Americas
Venezuela's August oil exports slump 38% as crude upgrading falls short
Venezuela's oil exports in August fell 38% from a three-year high in July as state-run oil company PDVSA struggled to keep its heavy crude upgraders in service, according to vessel monitoring data and internal company documents.
Oil holds breath ahead of OPEC+ supply cut expectations
Oil prices were stable amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unchanged to avoid dampening the U.S. economy.
Global Project Data
Gulf Energy Information’s Global Energy Infrastructure database is tracking more than 1,150 active projects in the hydrocarbon processing industry.
Ready to lead, launch and leverage: The Annual PerspECCtives Conference
Pulling together leaders in the engineering and construction management world, the ECC Annual PerspECCtives Conference convened in Florida on August 30, 2023.
Venezuela's president appoints new head for state petrochemical company Pequiven
Venezuela's President Nicolas Maduro appointed Ninoska La Concha as new head of state petrochemical company Pequiven, replacing oil minister Pedro Tellechea, who since March had held three key positions supervising the country's energy industry.
Brazil's ethanol output decreased in favor of sugar production
Mills in Brazil are allocating a near record amount of sugarcane to make sugar, and less so to produce ethanol, as the prices for the sweetener are higher.
Oil driven higher by tight supply expectations
Oil prices jumped by more than 1% and were on track to snap a two-week losing streak, buoyed by expectations of tightening supplies.
U.S. crude stocks to fall further, end below year-ago levels
U.S. crude oil stocks have fallen to their lowest level this year and likely will shrink further, analysts said, as record demand, producer supply cuts, weaker futures and rising storage costs all point to increasing drawdowns.
Marathon preparing to restart Garyville, Louisiana, units
Marathon Petroleum is preparing a plan to begin restarting units at its 596,000-bpd Garyville, Louisiana, refinery.
Oil edges up on U.S. crude stockpile draw, hurricane jitters
Oil prices extended gains after U.S. government data showed tighter-than-expected crude supplies in the world's biggest fuel consumer, while a hurricane in the Gulf of Mexico kept investors on edge.
- Chiyoda, AVEVA forge strategic partnership to power plantOS with AVEVA CONNECT 6/27
- SABIC announces closure of Olefins 6 facility in Teesside, UK 6/27
- LyondellBasell's polyolefin technologies selected by SHCCIG Yulin for petrochemicals complex in China 6/27
- Damaged unit of Iran's South Pars refinery back operating 6/27
- hte conducts research for JGC to advance decarbonization by identifying suitable catalysts for ammonia cracking 6/26
- TES and CPC Finland to develop 500-MW e-NG project in Finland 6/26
