Projected oil surplus of nearly 4 million bpd in 2026 and slowing demand
Markets brace for shifting dynamics amid the IEA's warnings of supply surpluses, moderating demand growth, and ongoing geopolitical uncertainty.
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SIAD Americas LLC has been selected to provide an air separation unit for the Pacifico Mexinol ultra-low carbon methanol project in Sinaloa, Mexico.
Braskem S.A. has announced it will increase the ethane base capacity of its petrochemical plant in Rio de Janeiro, Brazil, by 220 000 tpy of ethylene and equivalent volumes of polyethylene.
Baker Hughes has announced an award from Technip Energies to supply a steam turbine generator along with critical centrifugal compression equipment for the Blue Point Number One Ammonia Project in Modeste, Louisiana, US.
Crystaphase has been named a Partner in Collaboration award winner in Marathon Petroleum Corp.’s 10th Annual Supplier Recognition Awards.
Plug Power has partnered with Edgewood Renewables to build a renewable fuels facility in Nevada, US, utilising renewable natural gas and low-carbon hydrogen.
NEXTCHEM and Uzkimyosanoat JSC have signed an agreement on a potential collaboration to develop a carbon capture project in Uzbekistan.
The pace of capacity additions for US biofuel production slowed in 2024, with production capacity increasing by a modest 3% from the start of 2024 to the start of 2025, according to the EIA’s latest biofuels production capacity reports.
BASF SE and ANDRITZ Group have signed a license agreement for the use of BASF’s proprietary gas treatment technology in a carbon capture project planned to be implemented in the city of Aarhus, Denmark.
Oman Tank Terminal Co. (OTTCO), a subsidiary of OQ Group, and Royal Vopak have signed a shareholder agreement to establish a new company in the Special Economic Zone at Duqm, Oman (SEZAD).
