SATORP, a platform jointly owned by Aramco (62.5 %) and TotalEnergies (37.5 %), has for the first time in the region successfully converted used cooking oil through coprocessing into ISCC+ certified Sustainable Aviation Fuel (SAF).
Oil erased its gains since the war in the Middle East began as Israel faces growing pressure to limit its bombardments to help hostage negotiations, keeping the conflict limited entering its fourth week.
PetroChina Co.’s profits rose 21% in the third quarter as increased output offset headwinds from lower oil prices and the nation’s lackluster economic recovery.
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