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Chemicals & Energy: Page 65
Exxon Is Avoiding Tankers That Previously Transported Russian Oil
Moves by big firms such as Exxon and Shell are increasing the pressure on owners to choose between serving Russian and non-Russian interests.
EU Energy Ministers Reach Agreement on Gas Price Cap
The compromise persuaded Germany, the EU’s biggest gas consumer but a sceptic over price caps, to back the plans.
Germany Eyes Arrival of First LNG Vessel to Ease Gas Crunch
The ship’s arrival during northwest Europe’s first major cold snap this winter highlights the need for new gas supplies after Russia slashed deliveries in retaliation for the continent’s support for Ukraine.
Russian Ship Insurer Says It Won't Fill Void Caused by Sanctions
The comments leave unanswered questions about how tankers moving Russia’s oil will get insurance if international firms don’t do so.
Watch: Another Crisis for the Food Supply Chain: Not Enough CO2
John Bell, head of the Department of Supply Chain Management at the University of Tennessee, explains why food processors and other industries are facing a critical shortage of carbon dioxide.
Oil Tankers Queue up off Turkey as Price Cap on Russian Crude Begins
The tanker buildup is the first sign of the impact of the cap on the international oil market, which has been upended by the war in Ukraine.
EU Agrees to Set $60 Price Cap Level for Russian Oil Exports
Diplomats have been under pressure to nail down the cap plan before EU sanctions on seaborne Russian oil kick in December 5.
Ships Linked to Russia’s Biggest Grain Exporter Moved Stolen Ukrainian Cargo
The smuggling process builds on operations in Russian-occupied Ukraine, where trucks have moved stolen grain through a clandestine system to Crimea.
Biden Proposes Overhaul of U.S. Biofuel Law to Boost EV Makers Like Tesla
An Environmental Protection Agency proposal released December 1 invites public feedback on an array of changes to the Renewable Fuel Standard.
Chevron to Send First Venezuelan Crude Shipment to U.S. by Late December
Under the agreements, Chevron will take over operations at an oil upgrading facility where it will process about 1 million barrels of crude to be shipped to U.S. refiners.
Kuwait Exports First Shipment of Jet Fuel From New Zour Refinery
The second and third phases of the refinery will follow, until full capacity of 615,000 barrels is reached early in 2023.
Rolls-Royce Tests a Jet Engine Running on Hydrogen
The plan is for hydrogen power to play a major role in allowing the aviation industry to continue growing, while cutting climate change emissions dramatically.
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