Oil refiners in Europe bet big on biofuels

Europe’s oil majors’ ‘big bet’ on hydrogen as the transport fuel for the future is not so big in reality, according to a new study on behalf of Transport & Environment (T&E), which shows that investments in biofuels refining are eight times bigger. T&E accuses oil producers of not being serious about investing in genuinely

Power demand limits Japan’s bunker fuel availability

Japan’s marine fuel availability has been tight since early November as Japanese refiners prioritise fuel oil supply requests from the domestic power sector in preparation for peak winter electricity demand. Japanese refiner Eneos has received 2½ times more fuel oil delivery enquiries from Japanese power firms compared with a year earlier, while the company’s supply