Americas
US refiners face weakening demand at pump for first time in 5 years
NEW YORK (Reuters) -- US refiners are facing the prospects of weakening gasoline demand for the first time in five years, stoking fears that earnings this year may be even worse than the dismal performances seen in 2016.
Shell plans to split Motiva JV with Saudi Aramco
HOUSTON (Reuters) -- Shell Oil Co, the US unit of Royal Dutch Shell Plc, said on Monday it expects to divide the refineries and other assets of the Motiva Enterprises joint venture with co-owner Saudi Aramco in the second quarter of 2017.
Air Products to supply nitrogen to Boeing autoclave
LEHIGH VALLEY, Pa. -- Air Products recently installed an advanced nitrogen supply system at Boeing's new 777X Composite Wing Center in Everett, Washington.
API launches new ad campaign during Super Bowl, focuses on benefits of oil and gas
WASHINGTON – During the Super Bowl API will launch Power Past Impossible, a national advertising campaign to highlight how natural gas and oil provide value to Americans’ everyday lives. The campaign’s first ad aired in a 30-second TV spot during the Super Bowl. The new campaign will feature various ways in which consumers benefit from products derived from natural gas and oil.
US ethanol producers pump at record levels, policy clouds loom
NEW YORK (Reuters) -- US ethanol producers pumped out the biofuel at a record pace last week, but higher output belies growing concern in the industry that policy changes in the United States and China could upend demand for their product.
Company says Dakota Access Pipeline to start in Q2
NEW YORK (Reuters) -- The chief executive of Phillips 66 said on Friday he expects the Dakota Access Pipeline to start operations in the second quarter, even though the project - which has sparked protests by Native Americans and environmentalists -- is still in the midst of legal battles and a US regulatory review.
US refiners gobble up foreign crude, at least for now
NEW YORK (Reuters) -- Global oil producers pumping out crude have found particularly willing buyers lately in the United States, where refiners have reaped short-term benefits from buying foreign crude.
Lyondell, buyers differed on value of Houston refinery
HOUSTON (Reuters) -- Differing estimates between would-be buyers and LyondellBasell Industries over the value of the company's Houston refinery resulted in Lyondell's inability to sell the plant last year, Chief Executive Bob Patel said on Friday.
Mexico keeps gasoline prices unchanged amid public backlash
MEXICO CITY (Reuters) -- Mexico's Finance Ministry on Friday said it would keep maximum gasoline prices unchanged between Feb. 4-17 compared with prices in January, postponing an expected fuel price hike amid a violent backlash over its gasoline liberalization.
ACC comments on congressional resolution to address chemical security concerns
WASHINGTON – Congressman Mullin (R-Okla.-02) introduced a resolution today with the support of 15 cosponsors to prevent a new US Environmental Protection Agency (EPA) rule from making changes to the Risk Management Plan (RMP) that will create new security and safety issues.
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- 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
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