REFINING: Indonesia's Balikpapan Refinery Set For RFCC Operations in Q4
Oct-01 12:42
Pertamina's Balikpapan refinery is 96.5% complete and the "main priority" residue fluid catalytic cracking (RFCC) unit is preparing to launch operations in Q4, according to Reuters citing Pertamina's refining subsidiary.
- The upgrade is set to increase refining capacity to 360kb/d from 260kb/d while improving efficiency and diversify its operations.
- A number of the main facilities in Balikpapan have begun operations.
- "This RFCC unit will expand the products output of the refinery, namely gasoline, LPG, and propylene, the raw material for plastic," Taufik Aditiyawarman at Kilang Pertamina Internasional said.
- The upgrade aims to convert oil residues into high-value products, raising the yield of valuable products from 75.3% to 91.8%, and strengthening integration with petrochemical projects.
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BONDS: EUREX Roll Pace
Sep-01 12:31
EUREX ROLL Pace as off Friday:
- Buxl: 18%.
- Bund: 17%.
- Bobl: 24%.
- Schatz: 16%.
- BTP: 10% (below pace).
- BTS: 16%.
- OAT: 18%.
GLOBAL POLITICAL RISK: Week Ahead 1-7 September
Sep-01 12:20
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(MNI) London – All timings are subject to change.
Monday 1 September:
- European Union: European Commission President Ursula von der Leyen is set to hold talks with Romanian President Nicusor Dan and PM Ilie Bolojan following a visit to Lithuania for talks with President Gitanas Nauseda and a visit to the Belarusian border. The trip has garnered significant attention after the EU confirmed that von der Leyen’s plane had been subject to an interference attack, with GPS navigation services at a Bulgarian airport disabled as her plane was set to land on 30 August. Russia is suspected to have carried out the operation, but Kremlin spokesperson Dmitry Peskov denied this to the FT.
- United Kingdom: Parliament returns from its summer recess for a short session ahead of the party conference recess that starts on 16 September. Focus during this session remains on when Chancellor of the Exchequer Rachel Reeves announces a date for the budget, and speculation on what tax increases and/or spending cuts will be included.
EUROPEAN INFLATION: Irish Inflation Accelerates With Core Also Firmer
Sep-01 12:15
Irish HICP headline inflation rose by 0.2pp to 1.8% Y/Y in August, its highest rate since April. It came with monthly inflation of 0.3% M/M. HICP excluding energy and unprocessed food inflation (i.e. a proxy for core) also firmed two tenths to 1.9% Y/Y in August.
- Energy inflation of -0.1% Y/Y marked a slight increase from the -0.3% Y/Y in July. It came as energy prices fell -0.3% M/M, similar to expectations for August on a Eurozone-wide basis more broadly.
- Food meanwhile accelerated to a firm 5.0% Y/Y, up from 4.6% in July.
- "Transport costs have fallen by 0.5% in the month and decreased by 2.4% in the 12 months to August 2025", the statistics office adds.
