Americas
Citgo Petroleum returned to profit in the second quarter
Venezuela-owned U.S. refiner Citgo Petroleum registered net income of $100 million in the second quarter vs. a $25 million loss in the same quarter last year, finishing the period with liquidity of $2.6 billion.
Argentina raises biofuel prices for domestic market
The Argentine government raised biofuel prices for the domestic market, according to two resolutions published in the official gazette.
Argentina's YPF to invest $400 MM in SAF venture
The new venture, to be called Santa Fe Bio, will be run in tandem with Essential Energy and operate out of YPF's San Lorenzo refinery.
Brazil's Grupo Potencial to invest $392 MM in corn ethanol plant as part of biofuels complex
Brazil's Grupo Potencial will invest 2 B reais ($392.9 MM) to build a corn ethanol plant in Lapa, Parana state, as part of a plan to develop the world's largest biofuels complex.
Mexico exports 39% less crude oil in June, refining and fuel production increase significantly
In May, Pemex's international trading arm, PMI, forecast that the company would export less this year because more would be sent to local refineries, including to its new Olmeca refinery in the port of Dos Bocas.
Update: Cancelled and postponed green hydrogen projects
Developers of green hydrogen have scaled back investments and scrapped projects globally as elevated production costs and weak demand for the low-carbon fuel have made many ventures unviable.
HIF Global announces new design for e-Fuels project in Paysandú, Uruguay
As part of an ongoing dialogue process with the community and the government of Uruguay, HIF Global has presented a revised version of its e-Fuels project in the Paysandú Department.
Brazil's Petrobras to invest $4.8 B in integration between Reduc refinery and Boaventura complex
Brazilian state-run oil firm Petrobras will invest 26 billion reais ($4.8 billion) in an integration between the Reduc refinery and the Boaventura energy complex in Rio de Janeiro state.
Braskem completes first sale of circular polyethylene in South America
Braskem has completed the sale of circular polyethylene (PE), produced through chemical recycling, to the Copobras Group.
Brazil's energy minister hints at possible fuel price cuts
Brazil's Mines and Energy Minister Alexandre Silveira suggested that gasoline and diesel prices could soon be lowered in the country, where state-run oil giant Petrobras controls most of the refining capacity.
- OXEA confirms final investment decision for major capacity expansion at plant 7/10
- TotalEnergies ships to Asia the first cargo produced by the ECA LNG plant 7/10
- ADNOC L&S expands LNG fleet with order for four new carriers 7/10
- India's ONGC plans to build 13-MMbbl national strategic oil reserve 7/10
- Russian refineries, oil terminal, tankers hit, Ukraine says 7/10
- Tajikistan says it has 60 days' fuel in reserve amid Russian supply crunch 7/10
