China aims to increase renewable power

China aims to increase renewable power, maintain crude oil output and boost natural gas production, as it seeks to balance energy security and achieve its climate change goals. China, the world’s biggest greenhouse gases emitter, has said its carbon emission would peak by 2030, while it has said it would achieve carbon neutrality by 2060.

Addition of bio-content in marine fuel helps cut emissions, but is it safe?

In order to reduce the environmental effect of the shipping sector, increasing percentages of bio-components are being blended to marine fuels. In 2017, ISO 8217 6th edition allowed additional Distillate FAME (DF) grades: DFA, DFZ and DFB with a maximum Fatty Acid Methyl Esters (FAME) content of 7.0 v/v%, another potential facilitator of increased water

Saudi Arabia is China’s top crude supplier

Saudi Arabia regained the spot as China’s top crude supplier in the first two months of 2022, having been leapfrogged by Russia in December, while Russian shipments dropped 9% as a cut in import quotas led independent refiners to scale back purchases. Arrivals of Saudi crude totalled 14.61 million tonnes in January-February, equivalent to 1.81

IOC buys Russian Urals crude from Vitol

Indian Oil Corp, the country’s top refiner, bought 3 million barrels of Russian Urals from trader Vitol for May delivery, trade sources said, its first purchase of the grade since Russia invaded Ukraine on Feb. 24. Western sanctions against Russia have led many companies and countries to shun its oil, depressing Russian crude to record

Amid Russian crude loss European refiners forced to amend output

European oil refiners will probably be forced to cut production of gasoline and diesel as they seek to find alternatives to Russian feedstocks. Shell Plc, which operates Europe’s biggest oil refinery, said this week that operating rates at some of its plants will be reduced, while finding other crude supplies could take weeks. That would

No shortage of crude oil in the country: Hardeep Sigh Puri

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said oil companies will fix the fuel prices. He said that in the wake of Russi-Ukraine war, there is no scarcity of crude oil in the country. Puri, however, said the government will take decisions in the best interest of citizens. ”I assure you all

Russian refineries feel the heat of buyers not taking oil products

Rosneft’s 240,000 b/d Tuapse on the Black Sea halted crude uptake March 4 because it cannot ship its production, while the company’s 342,000 b/d Ryazan refinery in central Russia has reduced the volume it is accepting. While there are no sanctions on exports of Russian crude or refined oil products, limited access to credit for

Elon Musk calls US to increase fossil fuels production

Tesla CEO Elon Musk said the US must “immediately” increase its production of crude oil and natural gas amid the ongoing Ukraine crisis which has roiled energy markets. “Hate to say it, but we need to increase oil & gas output immediately,” Musk tweeted.“Extraordinary times demand extraordinary measures,” he tweeted. In the aftermath of Russia’s

Indian oil refiners are snapping up cheap Russian crude

Indian refiners are loading up on Russian oil as prices of the nation’s crude plunge to unprecedented lows. Processors from the world’s fastest-growing importer bought about 6 million barrels of Urals crude from the Black Sea port of Novorossiysk in recent days, traders said. That’s the most India has purchased in at least three years,

Ethanol output to touch 302 cr litres for supply year 2020-21

The ethanol supply in the country to enable blending with petrol is likely to reach 302 crore litres, according to the Economic Survey 2021-2022. The government has set a target of 20% ethanol blending with petrol to be achieved by 2025 to reduce the country’s crude oil import bill, give a boost to the agriculture