U.S.
India eyes ending import tax on U.S. ethane and LPG in trade talks
India plans to end taxes on U.S. ethane and liquefied petroleum gas (LPG) imports under broader negotiations with Washington as it looks to reduce its trade surplus and ease its tariff burden.
Valero books $1.1-B impairment, may idle California refinery
Valero Energy Corp. said on Wednesday it was taking a $1.1-B pre-tax impairment related to its California (U.S.) refineries and told state regulators it would permanently shut or restructure its San Francisco-area refinery in Benicia, California by the end of April 2026.
U.S. fuel exports to Mexico by land halted by higher scrutiny
The Mexican government has halted U.S. fuel imports sent into the country by road, as it cracks down on illegal deals.
Fidelis' AtmosClear signs agreement with Microsoft for high-quality carbon removal from project in Louisiana (U.S.)
AtmosClear BR LLC, a portfolio company of Fidelis, has signed a contract with Microsoft for 6.75 MM tonnes (t) of engineered carbon removal over 15 yr from bioenergy carbon capture and storage (BECCS).
Update: South Bow proceeds with restart of Keystone Pipeline following North Dakota spill
Keystone pipeline operator South Bow is proceeding with a "carefully controlled restart" of the Keystone Pipeline on Monday, after Pipeline and Hazardous Materials Safety Administration (PHMSA) approved its repair and restart plans.
U.S. oil, biofuel group recommends 5.25 Bgal in biomass diesel mandates
A U.S. and biofuel coalition recommended that the Environmental Protection Agency propose federal mandates for biomass diesel blending for 2026 at 5.25 billion gallons (Bgal), which would be a significant increase from previous mandates.
CF Industries, JERA, Mitsui & Co. form JV for production and offtake of low-carbon ammonia
CF Industries Holdings Inc., a leading global producer of ammonia, has formed a joint venture (JV) with JERA Co. Inc. (JERA), Japan’s largest energy company, and Mitsui & Co., Ltd. (Mitsui), a leading global investment and trading company, for the construction, production and offtake of low-carbon ammonia.
Phillips 66 sets the record straight on Gregory J. Goff’s relationship with Elliott Management
Phillips 66 responded to a letter released by Gregory J. Goff to Phillips 66 Shareholders.
U.S. exits carbon talks on shipping, urges others to follow
The U.S. has withdrawn from talks in London looking at advancing decarbonization in the shipping sector and Washington will consider "reciprocal measures" to offset any fees charged to U.S. ships.
Analysis: U.S. refiners unlikely to spend big to process more domestic oil
U.S. refiners are not planning to make big-ticket investments to process more domestic crude and less oil from top suppliers Canada and Mexico, industry sources and analysts said, an obstacle to President Trump's plan to boost oil output.
- 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
