi Aramco Base Oil Co. (Luberef) built new marketing channels through Oman and Fujairah, United Arab Emirates (UAE), in response to regional tensions that disrupted its supply routes, President and CEO Samer Al-Hokail told Al Arabiya, as reported by Argaam.
Aramco exits Malaysian downstream JV with PETRONAS
Saudi Arabian Oil Company (Aramco) and Petroliam Nasional Berhad (PETRONAS) have signed an agreement to transfer Aramco’s equity stakes in Pengerang Refining Company Sdn. Bhd. and Pengerang Petrochemical Company Sdn. Bhd. — collectively known as PRefChem — to PETRONAS, ending
Aramco eyes stake in Turkey’s GuzelEnerji fuel network
Saudi Aramco has entered talks with Turkish conglomerate OYAK, the Turkish Armed Forces Pension Fund (OYAK), over a potential equity stake in GuzelEnerji, the group’s fuel distribution subsidiary, Anka News Agency reported. Ugur