Crude oil
Biden says decision on pause on federal gasoline tax could come by end of week
U.S. President Joe Biden said on Monday that a decision on whether to pause a federal gasoline tax could come by the end of this week, as the United States struggles to tackle soaring gasoline prices and inflation.
Curacao sets talks with U.S.-Brazilian consortium to run island's oil refinery
Curacao will begin negotiations with a seven-company consortium to take over management of the Caribbean island's oil refinery and storage terminal.
Sinopec Shanghai Petchem shut crude, ethylene units after fire
Sinopec Shanghai Petrochemical Co has shut its crude oil refining and ethylene units to evaluate hidden safety risks after a fire on Saturday that hit a chemical facility.
Petrobras CEO resigns amid political blowback on fuel prices
The chief executive of Brazil's state-run oil company Petrobras resigned on Monday in the face of mounting pressure from politicians after the firm announced a fuel price hike last week.
The downstream rundown: In case you missed it 6/17
In case you missed any downstream news, this piece will give you a summary of some of the top stories from last week.
U.S. steps up heavy crude imports as Biden blasts profiteering
U.S. refiners last month imported the most heavy crude in nearly two years, customs data showed, as they cranked up motor fuel production and sought to replace sanctioned Russian oil.
Thailand agrees more support measures amid surging oil prices
Thailand's economic teams agreed to extend some support measures to reduce living costs for another three months, and sought cooperation from refineries to help boost the country's depleted oil fund amid rising energy prices.
U.S. energy chief to discuss record pump prices with refiners next week
U.S. Energy Secretary Jennifer Granholm is expected to meet with refining executives on June 23 as tensions between the White House and the oil industry mount over soaring gasoline prices.
OMV's Schwechat oil refinery at 20% capacity after accident
OMV's 200,000 bpd Schwechat oil refinery is running at 20% capacity with repairs to fix a crude distillation unit set to take several weeks at least.
Mexico president says new Pemex refinery will reach full capacity in 2023
Mexican President Andres Manuel Lopez Obrador said Wednesday that a new refinery owned by state-run Petroleos Mexicanos (Pemex) will reach full operating capacity by next year, despite industry experts saying it will take until at least 2024.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
