U.S.
China-U.S. trade war redrawing global LPG trading, outlook
The global liquefied petroleum gas (LPG) market is facing an upheaval as high tariffs on U.S. imports force Chinese buyers to swap American cargoes for alternatives from the Middle East, while U.S. shipments divert to Europe and elsewhere in Asia.
Phillips 66 fires back at Elliott over Citgo conflict of interest amid board fight
Phillips 66 is arguing that Elliott Investment Management should back down from its push to break up the energy company because the activist investor is conflicted from a separate effort to acquire one of Phillips 66's rivals.
More than 100 employees leave U.S. EIA, putting crucial energy data at risk
The U.S. government's energy statistics arm is set to lose > 100 employees after the Trump administration's latest round of resignation offers, putting at risk some of the most closely watched energy reports globally.
India eyes ending import tax on U.S. ethane and LPG in trade talks
India plans to end taxes on U.S. ethane and liquefied petroleum gas (LPG) imports under broader negotiations with Washington as it looks to reduce its trade surplus and ease its tariff burden.
Valero books $1.1-B impairment, may idle California refinery
Valero Energy Corp. said on Wednesday it was taking a $1.1-B pre-tax impairment related to its California (U.S.) refineries and told state regulators it would permanently shut or restructure its San Francisco-area refinery in Benicia, California by the end of April 2026.
U.S. fuel exports to Mexico by land halted by higher scrutiny
The Mexican government has halted U.S. fuel imports sent into the country by road, as it cracks down on illegal deals.
Fidelis' AtmosClear signs agreement with Microsoft for high-quality carbon removal from project in Louisiana (U.S.)
AtmosClear BR LLC, a portfolio company of Fidelis, has signed a contract with Microsoft for 6.75 MM tonnes (t) of engineered carbon removal over 15 yr from bioenergy carbon capture and storage (BECCS).
Update: South Bow proceeds with restart of Keystone Pipeline following North Dakota spill
Keystone pipeline operator South Bow is proceeding with a "carefully controlled restart" of the Keystone Pipeline on Monday, after Pipeline and Hazardous Materials Safety Administration (PHMSA) approved its repair and restart plans.
U.S. oil, biofuel group recommends 5.25 Bgal in biomass diesel mandates
A U.S. and biofuel coalition recommended that the Environmental Protection Agency propose federal mandates for biomass diesel blending for 2026 at 5.25 billion gallons (Bgal), which would be a significant increase from previous mandates.
CF Industries, JERA, Mitsui & Co. form JV for production and offtake of low-carbon ammonia
CF Industries Holdings Inc., a leading global producer of ammonia, has formed a joint venture (JV) with JERA Co. Inc. (JERA), Japan’s largest energy company, and Mitsui & Co., Ltd. (Mitsui), a leading global investment and trading company, for the construction, production and offtake of low-carbon ammonia.
- LyondellBasell to sell select European petrochemical assets to AEQUITA 6/9
- Shell reports June 4 fire at ethylene cracker plant in Pennsylvania (U.S.) 6/9
- Plug Power, Allied Green Ammonia partner for $5.5-B, 2-GW electrolyzer project to produce SAF, green urea and green diesel 6/9
- Carbon Clean, MODEC to accelerate the scale-up of CycloneCC for offshore carbon capture 6/9
- Ebara Elliott Energy signs high-speed balancing bunker agreement to expand Middle East footprint 6/9
- Rotork joins Rockwell Automation’s Technology Partner Program 6/9
