Americas
API: Petroleum demand last month highest for June since 2007
WASHINGTON — Total petroleum deliveries moved up 2.6% from June 2016 and were up by 1.0% from May to average 20.3 MMbpd in June, according to the American Petroleum Institute. These deliveries were the highest deliveries for the year and the highest deliveries for the month of June in 10 yr, since 2007.
CVR Refining says 2017 biofuel costs will hit a record
NEW YORK (Reuters) — CVR Refining racked up its highest-ever bill to meet US biofuel standards during the second quarter, putting it on track to pay a record amount in 2017, the company said in an earnings call on Thursday.
German business group: EU must retaliate if hurt by US sanctions on Russia
BERLIN (Reuters) — Europe must be prepared to respond in kind if the United States' proposed new sanctions against Russia end up hurting its companies, an influential German industry association said on Thursday.
Saint-Gobain NorPro develops new micro-size Accu spheres
STOW, Ohio — Saint-Gobain NorPro introduced Accu sphere catalyst carriers. This new spherical catalyst carrier satisfies a growing petrochemical, chemical & refining industry demand for small diameter supports which provide high-geometric surface area, uniform packing, and even flow distribution.
KBR wins LBED contract for ammonia plant revamp in Russia
HOUSTON — KBR, Inc. announced that it has been awarded a contract by Dorogobuzh JSC (owned by JSC ACRON) to provide licensing and basic engineering design (LBED) to revamp an ammonia plant—originally built by KBR—located in the Dorogobuzh, Smolensk region of Russia.
Grace licenses process technology to Canada Kuwait Petrochemical
COLUMBIA, Md. — W. R. Grace & Co., a supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has contracted to license its UNIPOL PP Process Technology to Canada Kuwait Petrochemical Corporation (CKPC), a 50/50 JV between Pembina Pipeline Corporation of Canada and Petrochemical Industries Company K.S.C. of Kuwait.
Marathon Petroleum profit misses as refining margin falls
(Reuters) — Refiner Marathon Petroleum Corp's quarterly profit missed Street view as higher crude acquisition costs weighed on its refining and marketing margins.
Canada's top court finds aboriginals consulted on Enbridge pipeline
OTTAWA (Reuters) — Canada's top court ruled on Wednesday that aboriginals were adequately consulted on changes to an Enbridge Inc oil pipeline, dismissing an attempt to quash the national energy regulator's approval of the project.
Oil prices rise as falling US inventories stoke rebalancing hopes
LONDON (Reuters) — Oil prices rose to near eight-week highs on Wednesday, as a fall in US inventories bolstered expectations that the long-oversupplied market was moving toward balance.
Tesoro to sign agreement to supply transportation fuels in Mexico
SAN ANTONIO, TEXAS — Tesoro Corporation, to become Andeavor on Aug. 1, 2017, announced it has reached a definitive agreement that will enable the company to supply transportation fuels and launch the ARCO brand in the states of Sonora and Baja California, Mexico.
- 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
