U.S.
Brazil says U.S. ethanol tariff would be unreasonable, calls for sugar talks
Brazil's Energy and Mining Minister Alexandre Silveira said on Thursday that a potential U.S. tariff on Brazilian ethanol would be unreasonable, emphasizing that the two countries have historically negotiated ethanol and sugar trade together.
U.S. senators reintroduce bill to allow year-round, nationwide E15 sales
U.S. senators reintroduced a bipartisan bill on Thursday that would allow nationwide sales of gasoline with a higher blend of ethanol year-round, a plan that has the support of a leading oil trade group.
PBF says no estimate on duration of Martinez, California (U.S.) refinery outage
Independent U.S. refiner PBF Energy said it has no estimate for how long its 156,400-bpd Martinez, California, refinery will remain shut following a fire on February 1, according to a statement released on Thursday.
U.S. Republican senators call for $1,000 tax on new EV sales to pay for road repairs
A group of Senate Republicans on Wednesday proposed a $1,000 tax on new electric vehicle purchases to account for the cost of federal road repairs. Most revenue for federally funded road repairs is collected through taxes on diesel and gasoline, which EVs do not pay.
PBF refineries to operate up to 76% of capacity in Q1
Independent U.S. refiner PBF Energy plans to operate its seven refineries up to 76% of their combined production capacity of 1 MMbpd in the first quarter of 2025.
U.S. crude stockpiles build on ongoing refinery maintenance
U.S. crude oil inventories rose last week as refinery maintenance continued, while gasoline stockpiles posted a surprise draw.
Some U.S. Gulf refiners paying premium prices for Trinidad's Molo crude
Some U.S. Gulf Coast refiners have recently paid prices over the Brent LCOc1 crude benchmark for Trinidad and Tobago's Molo heavy sour crude.
Trump administration approves SAF refinery loan
President Donald Trump’s energy department said on Tuesday it approved the disbursement of a loan guarantee that had been finalized days before he took office to Calumet for the expansion of a sustainable aviation fuel (SAF) refinery in Montana.
Elliott builds $2.5-B stake in Phillips 66, pushes for midstream business sale
Elliott Investment Management said on Tuesday it has built a stake of more than $2.5 B in U.S. refiner Phillips 66 and plans to push for operational changes and the sale of the company's midstream business.
Lyondell completes shutdown of Houston refinery
Lyondell Basell Industries has completed the final shutdown of its 263,776-bpd Houston, Texas (U.S.) refinery.
- Dow Chemical, X-energy to advance nuclear project at Dow's Seadrift chemicals facility (U.S.) 3/31
- Varo buys Swedish refiner Preem in bet on biofuels 3/31
- Cenovus refinery in Ohio (U.S.), plans to shut multiple units for 6 weeks for maintenance 3/31
- INEOS Enterprises completes the sale of INEOS Composites to KPS Capital Partners for €1.7 B 3/31
- Willis Sustainable Fuels selects FT CANS to boost sustainable aviation fuel production in the UK 3/31
- Uganda signs deal with UAE investment firm over 60,000-bpd oil refinery 3/31
