Americas
Venezuela names new leaders at oil firm PDVSA to 'defeat corruption'
CARACAS (Reuters) -- Venezuela's president on Sunday created an executive vice president post and named new vice presidents to lead PDVSA in what he described as a shake-up of the state oil company and an effort to root out corruption in the OPEC nation's principal industry.
Oil extends declines on rising US output
TOKYO (Reuters) -- Oil prices extended declines on Monday, dragged down by signs of growing production in the United States that could partly offset output cuts by OPEC and other producers.
GE collaborates with Canadian university to produce biosolids fertilizer
GUELPH, ONTARIO, CANADA — GE’s Water & Process Technologies today announced it is collaborating with the University of Guelph (U of G) in Ontario, Canada, on a federal government-funded, research initiative to maximize renewable energy generation and simultaneously produce a pathogen-free biosolids fertilizer.
ACC: US chemical production ended 2016 on a soft note
WASHINGTON – According to the American Chemistry Council (ACC), the US Chemical Production Regional Index (US CPRI) fell back 0.2% in December, following a 0.2% gain in November and a 0.1% decline in October, as measured on a three-month moving average (3MMA) basis. In December, chemical production was lower across all regions.
Traveling sauna in US will run on Neste renewable diesel
When traveling the US roads in 2017, drivers may encounter a surprise amidst the conventional cars, trucks, and 18-wheelers. Throughout the year until December, a fully-functional Finnish sauna on wheels will travel 12,000 miles across the country. Neste is a sponsor of the Traveling Sauna, which is one of the many ways in which Finland celebrates its 100 years of independence in 2017.
EIA: Mexican gasoline market reforms could influence US gasoline export trends
The Mexican government is in the process of opening its gasoline and diesel markets to outside competition and replacing government-set prices with market-based prices. Last year, Mexico began allowing entities other than the state-owned company Petróleos Mexicanos (Pemex) to import gasoline and diesel and open retail stations.
Brazil's Petrobras reduces diesel and gasoline prices at refineries
SAO PAULO (Reuters) -- Brazil's state-run oil company Petroleo Brasileiro SA announced on Thursday it is reducing diesel and gasoline prices at refineries, reflecting the fall in international petroleum products prices and the appreciation of the local currency against the dollar.
Magellan Midstream says Iowa pipeline still shut after diesel spill
(Reuters) -- Magellan Midstream Partners LP said on Thursday its refined products pipeline in Worth County, Iowa, remained shut after spilling about 3,300 barrels of diesel.
Buffett's BNSF cuts ethanol shipper costs amid push for safer train cars
NEW YORK (Reuters) -- BNSF Railway Co will start offering discounts to ethanol shippers this April if they agree to use new, safer train cars, as it pushes to scrub puncture-prone ones from its rail lines at a faster pace than required by US regulations.
US gasoline stockpiles build for fourth week on weak demand
(Reuters) -- Inventories of gasoline rose sharply in the United States for the fourth straight week amid weaker-than-usual demand, while crude oil stocks were also higher, the Energy Information Administration said on Wednesday.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
