South America
Petrobras reports record high refinery output in 2024
Brazil's Petrobras saw output from its refineries hit an all-time high in 2024 with record production of gasoline and S-10 diesel.
Turkey and Brazil top buyers of Russian diesel
Turkey and Brazil remained the main importers of Russian seaborne diesel and gasoil last year amid the European Union's ban on imports of Russian refined products.
Port of Açu and Yamna announce land reservation agreement for green ammonia plant in Brazil
Port of Açu Operações (Port of Açu) and YamnaCo Ltd. (Yamna) have signed a land reservation agreement in the new hub for low-carbon hydrogen (H2) and its derivatives in the port industrial complex of Port of Açu in the northeast of Rio de Janeiro State to develop a green ammonia project.
Brazil's Petrobras raises jet fuel prices by around 7% in key markets
Brazilian state-run oil firm Petrobras hiked jet fuel prices for distributors starting on Jan. 1 by around 7% in some key marketing areas, such as Betim, Guarulhos and Duque de Caxias.
Venezuela's 2024 oil exports climb 10.5% amid political turmoil, refinery outages
Venezuela's oil exports rose 10.5% last year despite political instability and changes to the U.S. sanctions regime on the country, as partners of state oil company PDVSA took more cargoes under licenses granted by Washington.
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.
BASF and INOCAS sign agreement to develop sustainable Macaúba oil supply in Brazil to produce bio-naphtha
BASF and INOCAS sign offtake agreement for Macaúba kernel oil and Macaúba pulp oil to further expand BASF’s renewable-based portfolio.
Yara begins production of renewable-based ammonia in Brazil
The first in Brazil, Yara now produces ammonia made from renewable biomethane and has already delivered the first tons of lower carbon product to its customers.
Venezuela's oil, fuel exports approach 1 MMbpd fueled by sales to Asia
Venezuela's oil exports jumped last month on higher sales to its mainstay Asia customers, and approached 1 MMbpd, a level not seen since early 2020.
Dow, Ambipar partner to promote plastics recycling in South America
This partnership aims to create an effective platform for plastic recycling and boost the recycling and waste management system in Brazil.
- LyondellBasell to likely begin closure of Houston refinery (U.S.) this weekend 1/22
- Enilive (Eni) starts SAF production at 400,000-tpy Gela biorefinery in Sicily 1/22
- Digital Exclusive (sponsored): Improve efficiency via centralized data and advanced collaboration 1/22
- Topsoe to provide technology to Chuangui Lingang New Energy's 300,000-tpy SAF/renewable diesel plant in China 1/22
- Sri Lanka agrees with China's Sinopec to fast-track $3.7-B refinery 1/22
- South Korea's GS Caltex plans Yeosu refinery maintenance in late February 1/22
