Americas
Oil climbs as firm demand absorbs ample supply
LONDON (Reuters) — Oil rose on Tuesday as demand soaked up some of the surplus supplies from OPEC and the United States, but traders said the market was trading in a tight range and showed few signs of big short term moves.
US outlines priorities for NAFTA negotiations, API see benefits of modernization
WASHINGTON (Reuters) — The United States on Monday outlined its priorities for renegotiating the NAFTA trade agreement and said it would focus on ensuring better access for US goods exported to Canada and Mexico in order to reduce the US trade deficit.
OPEC's Ecuador says plans to gradually increase oil production
QUITO (Reuters) — OPEC member Ecuador will no longer comply with an agreed OPEC production cut due to the country's financial difficulties and plans to gradually raise its oil output, the government said on Monday.
ExxonMobil, University of Wisconsin-Madison to advance research into fuel from biomass
IRVING, Texas & MADISON, Wis. — The University of Wisconsin-Madison and ExxonMobil have announced a 2-yr renewal of an agreement to research the fundamental chemistry of converting biomass into transportation fuels. The research is part of a broad effort to identify scalable and commercially viable solutions to help meet increasing global energy demand with a renewable resource.
India BPCL makes its first US oil purchase, buys Mars, Poseidon
NEW DELHI (Reuters) — India's Bharat Petroleum Corp has made its first purchase of US oil, buying high sulfur crudes Mars and Poseidon in a tender, its head of refineries R. Ramachandran said.
US court gives environmental regulator 14-day extension on methane rule
NEW YORK (Reuters) — A US court on Thursday gave the US Environmental Protection Agency 14 extra days to comply with a July 3 order requiring the EPA to enforce rules on methane leaks in oil and gas equipment, which the agency had sought to freeze, a filing showed.
Magellan Midstream Partners pipeline ruptures in Texas
HOUSTON (Reuters) — A Magellan Midstream Partners oil pipeline leaked some 1,200 bbl of crude on Thursday, triggering the evacuation of nearby homes while cleanup operations were underway, the company said in a statement.
Oil firm as signs of higher demand outweigh worries of excess
LONDON (Reuters) — Oil prices edged higher on Friday and were on track for solid weekly gains following positive demand signals, production issues in Nigeria and a reported decline in stocks.
Meridian Energy receives water allocation draft permit recommendation for Davis refinery
BELFIELD, ND — Meridian Energy Group, Inc., a developer of innovative solutions for environmentally-compliant oil refining technology, announced the company has received the Recommended Decision for the Davis Refinery water allocation from the North Dakota State Engineer’s Office.
ClearSign receives order to qualify combustion technology for oil refinery
SEATTLE — ClearSign Combustion Corporation, a provider of industrial combustion technologies that deliver a reduction of pollutant emissions, announced that they have received a purchase order to qualify the company's Duplex combustion technology as a precursor to an installation at a super major oil refinery.
- YPF, Eni and XRG sign joint development agreement advancing 12-MMtpy Argentina LNG project 2/12
- Maire launches new technology to produce PTMEG, the key polymer composing the spandex fiber. 2/12
- Verde Clean Fuels announces suspension of development of Permian Basin gas-to-gasoline project 2/12
- Vietnam's largest refinery to operate at 120%-125% of designed capacity in Q1 2/12
- Indonesia's Medco expansion plans bet on rising energy demand in Southeast Asia 2/12
- Brazil to rebuild ethanol stocks in new harvest after 21% drop in 2025-2026 2/12
