U.S.
U.S. estimates it will take $20 B and years to refill strategic oil reserve
U.S. Energy Secretary Chris Wright estimates it would take $20 B and years to accomplish President Donald Trump's goal of refilling the Strategic Petroleum Reserve to its maximum capacity, the U.S. Energy Department said.
Rely to support Verso Energy in the development of seven e-Fuels production plants worldwide
Rely, a joint venture between Technip Energies and John Cockerill, and Verso Energy have signed a memorandum of understanding (MoU), in view of the development by Verso Energy of seven e-Fuels production plants worldwide: four in France, two in Finland, and one in the U.S. These facilities are expected to produce more than 500,000 tpy of sustainable aviation fuel (SAF), with up to 90% lower lifecycle emissions than conventional jet fuel.
Citgo Petroleum's profit plummeted to $305 MM in 2024
Venezuela-owned U.S. refiner Citgo Petroleum reported on Thursday a $305-MM net income last year, below the $2-B profit of 2023, following a $146-MM loss in the fourth quarter.
Nominations now open for the 2025 Women in Hydrogen
In celebration of International Women’s Day, Women in Hydrogen 50 proudly announces the opening of nominations for its 2025 honorees, recognizing female excellence in the global hydrogen sector.
EIA: U.S. butane exports reached a new record in 2024
The United States is exporting record volumes of normal butane as global demand for liquefied petroleum gases (LPG) surges.
Nitricity announces $10 MM in fresh funding for first-of-a-kind organic fertilizer plant in Central California
Nitricity Inc., a California startup electrifying the production of nitrogen fertilizer, has announced $10 MM in project funding from a strategic mix of capital providers that includes Elemental Impact and Trellis Climate to build a first-of-a-kind (FOAK) organic fertilizer facility in Delhi, California.
Key U.S. energy data trends to track as tariffs kick in
Energy product traders, utilities, investors and business executives are among those scrambling to assess the likely impact of new steep tariffs on the United States' largest trade partners, which kicked in on Tuesday.
EIA: Refinery closures and rising consumption will reduce U.S. petroleum inventories in 2026
In 2026, the U.S. Energy Information Administration (EIA) forecast that inventories of the three largest transportation fuels in the U.S.—motor gasoline, distillate fuel oil and jet fuel—will fall to their lowest levels since 2000 in its February Short-Term Energy Outlook.
LyondellBasell approves propylene expansion project
LyondellBasell has announced an investment to expand propylene production capacity at its Channelview complex near Houston, Texas (U.S.).
Refinery closures and rising consumption will reduce U.S. petroleum inventories in 2026
In 2026, the U.S. EIA forecast that inventories of the three largest transportation fuels in the United States—motor gasoline, distillate fuel oil and jet fuel—will fall to their lowest levels since 2000
- Braskem Siam partners with Mitr Phol Bio Fuel to use ethanol to produce bio-ethylene/polyethylene 3/21
- Wison Engineering signs FEED contract with WasteFuel for Ankara Green Methanol project in Turkey 3/21
- U.S. slaps Iran-related sanctions on oil tankers, China 'teapot' refinery 3/21
- Regulations needed to spur airlines to use SAF, Japan oil refiners group head says 3/21
- Russia replaces UAE as the top naphtha supplier to India in 2024–25 3/21
- Asia's sour crude demand to rebound on completed regional refinery maintenance and upgrades 3/20
