Americas
Mexico's energy chief says plan coming to 'soften' retail fuel increases
HOUSTON (Reuters) — Mexico's finance ministry is looking at ways to "soften" the price impact of gasoline market liberalization next year, Energy Minister Pedro Joaquin Coldwell said on Tuesday following a meeting of North American energy ministers in Houston.
Honeywell UOP providing hydrotreating catalysts for ENAP refinery in Chile
DES PLAINES, Ill. — Honeywell announced that Empresa Nacional del Petroleo (ENAP) has begun using Honeywell UOP’s HYT-6219 Unity hydrotreating catalyst in conjunction with Unity hydrocracking catalysts to produce cleaner-burning diesel fuel at its Bío Bío refinery in Hualpen, Chile.
IEA: Warmer weather may tilt oil market into surplus as demand slows
LONDON (Reuters) — Global oil demand growth looks likely to increase more slowly over the coming months, as warmer temperatures cut consumption, which may tilt the market back into surplus in the first half of next year, the International Energy Agency said on Tuesday.
Oil steady near 2-yr highs, US supply increase caps rise
LONDON (Reuters) — The Brent oil price was steady at close to two-year highs on Monday, with support from Middle East tensions and record long bets by fund managers balanced by rising US production.
Chevron Phillips Chemical celebrates startup of US Gulf Coast petchem project
THE WOODLANDS, Texas — Chevron Phillips Chemical Company LP celebrated the startup of its world-scale polyethylene (PE) units in Old Ocean, Texas that will play a pivotal role in the company’s continuing dynamic growth strategy.
As Saudi Arabia limits US crude shipments, Iraq steps in
NEW YORK (Reuters) — Saudi Arabia's efforts to reduce a worldwide crude supply glut by cutting shipments to the United States means others are now filling in, most notably Iraq, in a trend that is set to accelerate in coming months.
Oil markets little changed near 28-month highs
NEW YORK (Reuters) — Crude oil were little changed on Friday as expectations OPEC and other producers will extend their production cut agreement were offset by forecasts US output will continue to grow with prices holding near 28-month highs.
US sets final anti-subsidy duties on Argentine, Indonesian biodiesel
WASHINGTON/CHICAGO (Reuters) — The US Commerce Department on Thursday said it set final anti-subsidy duties on biodiesel imports from Argentina and Indonesia, pushing soyoil futures to a two-month high even though the decision was expected.
China Energy Investment signs MOU for $83.7 B in West Virginia projects
BEIJING (Reuters) — China Energy Investment Corp, the world's largest power company by asset value, has signed a memorandum of understanding (MOU) to invest $83.7 B in shale gas, power and chemical projects in West Virginia, the US state said on Thursday.
TransMontaigne to acquire west coast refined product, crude oil terminals
DENVER — TransMontaigne Partners L.P. announced that one of its wholly owned subsidiaries has entered into an agreement to acquire the Martinez Terminal and Richmond Terminal from an affiliate of Plains All American Pipeline, L.P., for a total purchase price of $275 MM.
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
