Americas

Brazil minister backs tariff to curb US ethanol imports

BRASILIA/SAO PAULO (Reuters) -- Agriculture Minister Blairo Maggi has asked Brazil's foreign trade council to impose tariffs on ethanol imports following a surge in shipments from the United States, an official said on Thursday, a move that could stir trade tensions with the Trump administration.

Icahn's oil refiner reports plunge in biofuels bill in Q1 2017

NEW YORK (Reuters) -- Biofuels compliance expenses for CVR Energy's refining unit fell to the lowest level in almost five years during the first quarter, the company said on Thursday, as the US government weighs an overhaul of its renewable fuels policy.

Next battleground: An aging Great Lakes pipeline stirs new protest

CALGARY, Alberta (Reuters) -- The growing protest movement against US oil and gas pipelines has so far focused on stopping or delaying new construction, with some high-profile successes.

US refiners bet on strong exports to balance market

NEW YORK (Reuters) -- US refiners have come out of maintenance season betting that big exports to Mexico and South America will help alleviate high product inventories and boost margins as the critical summer driving season nears.

Judge says Exxon owes $19.95 MM for Texas refinery pollution

(Reuters) -- A federal judge ruled on Wednesday that ExxonMobil Corp should pay a $19.95 MM penalty for pollution from its Baytown, Texas, refining and chemical plant complex between 2005 and 2013.

Republican lawmakers urge Trump to weaken Paris climate pact pledge

WASHINGTON (Reuters) -- A group of nine Republican lawmakers urged President Donald Trump to keep the United States in the 2015 Paris climate agreement but to reduce its pledge to cut greenhouse gas emissions, as Trump advisors were set on Thursday to discuss whether to leave the pact.

Maiden Bakken oil cargo to Asia ships out, with more to come

NEW YORK (Reuters) -- The first ever reported export of North Dakota's crude oil to Asia left port last month, according to a shipping document seen by Reuters on Wednesday, in what is expected to be the first of numerous cargoes once the key Dakota Access pipeline starts moving oil in May.

Marathon Petroleum posts surprise profit as pipeline unit delivers

(Reuters) -- Marathon Petroleum Corp reported a surprise quarterly profit on Thursday as the refiner earned more from its pipelines and storages business.

Lubrizol selects Jacobs for EPC services at polyisobutylene unit

DALLAS -- Jacobs Engineering Group Inc. has been selected by Lubrizol to provide engineering, procurement and construction (EPC) services for Lubrizol’s new Polyisobutylene (PIB) unit in Deer Park, Texas.

US crude inventories fall, products build as refining jumps

(Reuters) -- US crude oil inventories fell sharply and stockpiles of gasoline and distillates jumped last week as refineries hiked production rates to the highest since November 2015, the Energy Information Administration said on Wednesday.