Americas
Venezuela to charge ex-PDVSA port boss over alleged corruption
CARACAS (Reuters) -- Venezuela will charge a former manager of state oil company PDVSA's main crude exporting port with corruption over suspected overpricing in equipment purchases, the public prosecutor's office said in a statement late on Tuesday.
Oil prices edge up on short covering; gasoline jumps
NEW YORK (Reuters) -- Oil prices gained slightly on Wednesday as investors covered short positions after a rise in US crude inventories was not as massive as many had feared, while gasoline futures jumped nearly 4% after a surprise decline in inventories of the fuel.
Oil prices steady as reviving shale balances OPEC cuts
LONDON (Reuters) -- Oil prices steadied on Tuesday as lower production by OPEC and other exporters balanced growing evidence of a revival in US shale production and sluggish demand.
US refiners face weakening demand at pump for first time in 5 years
NEW YORK (Reuters) -- US refiners are facing the prospects of weakening gasoline demand for the first time in five years, stoking fears that earnings this year may be even worse than the dismal performances seen in 2016.
Shell plans to split Motiva JV with Saudi Aramco
HOUSTON (Reuters) -- Shell Oil Co, the US unit of Royal Dutch Shell Plc, said on Monday it expects to divide the refineries and other assets of the Motiva Enterprises joint venture with co-owner Saudi Aramco in the second quarter of 2017.
Air Products to supply nitrogen to Boeing autoclave
LEHIGH VALLEY, Pa. -- Air Products recently installed an advanced nitrogen supply system at Boeing's new 777X Composite Wing Center in Everett, Washington.
API launches new ad campaign during Super Bowl, focuses on benefits of oil and gas
WASHINGTON – During the Super Bowl API will launch Power Past Impossible, a national advertising campaign to highlight how natural gas and oil provide value to Americans’ everyday lives. The campaign’s first ad aired in a 30-second TV spot during the Super Bowl. The new campaign will feature various ways in which consumers benefit from products derived from natural gas and oil.
US ethanol producers pump at record levels, policy clouds loom
NEW YORK (Reuters) -- US ethanol producers pumped out the biofuel at a record pace last week, but higher output belies growing concern in the industry that policy changes in the United States and China could upend demand for their product.
Company says Dakota Access Pipeline to start in Q2
NEW YORK (Reuters) -- The chief executive of Phillips 66 said on Friday he expects the Dakota Access Pipeline to start operations in the second quarter, even though the project - which has sparked protests by Native Americans and environmentalists -- is still in the midst of legal battles and a US regulatory review.
US refiners gobble up foreign crude, at least for now
NEW YORK (Reuters) -- Global oil producers pumping out crude have found particularly willing buyers lately in the United States, where refiners have reaped short-term benefits from buying foreign crude.
- 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
