Americas
Phillips 66 profit tops estimates on surge in refining margins
(Reuters) — Independent US refiner Phillips 66 on Friday posted a quarterly profit that handily beat analysts’ estimates, boosted by soaring refining margins in the aftermath of Hurricane Harvey.
Venezuela graft probe claims another top executive at oil firm PDVSA
CARACAS (Reuters) — A top executive at Venezuela's PDVSA and 10 other oil executives were arrested as part of growing graft investigations that are ridding the state energy company of much of its top brass, the OPEC member's state prosecutor said on Thursday.
US Senators from refinery states seek Trump meeting on biofuels policy
(Reuters) — Nine US senators from states that have oil refineries sent a letter to President Donald Trump on Thursday urging changes to biofuels policy and asking for a meeting to discuss the issue.
Kinder Morgan Canada appeals to regulator after permit failure
CALGARY, Alberta (Reuters) — Kinder Morgan Canada Ltd said Thursday that it has been unable to gain permits from the coastal city of Burnaby, British Columbia, for its Trans Mountain pipeline expansion and is appealing to the national regulator for construction approval.
Explorer Pipeline fuel line from Texas to Oklahoma running at reduced rates
NEW YORK (Reuters) — Explorer Pipeline’s fuel line from Houston to Glenpool, Oklahoma, is running at reduced rates due to temporary repairs made on Oct. 24, pushing up cash gasoline prices in Midwestern markets.
Oil slips on higher US crude inventories, production
LONDON (Reuters) — Oil slipped on Thursday, pressured by an unexpected increase in US crude inventories, high US production and exports, but stayed near multi-month highs on support from tighter crude markets.
Gulf Coast refinery runs approaching pre-hurricane levels
For the week ending Oct. 20, gross inputs to petroleum refineries in the US Gulf Coast averaged 8.8 MMbpd, or about 324,000 bpd higher than the previous five-year range for mid-October, based on data in EIA’s Weekly Petroleum Status Report (WPSR).
Italy's Mossi Ghisolfi draws interest for troubled US assets
FRANKFURT/MILAN (Reuters) — Italian plastics multinational Mossi Ghisolfi has attracted interest from a series of buyers, including plastics maker Indorama, for its US assets placed under Chapter 11 restructuring, sources close to the situation said.
SNC-Lavalin signs master service agreement with Chevron
MONTREAL — SNC-Lavalin announced it has signed a master services agreement with Chevron, for systems completion support on all Chevron’s major capital projects worldwide. SNC-Lavalin strives to be Chevron’s preferred system completion provider.
Green groups pressure automakers on US fuel efficiency rules
WASHINGTON (Reuters) — The Sierra Club, Greenpeace USA and Public Citizen and other environmental and consumer advocacy groups plan to turn up the pressure on Wednesday in their campaign to stop automakers from lobbying the Trump administration to weaken fuel efficiency requirements.
- 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
