Central America
Cuba on edge as U.S. seizure of oil tanker puts supply at risk
A U.S. move this week to seize an oil tanker out of Venezuela is poised to make a bad situation worse for a crisis-stricken Cuba already struggling to source enough oil to power its ailing economy and electrical grid.
Mexico's Pemex pumps less, refines more at home in October, data shows
Its seven local refineries refined 43% more year-on-year, reaching 1.04 MMbpd, helped in part by the Olmeca refinery in the port of Dos Bocas, which processed 191,657 bpd.
Global oil refining profits surge and may stay strong
The strength in margins contrasts with crude oil markets coming under pressure from an expected oversupply, and has defied expectations earlier this year that the rally could prove to be a short-term blip due to the impact of tariffs.
Quick wins on cutting methane dogged by a slow transition
The pledge to cut methane emissions by 30% below 2020 levels by 2030 has been signed by 159 countries plus the EU. Many of them have developed, or are working on, methane action plans, and billions of dollars have been committed to the effort.
Fight over port charges in Trinidad jeopardizes ammonia, methanol exports
A standoff involving port charges paid by producers of methanol and ammonia to Trinidad and Tobago's National Gas Company is threatening sales of the products from one of the world's biggest producers.
Mexico's Pemex crude oil exports in August fall 32% year-on-year
Pemex's seven local refineries processed just over 1.05 MMbpd in August, up from the previous month.
Mexico's Olmeca refinery restarting units after power outage
The 340,000-bpd refinery, which has not yet operated at full capacity, has brought back online two crude distillation units and the main gasoline producing unit.
Update: Mexico's Minatitlan refinery back online, Olmeca still down
The Olmeca refinery, which is yet to reach full capacity, was forced to shut down all processing units on Monday after heavy rainfall directly impacted a compressor on the 94,000-bpd gasoline-producing unit.
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- 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
