Americas
Advent-led GTM buys Brazil chemical firm quantiQ for $172 MM
SAO PAULO (Reuters) -- GTM Holdings SA, Latin America's No. 1 independent distributor of chemical products, has agreed to pay $172 million for Brazilian peer quantiQ Distribuidora Ltda, in an effort to gain more foothold in the region's biggest country.
US probe of Venezuelan state oil firm spurs more guilty pleas
(Reuters) -- Two US-based energy executives pleaded guilty on Tuesday to US charges stemming from a scheme to corruptly secure contracts by bribing officials from Venezuela's state oil company PDVSA.
Mexico's Pemex says protests cause 'critical' border city fuel shortage
MEXICO CITY (Reuters) -- Mexico's oil company, Pemex, is struggling to supply gas stations around the northern border city of Mexicali because of a blockade at a storage site, part of a wave of sometimes violent protests and looting over a gasoline price hike.
Refiners shun new Canadian crude blend offer from Enbridge line
CALGARY, Alberta (Reuters) -- Enbridge Inc has approved a new stream of heavy Canadian crude for export on one of its major oil pipelines to the United States, according to four trading sources. The only problem? No one wants it.
Honeywell, Aereon to leverage Industrial Internet of Things for O&G
HOUSTON -- Honeywell and Aereon announced they will collaborate on solutions to help industrial customers boost the safety, efficiency and reliability of their operations by leveraging Honeywell's Industrial Internet of Things (IIoT) ecosystem.
US to sell 8 MMbbls of crude oil reserves
HOUSTON (Reuters) -- The US Department of Energy on Monday issued a Notice of Sale for crude from its Strategic Petroleum Reserves, with bids for 8 million barrels of light, sweet oil due by Jan. 17.
Oil down 3% on concerns over rising Iraqi exports, US output
NEW YORK (Reuters) -- Oil prices tumbled by 3% on Monday on concern that record Iraqi crude exports and rising US output would undermine OPEC's efforts to curb global oversupply.
Colonial Pipeline shuts stubline to Nashville on suspected leak
NEW YORK (Reuters) -- Colonial Pipeline Co's gasoline line between Atlanta and Nashville, called Line 19, remained shut on Monday after it was closed on Sunday after a possible spill, a company spokeswoman said on Monday.
REXA establishes Canadian subsidiary
West Bridgewater, MA – REXA announces that it has established REXA Canada, a subsidiary dedicated to improving customer service, technical support, and parts availability for Canadian customers in the oil and gas, refining, power generation, metals and mining industries.
European gasoline arb to US East Coast widens; freight rates limit flows
(Reuters) -- US gasoline prices recently soared to multiyear seasonal highs over European prices, setting the stage for more imports from across the Atlantic, but high freight costs mean not everyone will be able to take advantage of the arbitrage opportunity.
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