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Americas

EIA: US Crude oil, gasoline stocks up unexpectedly in latest week

(Reuters) — US crude oil and gasoline inventories grew unexpectedly last week as crude production and refining output rose, the Energy Information Administration said on Wednesday.

Start-up at Mexico's top refinery has begun, still no output

MEXICO CITY (Reuters) — Mexico’s national oil company Pemex’s biggest refinery has begun bringing plants back online following a prolonged stoppage caused by a major earthquake in September, a company spokesperson said on Tuesday.

Kinder Morgan Canada appeals again over Trans Mountain pipeline

CALGARY, Alberta (Reuters) — Kinder Morgan Canada Ltd has again appealed to the country's energy regulator, asking it to set up a process to resolve potential disagreements over local permits for its planned Trans Mountain oil pipeline expansion project.

Mexico's energy chief says plan coming to 'soften' retail fuel increases

HOUSTON (Reuters) — Mexico's finance ministry is looking at ways to "soften" the price impact of gasoline market liberalization next year, Energy Minister Pedro Joaquin Coldwell said on Tuesday following a meeting of North American energy ministers in Houston.

Honeywell UOP providing hydrotreating catalysts for ENAP refinery in Chile

DES PLAINES, Ill. — Honeywell announced that Empresa Nacional del Petroleo (ENAP) has begun using Honeywell UOP’s HYT-6219 Unity hydrotreating catalyst in conjunction with Unity hydrocracking catalysts to produce cleaner-burning diesel fuel at its Bío Bío refinery in Hualpen, Chile.

IEA: Warmer weather may tilt oil market into surplus as demand slows

LONDON (Reuters) — Global oil demand growth looks likely to increase more slowly over the coming months, as warmer temperatures cut consumption, which may tilt the market back into surplus in the first half of next year, the International Energy Agency said on Tuesday.

Oil steady near 2-yr highs, US supply increase caps rise

LONDON (Reuters) — The Brent oil price was steady at close to two-year highs on Monday, with support from Middle East tensions and record long bets by fund managers balanced by rising US production.

Chevron Phillips Chemical celebrates startup of US Gulf Coast petchem project

THE WOODLANDS, Texas — Chevron Phillips Chemical Company LP celebrated the startup of its world-scale polyethylene (PE) units in Old Ocean, Texas that will play a pivotal role in the company’s continuing dynamic growth strategy.

As Saudi Arabia limits US crude shipments, Iraq steps in

NEW YORK (Reuters) — Saudi Arabia's efforts to reduce a worldwide crude supply glut by cutting shipments to the United States means others are now filling in, most notably Iraq, in a trend that is set to accelerate in coming months.

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.