South America
Brazil to phase out subsidy for diesel more slowly than for gasoline, minister says
Brazil's government will take longer to phase out its diesel subsidy than the gasoline benefit, reflecting concerns the process must be handled carefully, even after the drop in global oil prices, to avoid price shocks or fuel shortages.
Venezuela's largest refinery in service after power outage following earthquake
Venezuela's 645,000-bpd Amuay refinery, the country's largest, was back in service on Friday.
Shell forecast: Global LNG demand expected to grow by 65% by 2050
Capstone Energy+ expands proven power solution at world's southernmost refinery with follow-on order in Chile
The new order will expand ENAP’s existing Capstone-powered energy system at the Gregorio Refinery, the world’s southernmost refinery, from 1.4 MW to 2.2 MW. The installation is expected to be commissioned in November 2026.
Opinion: Is the Iran war just an energy shock—or a turning point?
At least 1 billion barrels of crude oil and refined products have been lost from Middle East producers such as Iraq, Kuwait, the United Arab Emirates and Iran itself. As much as 20% of global liquefied natural gas supply is also trapped in the narrow waterway between Iran and Oman.
IMO definition of Brazil corn ethanol carbon footprint a landmark step
In May, the IMO defined the default value of Brazilian corn ethanol's carbon footprint at 20.8 grams of carbon dioxide-equivalent (CO2e) per megajoule, specifically referring to biofuel produced from the country's intermediate or second-corn crop.
- 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
