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Americas

Vertex Energy pauses renewable diesel output to switch back to fossil fuels, citing macroeconomic woes

U.S. refiner Vertex Energy will pause renewable diesel production at its refinery in Mobile, Alabama, and convert it to produce fossil fuels instead, citing macroeconomic woes which might persist through next year.

Citgo Petroleum reports Q1 profit of $410 MM

Oil refiner Citgo Petroleum reported its first quarter net fell 56% to $410 MM, from $937 MM in the same period a year ago.

Golden Pass LNG in discussions with contractor, may delay startup

Golden Pass LNG, a JV between QatarEnergy and Exxon Mobil, said it was in ongoing talks with a contractor that could have near-term impacts on activity at its site.

Diesel profit margins decline amid lower demand, more capacity

Profit margins for diesel are slumping as new refineries boost supplies and as mild weather in the northern hemisphere and slow economic activity eat into demand, putting oil prices under further downward pressure.

New $1.5-B natural gas pipeline to provide feedstock to Dow's petrochemicals plant and other industrial facilities

Canadian utilities CU.TO said is developing a $1.5-B natural gas pipeline project in Alberta to transport natural gas to Dow's petrochemicals plant and other industrial facilities.

bp’s Cherry Point refinery turns feedstock into renewable diesel fuel. Here’s how.

bp is boosting biofuels production to 50,000 bpd globally by 2025. Here, bp provides insight into the company's Cherry Point refinery, in Washington state (U.S.), and the facility's co-processing techniques.

Heavy oil shortages are driving up refiners' cost

Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners' costs with a likely knock-on effect to industries ranging from shipping and construction to Middle Eastern power plants.

U.S. West Coast refinery demand for hydrogen increasingly met by merchant suppliers

U.S. West Coast refiners are using more hydrogen purchased from merchant suppliers than from their own production.

ADNOC terminates talks to buy stake in Brazil's Braskem

Brazilian petrochemical producer Braskem said that Abu Dhabi oil company ADNOC has decided to terminate talks to buy a stake held by conglomerate Novonor in the firm.

UAE's Mubadala Capital plans $13.5-B biofuels investment in Brazil

Mubadala Capital, a subsidiary of Abu Dhabi's Mubadala Investment Company, is planning a $13.5-B investment in Brazil's biofuels sector over the next decade.