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Americas

Vitol ships gasoline and MTBE cargoes to Mexico

Mexican state energy company Pemex has resumed dealing with Vitol nearly three years since deals with the world's largest independent energy trader were banned over a graft scandal.

U.S. producer prices accelerate in August on gasoline

U.S. producer prices increased by the most in more than a year in August as the cost of gasoline surged, the latest indication that the road to low inflation would be uneven.

OCI Global doubles capacity as shipping industry seeks green methanol

OCI Global the world's biggest producer of green methanol, plans to double the production capacity at its Texas facility to 400,000 metric tons per year.

Biden vows to cut U.S. gasoline prices

President Joe Biden vowed to get U.S. gasoline prices down, one day after a report showed consumer inflation surged by the most in 14 months due to higher energy costs.

CF Industries proposes new $2-B low-carbon ammonia production facility in Ascension Parish, Louisiana (U.S.)

CF Industries Holdings, Inc., the world’s largest producer of ammonia, announced it is evaluating the feasibility of constructing a low-carbon clean ammonia production plant at its Blue Point Complex in Ascension Parish.

OPEC says IEA estimate of peak fossil fuel demand by 2030 not 'fact-based'

The Organization of the Petroleum Exporting Countries said data-based forecasts do not support the International Energy Agency's projection that demand for fossil fuels would peak in 2030.

Cargill to boost biodiesel production through acquisition of Granol's soy crushers in Brazil

The U.S. company last month announced a binding offer to buy the soy crushing plants as it looks to boost biodiesel production and expand operations in the world's biggest soy producer.

Global diesel shortage boosts prices

Global distillate fuel oil inventories remain much lower than normal for the time of year which is putting strong upward pressure on fuel prices.

Sempra Infrastructure completes sale of non-controlling interest in Port Arthur LNG Phase 1 to KKR

Sempra Infrastructure announced that it has completed the sale of a 42% indirect, non-controlling interest in its Port Arthur LNG Phase 1 project to KKR.

USDA to adjust GHG model to help ethanol get aviation fuel subsidy

The U.S. Department of Agriculture will spend up to $400,000 to adjust a federal greenhouse gas emissions model to ensure that aviation fuel made from corn-based ethanol is eligible for hefty subsidies.