Americas
Cheap oil is blunting drive for fuel efficiency
Now that the costs of transport fuel have dropped sharply and appear set to remain low for several years, the focus will shift from efficiency to speed, power and convenience.
Dow Chemical invests in OxyMem’s wastewater treatment technology
The investment will accelerate the commercialization of OxyMem’s promising wastewater treatment technology -- the Membrane Aerated Biofilm Reactor (MABR).
US gasoline use comes in stronger than expected
A larger-than-expected draw in gasoline inventories and falling US crude production softened the blow of soaring crude stocks. Gasoline fell by 4.2 MMbbl to 239.76 million, compared with an analyst forecast for a 1.4-MMbbl draw.
G2X secures $680MM in funding for Natgasoline methanol unit in Texas
The injection of $680 million into the project, combined with OCI's existing equity of $520 million and shareholder loans of $511 million, will complete the entire funding requirements for the project.
Global chemicals output shows monthly growth
During February, chemical production rose in North America, Western Europe, and Asia-Pacific; was flat in Africa & the Middle East; and fell in Latin America and Central and Eastern Europe.
Global diesel glut looms as refiners hike rates to meet gasoline demand
Oil refiners are shifting into high gear to provide as much gasoline as possible for fuel-hungry drivers, and that could lead to a growing diesel glut further down the road.
Analysts wonder if US gasoline consumption data may be overstated
The US consumption figures are so high that some analysts question whether the gasoline is actually being exported rather than consumed domestically.
US gasoline prices rise as demand improves
The rise in gasoline prices is partly because of a seasonal increase in demand as more people are on the road as the weather improves and the days are longer.
INEOS to buy US NGLs from Rex Energy to feed European crackers
The transportation of ethane supplies commenced in April 2016, while propane and butane supplies will start with the completion of Mariner East 2 pipeline in 2017.
API poll: High ethanol mandates worry US voters
“Across the political spectrum, voters are concerned about the significant damage the RFS mandate and higher ethanol blends could cause to automobiles, motorcycles and almost every type of gasoline powered engine,” said Frank Macchiarola, downstream group director at the API.
- 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
