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Americas

Chinese independent refiner Hongrun buys Canadian, Brazilian crude

Chinese independent refiner Hongrun Petrochemical has bought crude from Canada and Brazil for its Changyi refinery that recently secured an import quota.

Pemex reports gas distribution problems around Mexico City amid tanker shortage

The company said that "immediate actions have been implemented to reinforce the supply," and that in the coming hours additional delivery units will be incorporated.

U.S. crude oil and distillate inventories rise, gasoline stockpiles fall

U.S. crude inventories unexpectedly rose as imports increased, while gasoline stockpiles fell last week, the Energy Information Administration said.

Thyssenkrupp Nucera abandons U.S. green hydrogen projects no longer deemed feasible

Thyssenkrupp Nucera is in intensive discussions with stakeholders in its U.S. projects and is abandoning those no longer deemed feasible due to tax and spending changes initiated by the U.S.

Citgo Petroleum returned to profit in the second quarter

Venezuela-owned U.S. refiner Citgo Petroleum registered net income of $100 million in the second quarter vs. a $25 million loss in the same quarter last year, finishing the period with liquidity of $2.6 billion.

Argentina raises biofuel prices for domestic market

The Argentine government raised biofuel prices for the domestic market, according to two resolutions published in the official gazette.

Argentina's YPF to invest $400 MM in SAF venture

The new venture, to be called Santa Fe Bio, will be run in tandem with Essential Energy and operate out of YPF's San Lorenzo refinery.

Brazil's Grupo Potencial to invest $392 MM in corn ethanol plant as part of biofuels complex

Brazil's Grupo Potencial will invest 2 B reais ($392.9 MM) to build a corn ethanol plant in Lapa, Parana state, as part of a plan to develop the world's largest biofuels complex.

Mexico exports 39% less crude oil in June, refining and fuel production increase significantly

In May, Pemex's international trading arm, PMI, forecast that the company would export less this year because more would be sent to local refineries, including to its new Olmeca refinery in the port of Dos Bocas.

Update: Cancelled and postponed green hydrogen projects

Developers of green hydrogen have scaled back investments and scrapped projects globally as elevated production costs and weak demand for the low-carbon fuel have made many ventures unviable. 

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