Americas
First corn ethanol project in Brazil starts production
LUCAS DO RIO VERDE, Brazil — A grand opening was held this past week signaling the start of operations at FS Bioenergia, a world-class $115 MM corn-only ethanol production facility located in Lucas do Rio Verde, Mato Grosso.
US to sell 14 MMbbl of crude oil from emergency reserve
WASHINGTON (Reuters) — The US Department of Energy said on Tuesday it will sell 14 MMbbl of crude oil from the nation's emergency reserve in late August.
Greenfield Global evaluating major expansion of biofuels production in Quebec
VARENNES, QC — Greenfield Global Inc., (formerly GreenField Specialty Alcohols Inc.) Canada's largest ethanol producer and a world leader in high-purity specialty alcohols, announced that it has commenced a feasibility study to significantly expand operations for sustainable biofuel production at its biorefinery in Varennes, Quebec.
Venezuela ships more oil to US in July vs June, but less than yr ago
(Reuters) — Venezuela's PDVSA and its joint ventures last month shipped 638,325 bpd of crude to the United States, a 30% increase over June due to larger sales of upgraded oil, according to Thomson Reuters trade flows data.
Oil falls on strong dollar, OPEC and China weigh
LONDON (Reuters) — Oil prices fell on Tuesday, extending a heavy sell-off after a surge in the dollar and weighed down by signs of weaker demand in China, the world's second-largest consumer.
Oil traders expect Asia to import more Venezuelan crude if US sanctions kick in
SINGAPORE/HOUSTON (Reuters) — Asia would be the biggest beneficiary of any potential sanctions by the United States on Venezuela's oil sector, said traders and analysts, as exports from the South American OPEC member could be redirected to the region, filling a vacuum left by producer supply cuts.
Oil prices slip on Chinese demand concerns, rising US activity
AMSTERDAM (Reuters) — Oil prices fell on Monday as a slowdown in Chinese refining raised concerns about demand in the world's second-biggest consumer, while an increase in US drilling capacity could deepen a global supply glut.
Former Mexico oil chief denies taking bribes from Odebrecht
MEXICO CITY (Reuters) — The former head of Mexican state oil company Pemex, Emilio Lozoya, "categorically denied" allegations he received $10 MM in bribes from Odebrecht in exchange for awarding the Brazilian company a contract at a refinery.
Calumet Specialty Products to sell Superior refinery, related assets
INDIANAPOLIS — Calumet Specialty Products Partners, L.P., an independent producer of specialty hydrocarbon and fuels products, announced that it has signed definitive agreements to sell the ownership of its Superior, Wisconsin refinery and various related assets to Husky Superior Refining Holding Corporation, a wholly owned unit of Husky Energy.
Distillates to boost US refiners' bottom line through year-end
NEW YORK (Reuters) — US refiners such as PBF Energy and Valero Energy are heading into the winter season on their best footing in years, as months of surprisingly robust distillate demand has eaten away at stubbornly high inventories and boosted margins.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
