Americas
Lyondell, buyers differed on value of Houston refinery
HOUSTON (Reuters) -- Differing estimates between would-be buyers and LyondellBasell Industries over the value of the company's Houston refinery resulted in Lyondell's inability to sell the plant last year, Chief Executive Bob Patel said on Friday.
Mexico keeps gasoline prices unchanged amid public backlash
MEXICO CITY (Reuters) -- Mexico's Finance Ministry on Friday said it would keep maximum gasoline prices unchanged between Feb. 4-17 compared with prices in January, postponing an expected fuel price hike amid a violent backlash over its gasoline liberalization.
ACC comments on congressional resolution to address chemical security concerns
WASHINGTON – Congressman Mullin (R-Okla.-02) introduced a resolution today with the support of 15 cosponsors to prevent a new US Environmental Protection Agency (EPA) rule from making changes to the Risk Management Plan (RMP) that will create new security and safety issues.
Petrobras undecided over outright sale of refining assets
SAO PAULO (Reuters) -- Petroleo Brasileiro SA remains undecided about the sale of some refineries, a sign Brazil's state-controlled oil company might be leaning toward forming partnerships by offering stakes in some of them, a person with direct knowledge of the matter said on Thursday.
US reversal on transparency could sting Canadian, European oil companies
HOUSTON/CALGARY (Reuters) -- A reversal of US transparency requirements for the natural resources industry could give American oil companies an edge over Canadian and European rivals who face some of the toughest rules in the world, according to company executives, legal experts and trade groups.
Phillips 66's profit misses on lower refining margins
(Reuters) -- US independent oil refiner Phillips 66 posted a lower-than-expected quarterly profit as margins were squeezed by the narrowing gap between US crude prices and globally-traded Brent crude, to which prices of refined products are tied.
Suncor Energy closes sale of Petro-Canada Lubricants
CALGARY, ALBERTA -- Suncor Energy announced it has closed the previously announced sale of its Petro-Canada Lubricants Inc. business to a subsidiary of HollyFrontier Corporation for gross proceeds of $1.125 billion, subject to customary closing adjustments.
Washington state pipeline disruption jury fails to reach verdict
(Reuters) -- A jury weighing charges against an activist behind a coordinated protest that disrupted the flow of millions of barrels of crude oil into the United States failed to reach a verdict in a case in Washington state, prosecutors said on Wednesday.
Oil prices fall after sharp rise in US stockpiles
SINGAPORE/TOKYO (Reuters) -- Oil prices fell on Thursday after official data showed US crude and gasoline stockpiles rose sharply, although signs that OPEC and other producers are holding the line on output cuts helped support prices.
Industry Metrics
European refinery margins weakened due to slower gasoline export opportunities, despite the colder weather.
- 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
