South America
Brazil's Petrobras raises jet fuel prices by around 7% in key markets
Brazilian state-run oil firm Petrobras hiked jet fuel prices for distributors starting on Jan. 1 by around 7% in some key marketing areas, such as Betim, Guarulhos and Duque de Caxias.
Venezuela's 2024 oil exports climb 10.5% amid political turmoil, refinery outages
Venezuela's oil exports rose 10.5% last year despite political instability and changes to the U.S. sanctions regime on the country, as partners of state oil company PDVSA took more cargoes under licenses granted by Washington.
Global diesel prices to rely on refinery closures for support in 2025
The global diesel market will likely find price support in 2025 from the closure of about 1% of refining capacity, traders and analysts said, offsetting current weakness and structural downward pressure as the world shifts to cleaner fuels.
BASF and INOCAS sign agreement to develop sustainable Macaúba oil supply in Brazil to produce bio-naphtha
BASF and INOCAS sign offtake agreement for Macaúba kernel oil and Macaúba pulp oil to further expand BASF’s renewable-based portfolio.
Yara begins production of renewable-based ammonia in Brazil
The first in Brazil, Yara now produces ammonia made from renewable biomethane and has already delivered the first tons of lower carbon product to its customers.
Venezuela's oil, fuel exports approach 1 MMbpd fueled by sales to Asia
Venezuela's oil exports jumped last month on higher sales to its mainstay Asia customers, and approached 1 MMbpd, a level not seen since early 2020.
Dow, Ambipar partner to promote plastics recycling in South America
This partnership aims to create an effective platform for plastic recycling and boost the recycling and waste management system in Brazil.
Petrobras in talks with Raizen, bp for partnership in 'big' comeback on ethanol
Brazilian state-run oil company Petrobras is in talks with Raizen, bp and Inpasa for a possible joint venture in ethanol, as the firm's CEO aims big in a comeback to the sector.
Firefly partners with waste giant Sanepar, strengthening global feedstock access
Firefly Green Fuels, a British sustainable aviation fuel (SAF) developer, has signed a memorandum of understanding (MoU) with Sanepar, one of Brazil’s largest water and sanitation companies.
Yara supplies Cooxupé with Brazil's first batch of lower carbon fertilizer
With initiatives to decarbonize agriculture and other industries, Yara, the global leader in crop nutrition, is the first company to offer in the Brazilian market a nitrogen fertilizer produced from a renewable source, with a reduction of up to 90% in its carbon footprint compared to the same fertilizer produced from fossil-based natural gas.
- 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
