Americas
Marathon Petroleum's profit beats; says to speed up asset transfer
(Reuters) -- Marathon Petroleum Corp reported a higher-than-expected quarterly profit and said it would speed up the transfer of assets to its unit, MPLX LP.
Valero says record biofuels compliance costs to continue in 2017
NEW YORK (Reuters) -- Valero Energy Corp on Tuesday signaled that record high costs to comply with the US renewable fuels program will continue this year, after the oil refiner was hit with a ballooning tab for the program in 2016.
Honeywell to provide largest Oleflex unit in Europe for Borealis AG
DES PLAINES, Ill. -- Honeywell announced that Borealis AG selected Honeywell UOP's process technology for a proposed plant in Kallo, Belgium, that converts propane into propylene, a primary ingredient for making plastics.
Imperial Oil profit boosted by asset-sale gain
(Reuters) -- Imperial Oil Ltd, majority owned by ExxonMobil Corp, reported a sharp rise in fourth-quarter profit, helped by a gain from the sale of its service stations.
Venezuela's Paraguana refineries at 42% of capacity
(Reuters) -- Venezuela's Paraguana refining complex was operating at about 42% of capacity, a union official said late on Monday, citing an internal report that came amid chronic unit stoppages in the country's refining system.
Oil steady as rising US output offsets OPEC-led cuts
LONDON (Reuters) -- Oil prices steadied on Tuesday as rising US drilling activity helped undermine efforts by OPEC and other producers to cut output to try to prop up the market.
Sulfur-rich crudes, usually discounted, shine after OPEC cuts
LONDON (Reuters) -- Efforts to stem the world's surplus of crude oil have thus far only moderately balanced the market -- but have turned typically lower-quality crude into the most sought after barrels.
Brazil's Petrobras says judge orders suspension of Suape and Citepe sale
BRASILIA (Reuters) -- Brazil's state-run oil company Petroleo Brasileiro SA said on Tuesday a judge had ordered the suspension of the sale of petrochemical companies Suape and Citepe.
Valero Energy profit beats estimates on higher ethanol margins
(Reuters) -- Valero Energy Corp, the largest independent US refiner, reported a better-than-expected quarterly profit as higher margins in its ethanol unit more than offset weakness in its refining business.
US will change course on climate policy, Trump official says
LONDON (Reuters) -- The United States will switch course on climate change and pull out of a global pact to cut emissions, said Myron Ebell, who headed US President Donald Trump's Environmental Protection Agency (EPA) transition team until his inauguration.
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- EU imposes measures to curb ethanol imports from Pakistan 6/24
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- BEL Valves supplies six-figure order for Europe’s largest processing plant 6/24
