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Americas

US refiner Phillips 66 charters foreign vessel after Jones Act waiver

(Reuters) — Phillips 66 has chartered a Marshall Islands-flagged vessel, making use of a temporary waiver of the Jones Act that was put in place to meet fuel shortages in the wake of hurricanes Harvey and Irma, Argus Media reported on Thursday.

Storms worsen unprecedented summer slump in US diesel supply

NEW YORK (Reuters) — US diesel stockpiles did something this year that has never happened in the summer before: They shrank. And that was even before Hurricane Harvey landed, knocking out a quarter of US refining capacity, crippling production of fuel products.

EIA: Global use of liquid fuels to grow by nearly a fifth by 2040

NEW YORK (Reuters) — Global use of petroleum and other liquid fuels will grow by nearly a fifth by 2040, driven by the transportation and industrial sectors, the US government said on Thursday.

Magellan Midstream, Valero form JV to expand Pasadena marine terminal

TULSA, Okla. and SAN ANTONIO — Magellan Midstream Partners, L.P. and Valero Energy Corporation announced the expansion and joint development of the marine storage facility currently under construction along the Houston Ship Channel in Pasadena, Texas.

Mexico court temporarily blocks higher ethanol in gasoline

MEXICO CITY (Reuters) — A Mexican judge on Wednesday granted a temporary injunction against an increase in the ethanol content in gasoline for domestic consumption to as much as 10%, according to an environmentalist involved in the case.

US extends shipping waiver to Sept. 22 for storm relief

WASHINGTON (Reuters) — The US Homeland Security Department on Wednesday said it has extended through Sept. 22 a temporary waiver of a law that limits the availability of shipping vessels, in a move to help Hurricanes Harvey and Irma responders get access to fuel.

Emerson launches industry-first controller for automation versatility, IIoT-enabled operations

AUSTIN, Texas — Emerson is launching the DeltaV PK Controller, making the advanced automation of its DeltaV distributed control system (DCS) available to fast-growth industries traditionally less reliant on large-scale automation.

Magellan Midstream probes big Texas fuel spill during Harvey floods

(Reuters) — Magellan Midstream Partners LP said on Tuesday it was investigating the cause of a nearly 11,000-bbl gasoline spill from two above-ground fuel storage tanks at its Houston-area terminal in Texas during Hurricane Harvey.

Pemex expects Salina Cruz refinery to be back online in 3–4 weeks

MEXICO CITY (Reuters) — Mexican state oil company Pemex expects Salina Cruz refinery, the country’s largest, to be up and running in three or four weeks once it has repaired the electrical system damaged by an earthquake last week.

IEA: Global oil inventories shrinking on robust demand

LONDON (Reuters) — The global oil surplus is beginning to shrink due to stronger-than-expected European and US demand growth, as well as production declines in OPEC and non-OPEC countries, the International Energy Agency said on Wednesday.