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Americas

Venezuela's president appoints new head for state petrochemical company Pequiven

Venezuela's President Nicolas Maduro appointed Ninoska La Concha as new head of state petrochemical company Pequiven, replacing oil minister Pedro Tellechea, who since March had held three key positions supervising the country's energy industry.

Brazil's ethanol output decreased in favor of sugar production

Mills in Brazil are allocating a near record amount of sugarcane to make sugar, and less so to produce ethanol, as the prices for the sweetener are higher.

Oil driven higher by tight supply expectations

Oil prices jumped by more than 1% and were on track to snap a two-week losing streak, buoyed by expectations of tightening supplies.

U.S. crude stocks to fall further, end below year-ago levels

U.S. crude oil stocks have fallen to their lowest level this year and likely will shrink further, analysts said, as record demand, producer supply cuts, weaker futures and rising storage costs all point to increasing drawdowns.

Marathon preparing to restart Garyville, Louisiana, units

Marathon Petroleum is preparing a plan to begin restarting units at its 596,000-bpd Garyville, Louisiana, refinery.

Oil edges up on U.S. crude stockpile draw, hurricane jitters

Oil prices extended gains after U.S. government data showed tighter-than-expected crude supplies in the world's biggest fuel consumer, while a hurricane in the Gulf of Mexico kept investors on edge.

U.S. EPA waives anti-smog gasoline rules for Texas county after refinery outages

The EPA has issued an emergency waiver in El Paso County, Texas of rules governing gasoline vapor pressure linked to ozone pollution, or smog, due to a fuel supply emergency caused by unplanned outages at two refineries.

Eni, Repsol to upgrade oil-for-debt deal with Venezuela

European oil majors Eni and Repsol plan to expand an oil-for-debt deal with Venezuela under U.S. approval, aiming to supply refined products to state firm PDVSA and boost oil deliveries to Europe, three people close to the matter said.

Airswift acquires Energy Resourcing from Worley to enhance global recruitment and contractor management offering

Airswift, the global workforce solutions provider, announces its acquisition of Energy Resourcing, Worley’s global recruitment and contractor management business.

Polymers as carbon storage: Neste, LyondellBasell, Biofibre and Naftex bring bio-based polymers to the construction sector

Neste, LyondellBasell, Biofibre and Naftex have created a value chain to combine bio-based polymers with natural fiber for the manufacturing of construction elements.