Brazilian energy firm Cosan SA (CSAN3.SA) said in a securities filing on Tuesday that Raizen Combustiveis, its joint venture with Royal Dutch Shell PLC (RDSa.L), is expected to file for an initial public offering in the next few days.
Traders are racing to deliver record volumes of Venezuelan crude oil masked as Malaysian bitumen blend to China, ahead of new fuel taxes that look set to upend the lucrative flow of sanctioned oil to the world's top crude importer.
Global oil trading companies are ramping up jet fuel exports from Asia to Europe and the United States, as widespread anti-coronavirus vaccinations and relatively lower infection rates allow commercial travel to resume faster in Western countries.
Urban Indians are getting COVID-19 shots much faster than the hundreds of millions of people living in the countryside, government data shows, reflecting rising inequity in the nation's immunisation drive.
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Russia s offline oil refining capacity is expected to decline by 19.5% month-on-month to 2.866 million tonnes in July, according to Refinitiv Eikon data and Reuters calculations.
The offline capacity has been revised up this month, by 12.6% from the previous plan to 3.560 million tonnes.
The revision follows adjustments of maintenance schedule by some refineries.