South America
Iran's oil minister traveling to Venezuela for talks on refining, petrochemicals
The ministers plans to discuss joint refining, engineering and petrochemical projects, including the overhaul of Venezuela's refineries
Return of U.S. oil sanctions on Venezuela to hit revenue, fuel imports
The return of U.S. sanctions on Venezuela's oil and gas sectors would hurt the OPEC country's ability to collect cash from its oil exports, crimp new energy investments and raise the risks of domestic fuel scarcity.
Tanker with Russian diesel to discharge at the port of Venezuela
Sea Maverick with about 33,000 metric tons of ultra-low sulfur diesel loaded at the end of December 2023 at the Russian Baltic port of Primorsk is discharging at the El Palito port in Venezuela.
Brazil domestic ethanol sales soar amid high inventories
Sales of ethanol in the Brazilian market increased sharply in January according to industry data released with mills very active in the selling side as they are apparently running out of storage space due to a bumper crop.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
- U.S. liquid fuels groups announce progress on E15, small refinery exemption reform 12/5
- Million Air and Avfuel bring SAF to Austin, Texas (U.S.) 12/5
- Chinese refiners buy oil from storage, raise output with fresh import quota 12/5
