Gasoline
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.
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.
Topsoe Technology to reduce customers’ greenhouse gas emissions by 12 MMt in 2022
Topsoe’s technologies are set to reduce its customers’ greenhouse gas emissions by 12 MMt in 2022 alone. These reductions will not be one-offs but ongoing for the years to come.
Chevron Corporation awards Worley a global services agreement
Worley and Chevron have entered into a global master services agreement covering Chevron’s upstream, midstream, and downstream business needs.
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.
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.
Aramco Trading plans to absorb Motiva Trading ahead of possible IPO
The move to combine the businesses is expected to give potential investors a better sense of the scale of Aramco's trading and would also allow the state oil producer to simplify financial reporting and cut duplication.
Biden blasts oil refiners for record high gasoline prices, profits
U.S. President Joe Biden demanded oil refining companies explain why they are not putting more gasoline on the market, sharply escalating his rhetoric against industry as he faces pressure over rising prices.
Dow publishes second annual integrated ESG Report
Dow Inc. released its second annual comprehensive Environmental, Social, and Governance (ESG) report, further demonstrating its commitment to transparency in data disclosure.
- 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
