Americas
Flotilla of US crude heads to Asia as OPEC weighs extending cuts
HOUSTON/NEW YORK (Reuters) -- Oil tankers carrying around 10 MMbbl of US crude are en route to Asia, according to shipping data and trade sources, as US producers take advantage of favorable prices to ship to the region while OPEC ponders further supply cuts next week.
US motorists on roads for Memorial Day weekend to be highest since 2005
NEW YORK (Reuters) -- The number of Americans traveling by car for the Memorial Day holiday will hit a 12-year high this year, fueled by a growing economy and relatively low gasoline prices, the nation's largest motorists' advocacy group said on Wednesday.
BASF selects Jacobs to support site engineering in Germany
DALLAS -- Jacobs Engineering Group Inc., as one of BASF’s Global Engineering Partners for Large Capital Projects, provides engineering, procurement and construction management services for BASF sites worldwide.
EIA: Oil-fired power plants provide 3% of US electricity capacity, 1% generation
Roughly 70% of petroleum-fired electric generating capacity that still exists today was constructed prior to 1980. Utility-scale generators that reported petroleum as their primary fuel comprised only 3% of total electric generating capacity at the end of 2016 and produced less than 1% of total electricity generation during 2016.
Philadelphia refiners face run cuts due to Sunoco pipeline shutdown
NEW YORK (Reuters) -- Philadelphia area refiners may be forced to cut production in coming months because Energy Transfer Partner LP's Sunoco Logistics is temporarily shutting down a key pipeline that carries refined products into central Pennsylvania, two sources told Reuters.
Panel: New, stronger regulator for Canada energy projects
CALGARY, Alberta (Reuters) -- Canada should reverse the approval process for major energy projects, putting them through federal review before a final decision by new regulatory bodies, an official panel recommended on Monday.
Pembina Pipeline, Petrochemical Industries sign JV for integrated polypropylene facility
CALGARY -- Pembina Pipeline Corporation announced that it, along with Petrochemical Industries Company K.S.C. of Kuwait, has reached key milestones for the previously announced proposed integrated propylene and polypropylene production facility in Sturgeon County, Alberta.
Fluor begins mechanical construction for Dow Chemical project
IRVING, Texas – Fluor Corporation has begun the mechanical construction for The Dow Chemical Company’s new ethylene derivative facility in Freeport, Texas.
Brazil minister calls for protection, not tariffs against US ethanol
SAO PAULO (Reuters) -- Brazil needs to protect its ethanol industry from US corn ethanol with measures other than import tariffs, Mining and Energy Minister Fernando Coelho said on Monday, adding that new tariffs could provoke damaging retaliation.
Colombia's Ecopetrol looks to invest in Latam light crude projects
BOGOTA (Reuters) -- Colombian state oil company Ecopetrol said on Friday it will focus its efforts over the next 18 months on purchasing light crude projects in other Latin American nations, taking advantage of nearly $6 B in cash it held at the end of the first quarter.
- 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
