Americas
Oil markets little changed near 28-month highs
NEW YORK (Reuters) — Crude oil were little changed on Friday as expectations OPEC and other producers will extend their production cut agreement were offset by forecasts US output will continue to grow with prices holding near 28-month highs.
US sets final anti-subsidy duties on Argentine, Indonesian biodiesel
WASHINGTON/CHICAGO (Reuters) — The US Commerce Department on Thursday said it set final anti-subsidy duties on biodiesel imports from Argentina and Indonesia, pushing soyoil futures to a two-month high even though the decision was expected.
China Energy Investment signs MOU for $83.7 B in West Virginia projects
BEIJING (Reuters) — China Energy Investment Corp, the world's largest power company by asset value, has signed a memorandum of understanding (MOU) to invest $83.7 B in shale gas, power and chemical projects in West Virginia, the US state said on Thursday.
TransMontaigne to acquire west coast refined product, crude oil terminals
DENVER — TransMontaigne Partners L.P. announced that one of its wholly owned subsidiaries has entered into an agreement to acquire the Martinez Terminal and Richmond Terminal from an affiliate of Plains All American Pipeline, L.P., for a total purchase price of $275 MM.
Icahn subpoenaed by US on biofuels dealing
NEW YORK (Reuters) — Billionaire investor Carl Icahn has been subpoenaed by the US Justice Department over his efforts to overhaul the US biofuels program during his time as an unpaid adviser to President Donald Trump, his company said in a securities filing.
Brian Nessen joins Gulf Publishing Company as Group Publisher for pipelines and infrastructure group
HOUSTON — Brian Nessen, an experienced business-to-business media and trade show executive, has joined Gulf Publishing Company as Group Publisher. Nessen will manage a group that includes Pipeline & Gas Journal, Underground Construction, Underground Construction Technology conference and exhibition, and the Pipeline Opportunities Conference.
EIA: US crude stockpiles rise in week, defying expectations
NEW YORK (Reuters) — US crude stocks rose unexpectedly last week as imports increased, while gasoline and distillate inventories fell, the Energy Information Administration said on Wednesday.
Diamond Green Diesel initiates engineering review for proposed expansion
IRVING, Texas — Darling Ingredients Inc. and Valero Energy Corporation announced that in anticipation of growing demand for renewable diesel due to the Renewable Fuel Standard (RFS) and global low carbon markets, they will initiate an engineering and construction cost review to analyze an additional project growing annual production capacity to 550 MMgal at the Diamond Green Diesel (DGD) facility in Norco, LA.
Shell begins main construction on Pennsylvania petchem complex
HOUSTON – Shell Chemical Appalachia LLC announced the official start of the main construction phase of its major petrochemicals complex in Pennsylvania, USA. This follows the successful completion of the site preparation and detailed design and engineering work.
Magellan Midstream hits full capacity at Corpus Christi condensate splitter
HOUSTON (Reuters) — Magellan Midstream Partners said on Tuesday that its condensate splitter in Corpus Christi, Texas, reached maximum processing capacity of 50,000 bpd after being knocked offline because of Hurricane Harvey.
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- Slovakia, Hungary say Ukraine has halted Lukoil's Russian oil transit 7/18
- Update: Singapore middle distillates stocks surge on jet fuel imports 7/18
- Rompetrol completes DCU project at Petromidia refinery 7/17
- U.S. SAF production forecast to eclipse 50,000 bpd by 2026 7/17
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