South America

Petrobras selects Honeywell's ethanol-to-jet technology for large-scale SAF plant

Petrobras in talks with Mubadala to buy back Mataripe refinery

Venezuela's refineries down to 31% of crude processing capacity

The South American country has increased oil output and exports since it agreed to a flagship supply pact with the U.S. government in January, but limited power service, outages and need for major repairs and maintenance are creating obstacles to recovering refining operations.

India's Reliance buys Venezuelan oil directly from PDVSA

Since Caracas signed a flagship oil supply deal with Washington after the U.S. capture of President Nicolas Maduro in January, only a small group of companies have been able to buy cargoes directly from PDVSA.

Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction

Brazilian state-run oil firm Petrobras has delivered liquefied petroleum gas auctioned off at high prices, even after President Luiz Inacio Lula da Silva said the government would annul it to protect consumers from fuel spikes.

U.S. naphtha exports surge to record high on Japanese, Venezuelan buying

Argentina allows up to 15% ethanol blend into gasoline after oil shock

Gasoline prices in the South American country rose more than 18% in March, according to analyst estimates, driven by the U.S.-Israel war on Iran and have climbed more than 60% year‑on‑year.

Evonik expands distribution partnership with IMCD for VISIOMER® Specialty Methacrylates in the U.S.

TGS to invest $3 B in new NGL infrastructure project in Vaca Muerta shale formation

Brazil's Petrobras to auction 20 MM liters of diesel amid shortage reports

A spike in diesel prices is emerging as the first and most immediate threat to Brazil's farm sector from the U.S.-Israeli attacks on Iran, raising costs for producers harvesting a record soybean crop and planting corn they cannot afford to delay.