US Refiners Cash in on Fat Margins as Fuel Demand Surges

US refineries are enjoying the highest profit margins to turn crude oil into gasoline in four years for this time of the year, as demand for the fuel jumps. The Nymex gasoline crack, a rough gauge of the margin refiners can capture with a barrel of crude based on futures prices in New York, was

Qatar Invests in Pakistan’s Next LNG Import Terminal

Qatar, the world’s top supplier of liquefied natural gas, will invest in Pakistan’s next import terminal in a bid to support one of the fastest-growing buyers of the super-chilled fuel. Qasim Terminal Holding Co., a subsidiary of Qatar Energy, has applied for clearance with Pakistan’s government to take a stake in Energas Terminal Pvt., according

Nigeria set to domesticate Methanol production

Minister of Science, Technology, and Innovation, Dr. Ogbonnaya Onu has said that Nigeria is ready to domesticate Methanol fuel production in the country for professionals and expatriates to exhibit their talents and exchange business ideas with their counterparts both home and abroad. The Minister said this when the National Coordinator of the Movement for the

How industry is depending on carbon capture technology for climate goals

Industries from cement to mining are creating plans to cap and cut their planet-warming emissions, and many depend on a technology still in development: carbon capture. There are two main types of carbon capture and storage: Point-source carbon capture and storage (CCS) sequesters CO2 produced at the source, like a smokestack, while direct air capture

Alternative fuel will make India number-1 in automobile sector: Nitin Gadkari

India’s automobile sector can become number-1 in the world in the next five years by using alternative fuel sources, Union Minister for Road Transport and Highways Nitin Gadkari said at the India Today Conclave 2021. Gadkari said it was his dream to make the Indian automobile sector the leader of the segment in the world.

Shipping’s decarbonization move set to hit HSFO demand

The demand for high sulfur bunker fuel oil is set to dwindle worldwide closer to 2030, likely causing the use of scrubbers to fall, as the shipping industry accelerates its decarbonization journey, an industry expert said recently. That is despite ports, such as Singapore, seeing robust HSFO sales in 2021. January-September sales of high sulfur

India Plans Refiners’ Joint Oil Deals to Cut Import Bill

India is forming a group that brings together state-run and private refiners to seek better crude import deals, oil secretary Tarun Kapoor said on Tuesday, as the country grapples with soaring oil prices. The world’s third-largest oil importer and consumer, India depends on imports for about 85% of its crude and buys most of it

Industry organization Marine Fuel Alliance appoints new Executive Officer

Bunker industry organization the Marine Fuels Alliance (MFA) on Wednesday (27 October) said it has appointed Anthony Mollet as Executive Officer. Mollet brings a wealth of bunker industry experience to the newly created role, having held senior positions with some of the sector’s leading companies, including Shell Trading and GAC Shipping. Most recently, Mollet held

$1.64 bn growth in Fuel Additives Market Size from 2021 to 2025

The fuel additives market is set to grow by $1.64 billion between 2021 and 2025 and register a CAGR of 4.33%, according to Technavio’s latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis and summation of data from multiple sources.

The Future of Fuel Additives Transitioning Into 2021

Many automakers have turned to fuel additives to satisfy growing consumer demands for improved engine performance and fuel economy in the modern automotive industry. Fuel additives provide a wide range of benefits, including boosting engine performance, preventing distribution-related complications, and maintaining long-term fuel quality. Currently, the most utilized fuel additives are deposit control and octane