Americas
Lawmakers urge Biden to resolve offloading delay of seized Iran oil tanker
U.S. lawmakers from both political parties have urged President Joe Biden and members of his administration to resolve a months-long delay in the transfer of a cargo of oil from a seized Iranian tanker off Texas.
Petrobras CEO says no pressure from govt on fuel prices
Brazil's Petrobras was not pressured by the federal government to refrain from raising local fuel prices, its CEO said, after the state-run oil company announced a major hike in gasoline and diesel prices to track an "abrupt" global spike.
Brazilian grain giant Caramuru begins soybean-based ethanol sales
Brazilian food and fuel processor Caramuru Alimentos, one of the country's largest grain crushers, has started selling soybean-based ethanol at one of its plants in center-western Brazil.
Strathcona: The road to renewable fuel
The renewable diesel facility at the Strathcona refinery near Edmonton, Canada, will soon help pave the way to a lower-emission future.
Brazil's Petrobras to raise diesel, gasoline prices
Brazilian state-run oil company Petrobras said it will raise gasoline and diesel prices at its refineries after what it called an "abrupt" increase in global oil prices.
Oil dips further as China worries counter supply cuts
Oil prices dipped as concerns about China's faltering economic recovery and a stronger dollar took the momentum out of seven weeks of gains on tight supply.
U.S. diesel prices surge anticipating a soft landing
Prices for diesel and other distillate fuel oils have surged as expectations for a soft landing and an improving economic outlook in the United States threaten to deplete already low inventories even further.
IEA lowers forecast for oil demand growth in 2024
The International Energy Agency said demand growth for oil next year will be slower than previously forecast, citing lackluster macroeconomic conditions, post-pandemic recovery running out of steam and burgeoning use of electric vehicles.
Brazil's Petrobras does not intend to sell Braskem stake
Brazilian state-run oil company Petrobras is not planning to sell its 36% stake in petrochemical firm Braskem.
Mubadala bets on ethanol, not sugar, with new Brazil cane investment
Abu Dhabi investment fund Mubadala Capital will take an opposite direction from most of its peers in the Brazilian sugar and ethanol industry, which it plans to enter by early next year, betting on expanding output of the biofuel and looking only marginally to sugar.
- NextChem awarded licensing contract for 60,000-tpy SAF plant in Indonesia 12/19
- Emirates Biotech selects Sulzer Technology to build polylactic acid production facility 12/18
- Bureau Veritas, Samsung Heavy Industries partner to develop CCS solutions 12/18
- Indonesia's higher biodiesel mandate rollout may be gradual, industry watchers say 12/18
- Major Asian oil exporters close 2025 diesel sales at lower levels vs. 2024 12/18
- Russia's December idle oil refining capacity revised up 35% 12/18
