Americas
Another fire breaks out at Calcasieu Refinery
A fire broke out at the Calcasieu Refining Company in Louisiana while crews were working on dismantling an old tank that had previously caught fire.
Funds rotate positions from crude oil to distillates
Portfolio investors are rotating positions from crude oil to middle distillates – anticipating that the low level of distillate inventories will keep prices relatively firm even if the global economy and petroleum consumption slow.
Iran's oil exports hit 5-year highs as U.S. holds nuclear talks
Iran's crude exports and oil output have hit new highs in 2023 despite U.S. sanctions, according to consultants, shipping data and a source familiar with the matter, adding to global supply when other producers are limiting output.
South Korea jet fuel exports to U.S. set to rise to near 2-year high in June
South Korean jet fuel exports to the United States in June are headed for a near two-year high as oil traders cash in on stronger U.S. demand as Asia's aviation sector is still recovering, industry sources said.
Petroperu close to boosting crude supply for Talara refinery, president says
Peru's state-owned energy firm Petroperu is negotiating with oil producers in the Americas and Asia to import about 63,000 bpd of crude for its newly modernized Talara refinery.
Mitsui O.S.K. Lines, Ltd. makes strategic investment in Ascension Clean Energy
MOL Clean Energy and Clean Hydrogen Works, LLC announce MCE as a Joint Venture shareholder in Ascension Clean Energy, a proposed world-scale, clean hydrogen-ammonia production and export facility in Ascension Parish, Louisiana.
Bunge boosts oilseed dominance, renewable diesel potential with Viterra deal
Bunge's planned acquisition of Viterra would make the world's biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, although it may face competition hurdles.
U.S. crude inventories post surprise large build, fuel stocks rise
U.S. crude oil stockpiles posted a surprise large build last week, while gasoline and distillate inventories gained more than expected.
Cushing, OK chosen as new site for $5.6-B oil refinery project
El Campo-based Prairie Energy Partners has chosen Cushing, Oklahoma as the location for its proposed $5.6-B oil refinery project, despite property tax incentives offered by Victoria County officials in Texas.
thyssenkrupp Uhde and Johnson Matthey increase ammonia synthesis capacity at Koch Fertilizer facility
Working in collaboration, thyssenkrupp Uhde and Johnson Matthey have delivered a product solution to in-crease the ammonia capacity at Koch Fertilizer’s Fort Dodge, Iowa facility. During the revamp of the existing ammonia plant, the team integrated the uhde dual-pressure process, which was installed upstream of the existing ammonia synthesis loop.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
