Americas
US refiner margins to stabilize next year as plant closures cut supply
U.S. refiner margins for gasoline and diesel will be relatively unchanged next year, the U.S. Energy Information Administration said, signaling relief for fuel producers who saw profits slump sharply since 2022 on slowing demand growth.
Topsoe to provide technology for one of Brazil’s first commercial-scale SAF plants
Topsoe will provide its HydroFlex and H2bridge technologies to Refinaria de Petróleo Riograndense's 16,000-bpd renewable diesel and sustainable aviation fuel plant in Brazil.
Stamicarbon awarded a PDP contract for Mexican nitric acid plant
Stamicarbon will apply its proprietary NX Stami Nitrates technology for a tailor-made solution to remove nitrous oxide from the tail gas stream, optimizing nitric acid production and reducing the carbon footprint of the plant
DG Fuels to build $5-B, 193-MMgpy SAF facility in Minnesota (U.S.)
DG Fuels announced the selection of a site for a roughly $5-B manufacturing facility in Moorhead, Minnesota, that will produce 193 MMgpy of low-carbon aviation fuel (SAF) using agricultural and wood waste as feedstock.
Russia to aid hurricane-hit Cuba with diesel fuel
Russia has pledged to provide Cuba with approximately 80,000 tons of diesel fuel worth $60 MM to assist the island nation in its energy crisis.
U.S. fuel ethanol exports rise on strong international demand and low U.S. prices
U.S. fuel ethanol exporters are on track to export a record amount of the fuel in 2024. The increase in exports this year has largely been driven by demand in countries with biofuel blending mandates and cheaper-than-usual U.S. fuel ethanol prices.
U.S. exports of ethane and ethane-based petrochemicals rose 135% from 2014 to 2023
U.S. exports of ethane and ethane-based petrochemicals reached an all-time high of 21.6 MMt in 2023, up 135% since the U.S. began exporting ethane in 2014 and 17% more than in 2022, according to data from the U.S. Census Bureau.
Venezuela's oil exports hit a 4-yr peak on higher output, sales to U.S., India
Venezuela's oil exports rose to a 4-yr high, approaching 950,000 bpd in October, boosted by growing crude output and more sales to India and the United States.
Mexico's Pemex posts wider third-quarter loss, hit by weaker peso
Mexican state-owned oil company Pemex reported a deeper $8.2-B 3Q net loss on Tuesday, hurt mostly by a weaker exchange rate even as it benefited from support from the country's new government.
Phillips 66 refineries to run between low to mid 90% range capacity in Q4 2024
U.S. crude oil refiner Phillips 66 plans to operate its refineries in the low to mid-90% range of combined capacity of 1.5 MMbpd in the fourth quarter.
- CTCI awarded $417-MM EPC contract to build ethylene storage in Qatar 11/15
- Russian refineries cut oil runs due to losses, closures loom 11/15
- Spain's Moeve swings to quarterly loss on weak refining margins 11/15
- Asia naphtha supply expected to remain tight over next two years 11/15
- Countries, companies lag in response to tackle methane emissions, U.N. says 11/15
- U.S. energy draws up a wish list for new Trump administration 11/15
