Americas
U.S. awards contracts for 1 MMbbls of gasoline sale to five firms
The U.S. Department of Energy said that five companies including British oil giant bp and Swiss commodity trader Vitol have been awarded contracts for the sale of 1 MMbbls of gasoline from the U.S.-managed stockpile in northeastern states.
Icahn-owned oil refiner CVR bidding in Citgo share auction
Oil refiner CVR Energy, controlled by billionaire investor Carl Icahn, has submitted a binding offer in an ongoing auction of shares in the parent of Venezuela-owned Citgo Petroleum.
Oryx Group signs lease to operate Curacao's oil terminal
A unit of Hong Kong-headquartered energy firm Oryx Group has reached an agreement with Curacao's refinery to lease and operate storage facilities on the Caribbean island for 30 yr.
Alberta says 2023/24 budget surplus smaller than forecast, cites refinery losses
Canada's main oil-producing province of Alberta on Thursday said the 2023/24 budget surplus would be smaller than initially estimated, partly due to losses incurred by the Sturgeon refinery, which is joint-owned by the province.
Panama Canal traffic to increase as drought conditions ease
The Panama Canal Authority (APC) has announced that it will increase the number of daily booking slots for vessels transiting the Panama Canal to 35 in August, easing rules that restricted shipping traffic through the narrow waterway since last year.
U.S. crude imports touch 2-yr high despite lukewarm demand
U.S. crude oil imports last month rose to a nearly 2-yr high as refiners scooped up heavy crudes from Canada and Latin America to process into fuels for summer driving season.
Private group announces Brazil's two longest “green fuel” pipelines
Brazil's privately owned Grupo Potencial will invest 200 MM reais ($37 MM) to build two "green fuel" pipelines in the south of the farm powerhouse. The biofuel pipelines, which will be built starting next year if all permits are granted, will stretch 55 km (34.2 mi) each and will be the longest of the kind in the country.
Venezuela resorts to dark fleet to supply oil to ally Cuba
Venezuela's state oil company PDVSA has begun using tankers that navigate off radar to supply its closest political ally, Cuba, as a fleet of state-owned vessels that have historically covered the route dwindles.
New Energy Blue and ARCO/Murray partner to build biomass refineries to produce sustainable fuels and chemicals
New Energy Blue, the clean-energy developer whose technology converts agricultural waste into lowest-carbon biofuels and biochemicals, and ARCO/Murray announced a partnership to build out the New Energy Biomass Refinery designed platform across the American Midwest.
Mexico's new Pemex refinery still needs important work, is far from ready
Mexican state energy company Pemex is unlikely to produce any commercially viable motor fuels at its new Olmeca refinery before the end of the year, five sources said, despite pressure that it should be ready before the outgoing president's term ends.
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