Americas

ExxonMobil acquires crude oil terminal to serve Permian Basin production

HOUSTON — ExxonMobil Corporation announced that it has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP.

Rosneft says ready to discuss Citgo collateral swap

VERONA, Italy (Reuters) — Russian oil major Rosneft will consider proposals to replace a stake in US-based refiner Citgo it holds as collateral for a 2016 loan to Venezuela with another asset, CEO Igor Sechin said on Thursday.

Venezuela's deteriorating oil quality riles major refiners

CARACAS/HOUSTON (Reuters) — Venezuela's state-run oil firm, PDVSA, is increasingly delivering poor quality crude oil to major refiners in the United States, India and China, causing repeated complaints, canceled orders and demands for discounts, according to internal PDVSA documents and interviews with a dozen oil executives, workers, traders and inspectors.

Trump 'committed' to US renewable fuels

WASHINGTON (Reuters) — US President Donald Trump sought to ease concerns on Wednesday that his administration would make major alterations to biofuels policy, telling Iowa's governor he was committed to a decade-old biofuels program even as a top official considers changing it.

Storm in western Canada temporarily disrupts crude pipelines

CALGARY, Alberta (Reuters) — Two crude oil pipelines in western Canada were shut down temporarily on Wednesday, the day after stormy weather caused power outages in parts of Alberta and Saskatchewan.

Jacobs awarded contract for fuel storage, distribution terminal

DALLAS — Jacobs Engineering Group Inc. has been awarded a contract by Invex Infraestructura 4, S.A.P.I. de C.V. (INI4) for a greenfield fuel storage and distribution terminal in Tula Hidalgo, Mexico.

EIA: Crude oil, petroleum product exports reach record levels in H1 2017

Crude oil exports in the first half of 2017 increased by more than 300,000 bpd from the first half of 2016 to 784,000 bpd, a 57% increase. Petroleum product exports also grew over the same period. Crude oil and propane exports each reached record highs of 0.9 MMbpd, and distillate exports reached a record high of 1.3 MMbpd.

US starts anti-dumping probe into PET resin imports

WASHINGTON (Reuters) — The US Department of Commerce said on Tuesday it began an investigation into whether imports of polyethylene terephthalate (PET) resin from Brazil, Indonesia, South Korea, Pakistan and Taiwan were being dumped in the US market.

Mexico's Pemex fires warehouse workers for oil theft

MEXICO CITY (Reuters) — Mexican state oil company Petroleos Mexicanos (Pemex) said on Tuesday it would rescind contracts held by several workers at a warehouse and distribution center in the central state of Guanajuato as part of a strategy to combat oil theft.

ExxonMobil begins production on new polyethylene line at Mont Belvieu plastics plant

HOUSTON — ExxonMobil Chemical Company announced that it has commenced production on the first of two new 650,000 tpy high-performance polyethylene lines at its plastics plant in Mont Belvieu, Texas.