Greece's biggest oil refiner Hellenic Petroleum is looking to issue new debt in October to refinance a $561.70 MM bond due May, 2017.
The Federal Reserve outlined a plan to limit Wall Street bets on the energy sector by forcing companies like Goldman Sachs and Morgan Stanley to hold more capital against such investments.
Borealis will study the feasibility of a new propane dehydrogenation plant to be located at the existing Borealis production site in Kallo, Belgium.
The government of Curacao has signed a preliminary agreement with China's Guangdong Zhenrong Energy to operate the aging Isla refinery and invest some $10 B to upgrade the facility.
Money managers have amassed their largest bullish position in US gasoline in more than three months as pipeline and refinery outages send futures and pump prices of the motor fuel soaring.
Asian gasoil distillates refining margins are likely to remain bearish for the next few months on larger than usual exports from China.
The US simultaneously imports and exports gasoline, because of regional differences in gasoline supply and demand balances.
Russia's second-biggest oil producer, Lukoil, played down the possibility of selling its oil refineries in Europe as margins improved.
India's daily oil imports from Iran in August surged to their highest in at least 15 years as the OPEC producer boosted its shipments to recoup market share ceded to rivals Saudi Arabia and Iraq under pressure from economic sanctions.
Bill Gates and Total have decided to invest $14 MM in Renmatix, a producer of cellulosic sugar technology used to create biofuels.