Central America
U.S. Gulf Coast fuel oil imports hit record low as Latin America deliveries slow
Fuel oil deliveries into America's largest refining hub on the U.S. Gulf Coast fell to a record low in December, according to data from ship tracker Kpler, as Latin American supplies dried up.
Mexico's oil and gas output drops to lowest level all year in November
Mexico's production of liquid hydrocarbon and natural gas in November fell to the lowest levels recorded all year and was well below last year's averages.
Global diesel prices to rely on refinery closures for support in 2025
The global diesel market will likely find price support in 2025 from the closure of about 1% of refining capacity, traders and analysts said, offsetting current weakness and structural downward pressure as the world shifts to cleaner fuels.
Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs
Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if U.S. President-elect Donald Trump imposes 25% import tariffs on crude imports from the two countries.
Digital Exclusive: U.S. flip-flop jeopardizes global treaty to end plastic pollution
Rob Benedict, Vice President, Petrochemicals and Midstream, American Fuel and Petrochemical Manufacturers (AFPM), details the Biden administration's (U.S.) flip-flop on allowing individual countries to take their own path to tackle plastics pollution, and instead, wants universal plastic production caps and the banning of certain chemicals. Mr. Benedict details why this approach will only hurt the global objective to end plastic pollution.
Mexico's Pemex posts drop in oil production as Lopez Obrador exits
Crude output by Pemex fell in August as Mexico's national oil company failed to reduce fuel imports in line with company targets, while overall falling well short of the lofty energy trade goals of the country's outgoing president.
Global refiners face profit slump as new plants come online
Oil refiners in Asia, Europe and the U.S. are facing a drop in profitability to multi-year lows, marking a downturn for an industry that had enjoyed surging returns post-pandemic and underlining the extent of the current slowdown in global demand.
Mexico's new oil refinery to cover 20% of fuel needs in weeks, president says
Production at a new refinery owned and operated by Mexico's state-run oil company Pemex will meet a fifth of the country's motor fuel needs within two weeks, President Andres Manuel Lopez Obrador said on Monday.
Mexico seeks more 2025 fuel import deals after refinery delays
Mexico is seeking to import more motor fuel for next year than it had previously planned, to compensate for delays in the startup of its new Olmeca refinery.
bp Energy Outlook: Two main scenarios see 2025 oil peak, rapid renewables growth
bp expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 the company published on Wednesday.
- Trump to declare 'national energy emergency' to boost fossil fuels, power projects 1/20
- Russian fuel exports fall in 2024 as drone attacks, bans add to sanctions pressure 1/20
- India refiners ask ADNOC to offer oil delivered price as freight spikes 1/20
- China's 2024 low-sulfur marine fuel exports dip 1.6% vs. 2023 1/20
- Marathon restarts hydrotreater at Galveston Bay Refinery, Texas (U.S.) 1/20
- Sungrow Hydrogen wins supply contract for 320-MW green ammonia project in Oman 1/20
