Americas
Death of diesel in passenger cars of limited concern to refiners
LONDON (Reuters) -- Even if the diesel engine's scandal-driven fall from grace pushes it out of the world's passenger cars, an increasing need for it on ships, in trucks and heavy industry could save the refineries that invested heavily in producing the fuel.
API: Petroleum demand rose in November
WASHINGTON – Total petroleum deliveries in November moved up 2.2% to average 19.6 MMbpd, and were the highest November deliveries in nine years, since 2007.
By shielding biggest buyer Asia from supply cuts, OPEC risks prolonging fuel glut
SINGAPORE (Reuters) -- OPEC's efforts to hold market share in Asia by keeping its customers, which take about two-thirds of its exports, supplied amid wider output cuts could prolong the global fuel glut and frustrate its attempt to bolster prices.
As bruising year ends, US refiners brace for more costly regulations
NEW YORK (Reuters) -- US refiners such as Valero Energy Corp and Marathon Petroleum Corp are bracing for stricter, smog-busting gasoline regulations set to hit in January, threatening more headwinds for an industry that has just endured its least profitable year since the shale boom started five years ago.
Koch escalates tax reform battle with report on gasoline prices
WASHINGTON (Reuters) -- A Koch Industries-funded report warned on Friday US gasoline prices would rise if Congress passed a Republican proposal to adjust US corporate tax rates to favor exports over imports, escalating a lobbying battle over the measure.
DOE shows US used more blended gasoline in 2015
WASHINGTON — Recent data from the US Department of Energy (DOE) shows that gasoline consumed in 25 states and the District of Columbia contained more than 10.0% ethanol on average in 2015. The national average ethanol blend rate was 9.91% according to the DOE data.
Brazil's Braskem to pay $920 MM in leniency deal for corruption case
SAO PAULO (Reuters) -- Brazil's Braskem SA , the largest petrochemical producer in Latin America, signed a leniency deal on Wednesday with Brazilian prosecutors leading a sweeping corruption probe into political kickbacks at state-run oil company Petrobras, the company said in a securities filing.
Tillerson to hand over reins to Exxon's president Woods
(Reuters) -- ExxonMobil Corp said on Wednesday its president, Darren Woods, will become chief executive and chairman in January following the retirement of Rex Tillerson, who is US President-elect Donald Trump's choice for secretary of state.
EIA: Crude stocks down, though inventories up again in Cushing
(Reuters) -- US crude stocks fell last week as refineries hiked output, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Wednesday.
Evonik to build silica plant in South Carolina
Evonik Industries is building a production plant for precipitated silica in the US state of South Carolina to supply the tire industry. The industry needs high-quality precipitated silica for producing fuel-efficient tires with good wet grip properties, which can save up to 8% fuel in comparison to conventional car tires.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
