Americas
Oil prices slide 2% as strong US economic data boosts dollar
Oil prices slid about 2% after solid U.S. economic data spurred the dollar to a two-month high on growing expectations the U.S. Federal Reserve could raise interest rates again in June.
Oil prices dip with all eyes on U.S. debt talks
Oil prices dipped as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging in the previous session on optimism over U.S. fuel demand.
Valero responds to fire at Corpus Christi, Texas, refinery
Valero Energy Corp said crews had responded to a fire on Wednesday within its 290,000 barrel-per-day Corpus Christi West refinery in Texas.
U.S. refiners build new oil processing as travel rises
U.S. oil refiners aim to run at up to 94% of a total 17.9 million bpd processing capacity this quarter, according to company forecasts and analysts, driven in part by expectations of seasonal travel demand.
Crews responding to fire at Valero's Corpus Christi refinery
Crews are responding to a fire within the 290,000 barrel-per-day Valero Energy Corp's Corpus Christi West refinery in Texas, according to a community alert.
EPA sends final biofuel blending mandate rule to White House for review
The U.S. Environmental Protection Agency has sent a final rule on the amount of ethanol and other biofuels that oil refiners must blend into their fuel over the next three years to the White House for review putting it on track to meet a June deadline to finalize the mandates.
bp targets farms and feedstock as biofuel race gathers pace
bp is considering buying stakes in biofuel feedstock producers and investing directly in farming ventures to secure supplies as the global race for the low-carbon fuel gathers pace.
New fuel policy in Brazil to ease prices at the pump, space out adjustments
Brazilian state oil company Petrobras approved a new fuel pricing policy for gasoline and diesel that will sharply lower costs for motorists, it announced, ditching a more market-based policy in favor of greater flexibility to smooth price swings.
Summit Next Gen to use Honeywell Ethanol-to-Jet Fuel technology for production of SAF
Honeywell today announced that Summit Next Gen will create a sustainable aviation fuel production platform using Honeywell Ethanol-to-Jet Fuel processing technology.
Venezuela's PDVSA to ramp up refining by 20% in 2023
Venezuelan state energy company PDVSA's new management expects to boost the country's oil production to 1.17 million bpd by year end while increasing refining and exploration activities, an internal planning document showed.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
