Americas
US sets antidumping duties on Argentine, Indonesian biodiesel
WASHINGTON (Reuters) — The US Commerce Department set preliminary antidumping duties on imports of biodiesel from Argentina and Indonesia, after an initial finding that the products used as motor fuel were being sold at prices below market value in the United States.
ExxonMobil acquires crude oil terminal to serve Permian Basin production
HOUSTON — ExxonMobil Corporation announced that it has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP.
Rosneft says ready to discuss Citgo collateral swap
VERONA, Italy (Reuters) — Russian oil major Rosneft will consider proposals to replace a stake in US-based refiner Citgo it holds as collateral for a 2016 loan to Venezuela with another asset, CEO Igor Sechin said on Thursday.
Venezuela's deteriorating oil quality riles major refiners
CARACAS/HOUSTON (Reuters) — Venezuela's state-run oil firm, PDVSA, is increasingly delivering poor quality crude oil to major refiners in the United States, India and China, causing repeated complaints, canceled orders and demands for discounts, according to internal PDVSA documents and interviews with a dozen oil executives, workers, traders and inspectors.
Trump 'committed' to US renewable fuels
WASHINGTON (Reuters) — US President Donald Trump sought to ease concerns on Wednesday that his administration would make major alterations to biofuels policy, telling Iowa's governor he was committed to a decade-old biofuels program even as a top official considers changing it.
Storm in western Canada temporarily disrupts crude pipelines
CALGARY, Alberta (Reuters) — Two crude oil pipelines in western Canada were shut down temporarily on Wednesday, the day after stormy weather caused power outages in parts of Alberta and Saskatchewan.
Jacobs awarded contract for fuel storage, distribution terminal
DALLAS — Jacobs Engineering Group Inc. has been awarded a contract by Invex Infraestructura 4, S.A.P.I. de C.V. (INI4) for a greenfield fuel storage and distribution terminal in Tula Hidalgo, Mexico.
EIA: Crude oil, petroleum product exports reach record levels in H1 2017
Crude oil exports in the first half of 2017 increased by more than 300,000 bpd from the first half of 2016 to 784,000 bpd, a 57% increase. Petroleum product exports also grew over the same period. Crude oil and propane exports each reached record highs of 0.9 MMbpd, and distillate exports reached a record high of 1.3 MMbpd.
US starts anti-dumping probe into PET resin imports
WASHINGTON (Reuters) — The US Department of Commerce said on Tuesday it began an investigation into whether imports of polyethylene terephthalate (PET) resin from Brazil, Indonesia, South Korea, Pakistan and Taiwan were being dumped in the US market.
Mexico's Pemex fires warehouse workers for oil theft
MEXICO CITY (Reuters) — Mexican state oil company Petroleos Mexicanos (Pemex) said on Tuesday it would rescind contracts held by several workers at a warehouse and distribution center in the central state of Guanajuato as part of a strategy to combat oil theft.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
