Hydrocarbon Processing Mexico–U.S. energy trade value fell in 2023 on lower fuel prices The value of all energy trade between the U.S. and Mexico decreased almost 15% from $77.8 B in 2022 to $66.5 B in 2023, adjusted for inflation. Japan, S. Korea refiners join China in buying Canadian TMX oil Asia's crude oil imports from Canada's newly expanded Trans Mountain pipeline will rise in September as major refiners in Japan and South Korea and a refinery in Brunei have bought their first cargoes alongside China. Evonik expands sodium methylate production in Argentina to meet growing demand for biofuels Evonik has announced the expansion of its sodium methylate production capacity at its Rosario plant, located in the Sante Fé Province in Argentina. AXION Energy revolutionizes operator training with virtual reality technology AXION Energy has introduced the use of virtual reality headsets for training their operators at the Campana refinery. This initiative will create immersive spaces to resolve issues in real-time, including the selection and use of tools and enhancing the learning experience. Aslan Energy signs MoU for 35,000 hectares of Mexico land to propel green H2 and ammonia production A significant step towards sustainable energy production and environmental preservation was taken by Aslan Energy Capital (Aslan Energy), which signed a memorandum of understanding (MoU) for the acquisition of 35,000 hectares (~86,500 acres) of land in Sonora, Mexico. EIA: Global oil market will be in supply deficit next year Global oil demand will outpace supply next year, the U.S. Energy Information Administration (EIA) said on Tuesday, reversing a prior forecast for a surplus. Brazil's Petrobras ups gasoline prices 7%, first hike under new CEO Brazilian state-run oil company Petrobras announced its first gasoline price hike in almost a year, and also hiked the price of gas used for cooking and heating. Hurricane Beryl knocks out power as it churns across Texas, slows refinery activities, impels port closures Hurricane Beryl lashed Texas with strong winds and heavy rain on Monday as it churned inland, forcing the closure of oil ports, cancellation of hundreds of flights and leaving nearly 2 MM homes and businesses without power. Peru, Ecuador to join efforts on security and oil integration The presidents of Peru and Ecuador pledged to join efforts to fight transnational organized crime and also discussed new possibilities for oil processing. U.S. awards contracts for 1 MMbbls of gasoline sale to five firms The U.S. Department of Energy said that five companies including British oil giant bp and Swiss commodity trader Vitol have been awarded contracts for the sale of 1 MMbbls of gasoline from the U.S.-managed stockpile in northeastern states.