Economics
Citgo ready to resume oil imports from Venezuela if U.S. authorizes
Citgo Petroleum is willing to resume imports of Venezuelan crude, suspended since 2019 by Washington's sanctions on its parent company PDVSA, if the U.S. government authorizes the flow.
History of the HPI: The 1980s: Oil spike/collapse, liquid crystals, conducting polymers and the rise of AR/VR
Several major impactful events took place in the global oil and gas and petrochemical industries in the 1980s.
Enabling a circular economy delivery model through truckable modularization
As resources become scarcer, and as costs continue to rise, companies are looking for new methods to reduce their material feedstock costs and remain competitive.
Exxon profit set to soar again; White House wants more oil
Wall Street analysts sharply increased their ExxonMobil Corp second-quarter profit estimates after the largest U.S. oil producer projected it could almost double its first-quarter earnings.
Venezuela's second largest refinery suspends gasoline production
Venezuela's state company PDVSA has suspended gasoline production at the country's second largest refinery due to an outage at its reformer.
Oriente crude exports suspended, Napo flowing amid force majeure
Exports of Ecuador's flagship Oriente crude remain suspended under a force majeure declaration as the spread of anti-government protests hurts oil output.
The downstream rundown: In case you missed it 6/24
In cased you missed any downstream news, here are the top stories from last week.
Cost of Mexico oil refinery rising to up to $12-B, president says
A major new oil refinery under construction on Mexico's Gulf coast will ultimately cost between $11 B and $12 B, up from around $8 B originally estimated by the government.
Surge in U.S. renewable diesel supply won't offset loss of petroleum diesel
A flood of U.S. renewable diesel plants set to come online in the next three years will not be enough to offset the loss of petroleum diesel refining capacity from plant closings since 2019.
Kuwait investing to meet any OPEC output increase
Kuwait Petroleum Corporation chief said the Gulf producer had the capacity to reach its OPEC quota and was moving to its first offshore production as it invests to meet future oil demand.
- Dow, Ambipar partner to promote plastics recycling in South America 11/26
- Hygenco selects Topsoe as technology provider for green ammonia production 11/26
- Aviation sector officials warn of Trump effect on green jet fuels 11/26
- Russia's oil and gas revenue down by a third in November m/m 11/26
- Contentious COP29 deal shows climate cooperation fraying at edges 11/26
- Oil majors betting big on biofuels with more than 40 projects by 2030 11/26
