Americas
California carbon market sees weak demand for permits
SAN FRANCISCO (Reuters) -- California's carbon market generated little interest from buyers at last month's permit auction, results released showed, raising concern about the program's ability to deliver funding for projects like the state's bullet train.
Oil, biofuels groups urge US EPA deny refiner requests to tweak RFS program
NEW YORK (Reuters) -- A coalition of trade groups representing oil, biofuels and other interests pressed the US government on Thursday to deny requests to tweak the country's biofuels program, the latest in a series of political maneuvers that have roiled markets.
Guyana says future oil output could be refined in Trinidad, Suriname
GEORGETOWN (Reuters) -- The South American nation of Guyana could send future oil production to Trinidad and Tobago or Suriname for refining, a government official said on Thursday.
US Senate confirms Trump pick Perry as energy secretary
WASHINGTON (Reuters) -- The US Senate on Thursday voted to confirm President Donald Trump's pick to head the Department of Energy, former Texas Governor Rick Perry, who has promised to renew America’s nuclear weapons arsenal.
Athlon, Evonik partner up to boost petchem capabilities
An agreement with Evonik Industries inked last fall complements Athlon Solutions’ water and process treating capabilities with a globally-proven product line and technical support network.
Global Project Data
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database, more than $400 B is being invested in active petrochemical projects around the world.
Industry Perspectives: Global petrochemical sector to see robust growth to 2020
The global petrochemical sector will continue to see strong growth through the end of the decade, despite a decrease in new project announcements. The crash in energy markets has shifted the industry’s mindset from bullish to optimistic.
Formosa expects faster ok for US petchem plant under new EPA chief
(Reuters) -- Formosa Petrochemical Corp. expects faster approval for a planned $9.4 billion petrochemical plant in the US state of Louisiana under the administration of President Donald Trump, the company's chairman said on Wednesday.
Peak gasoline demand looms with engine efficiency gains
LONDON (Reuters) -- Demand for gasoline in the US, which accounts for a tenth of global oil consumption, is expected to peak next year as engines become more efficient, WoodMackenzie analysts said.
Oil down on record US crude stocks, flat Russian output
LONDON (Reuters) -- Oil prices fell on Thursday after US crude stocks hit an all-time high and official data showed Russian oil production unchanged in February, with no further cuts to tighten the market and drain global oversupply.
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