Americas

Oil slides on grim manufacturing data

Oil prices slid almost 2% as gloomy global manufacturing data grabbed attention ahead of an annual meeting of central bankers at Jackson Hole in the United States, with interest rates high on the agenda.

U.S. DOE funds Gulf Coast-focused direct air capture hub feasibility study

Brazil government pushes Congress to approve 'green' bills before COP28

Iranian oil cargo seized by US begins unloading after long delay

Brazil's Unigel restarts fertilizer plant to boost domestic supply

Unigel, the largest Brazilian manufacturer of nitrogen fertilizers, announced the resumption of activities at a unit called Unigel Agro Sergipe, which produces urea and ammonia.

Shell, Pemex face fines for Texas chemical plant fire in May

Shell Plc and Pemex each could face more than $1 MM in fines over a Deer Park, Texas, chemical plant fire in May under a lawsuit filed by the state's attorney general.

Lummus' Novolen technology celebrates 100 licensed production lines

Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the recent licensing of its 100th Novolen polypropylene production line.

Venezuela fails to curb oil leaks, gas flaring despite pledges

Venezuelan state oil company PDVSA has failed to make any dent in its oil spill or gas flaring woes, despite nascent promises of environmental clean-up by President Nicolas Maduro's government, according to people within the company.

Summer Midwest distillate inventories rise amid high production and transit constraints

Midwest distillate inventories increased rapidly in June and early July due to increased regional refinery production and limitations on moving distillate and other products outside the region.

U.S. gasoline prices at year high, tight supply weighs on motorists

U.S. motorists hoping to squeeze out one last trip before the Labor Day holiday and school begins are finding pump prices that have surged to their highest level this year on tighter gasoline supplies.