Americas
U.S. diesel demand is falling despite economic growth
U.S. diesel demand will drop through 2024 despite growing economic activity, extending a recent break from tradition where demand for the freight fuel grows with GDP, the Energy Information Administration forecast.
Saudi Arabia's 'icing on the cake' oil cut could feed U.S. producers
Saudi Arabia has crafted a complex OPEC+ deal with a view to punishing investors that have bet on falling oil prices but could inadvertently lend long-term support to the rival U.S. energy industry, OPEC+ insiders and market watchers said.
Naphtha tank at Calcasieu Refining catches fire due to lightning
A tank containing naphtha at Calcasieu Refining in Lake Charles, Louisiana caught fire due to a lightning strike, local media reported.
Catalytic cracking unit at Venezuela's Cardon refinery shut down
The catalytic cracking unit at Venezuela's Cardon refinery, the country's second-biggest, has broken down and paused operations since the middle of the week.
Rio Tinto's California mine shifts trucks to run on renewable diesel
Rio Tinto Plc said it has converted trucks and other heavy equipment at its California mine to run on renewable diesel, reducing carbon dioxide emissions by 45,000 tons per year, or roughly the equivalent of 9,600 cars.
U.S. lawmakers say Brazil low-carbon fuel program blocks U.S. companies
A group of U.S. congressmen have formally complained about what they call unfair ethanol trade practices by Brazil that includes a blockade of U.S. companies seeking to take part in the Brazilian low-carbon biofuel program RenovaBio.
Oil gains 2% after U.S. debt deal and jobs data, focus turns to OPEC
Oil prices rose about 2% after the U.S. Congress passed a debt ceiling deal that averted a government default in the world's biggest oil consumer and jobs data fed hopes for a possible pause in interest rate hikes ahead of a meeting of OPEC and its allies this weekend.
Global Project Data
Gulf Energy Information’s Global Energy Infrastructure database is tracking nearly 1,000 active projects around the world.
Oil edges up after steep losses ahead of U.S. debt ceiling vote
Oil prices edged up after steep losses in the prior session, as market participants awaited an expected vote on a bipartisan deal to lift the $31.4-T U.S. debt ceiling.
Lyondell Basell delays refining business exit to 2025
Chemical maker Lyondell Basell Industries said that it plans to delay its refining business exit from year-end 2023 to no later than the end of the first quarter 2025.
- Dow Chemical, Innventure to collaborate on waste-to-value platform 12/19
- Technip Energies, LanzaTech awarded U.S. DOE funding for breakthrough CO2-to-ethylene technology 12/19
- Verde Clean Fuels receives $50-MM investment from Cottonmouth Ventures for the potential development of GTG plants in the Permian Basin (U.S.) 12/19
- India to surpass China as the top source of global oil consumption growth in 2024 and 2025 12/19
- Neste to supply SAF to Air New Zealand marking the airline’s largest purchase of SAF to date 12/19
- KazAzot to use KBR tech for Kazakhstan's first world-scale fertilizer complex 12/19
