South America

Cemvita and Radix to advance circular SAF feedstock plant in Brazil

Cemvita’s proprietary biomanufacturing platform converts crude glycerin into a versatile bio-oil that can be upgraded into high-value, drop-in feedstocks, including co-processing in existing refineries and/or hydro-processed esters and fatty acids (HEFA)-based SAF, expanding both the feedstock base and the decarbonization potential of the fuel value chain.

U.S. authorizes U.S. diluent supply to Venezuela oil sector

Diluents are a key fuel needed to produce exportable crude oil grades.

Brazil on track for ethanol production jump in 2026

Healthy ethanol prices, expansion of corn ethanol plants and an expected large sugarcane crop will lead to a jump this year in output of the biofuel in Brazil.

Venezuela oil exports rise sharply in January under U.S. control

Venezuelan oil exports rose to some 800,000 bpd in January, from 498,000 bpd in December, after the U.S. capture of Nicolas Maduro and the ending of an oil blockade which has let traders carry most exports, shipping data showed.

Refiner Phillips 66 can process 250,000 bpd of Venezuelan crude

The price for Venezuelan crude does have to be competitive, and Venezuelan crude may displace some other sources of heavy crude including Western Canadian Select.

ExxonMobil, Chevron see glimmer of Venezuela's potential, especially in refining its crude

Petrobras expands its presence in the international market with the sale of bunker fuel containing renewable content

U.S. lifts some Venezuela sanctions to ease oil sales

The move by the Treasury’s Office of Foreign Assets Control authorizes U.S. companies to buy, sell, transport, store and refine Venezuelan crude oil, but does not lift existing U.S. sanctions on production.

Russia hunts for new naphtha markets as key buyers pull back

Buyers have become more cautious after Washington imposed sanctions on top Russian oil producers, forcing sellers to hold naphtha on ships or in storage abroad from where it can be re-exported, often with the destination obscured.

AES Andes abandons $10-B green hydrogen project in Chile