South America
Reformer of Venezuela's second-largest refinery halted for repairs
The naphtha reformer of Venezuela's second-largest refinery, the 310,000-bpd Cardon, has been halted for maintenance and repairs following an equipment malfunction last week.
Venezuela's oil exports hit a 4-yr peak on higher output, sales to U.S., India
Venezuela's oil exports rose to a 4-yr high, approaching 950,000 bpd in October, boosted by growing crude output and more sales to India and the United States.
Neste, Braskem partner on supply of renewable and recycled feedstocks for polymers and chemicals production
Braskem will use more sustainable feedstocks from Neste to produce circular and bio-circular polymer resins and chemicals, which will be sold in South America under Braskem’s Wenew brand.
Petrobras inks deal to supply Vale with fuel with renewable content
Petrobras has agreed to sell diesel with renewable content to Vale in a deal that might also include the supply of other low-carbon fuels going forward.
Brazil: TotalEnergies sells its fuel distribution activities to SIM Distribuidora
TotalEnergies has signed an agreement to sell its fuel distribution activities in Brazil to SIM Distribuidora, a Brazilian company.
At least 21 injured in fire at Venezuela's La Salina oil terminal
At least 21 people including workers, neighbors and firefighters were injured on Tuesday in a fire at a crude storage tank in Venezuela's La Salina oil terminal, operated by state company PDVSA.
Trader Vitol sells Venezuelan oil to Indian refiners
Two Indian state refiners have bought 2 MMbbl of Venezuelan crude from trading house Vitol for November delivery, as shipments to what previously was Venezuela's second largest oil market continue to grow.
Exxon director joins Elliott group seeking to acquire Citgo Petroleum
ExxonMobil board director Gregory Goff recently joined a newly formed Elliott Investment Management-backed company seeking to acquire control of Venezuela-owned oil refiner Citgo Petroleum.
Catalytic cracker, distillation units at Venezuela's Amuay refinery resume operations
A catalytic cracker and two distillation units at Venezuela's Amuay refinery, the country's largest, have resumed operations following a power interruption earlier this month.
Global refiners face profit slump as new plants come online
Oil refiners in Asia, Europe and the U.S. are facing a drop in profitability to multi-year lows, marking a downturn for an industry that had enjoyed surging returns post-pandemic and underlining the extent of the current slowdown in global demand.
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