Americas
U.S. crude oil output fell in April as demand slowed
U.S. field production of crude oil fell in April to 12.615 million bpd, its lowest since February, the U.S. Energy Information Administration said.
Is oil market’s glass half full or half empty?
Global petroleum prices appear reasonable given the level of inventories – to the frustration of the producers who would like them to be significantly higher.
Oil heads for fourth straight quarterly decline
Oil prices rose above $75 a barrel but were on course for a fourth consecutive quarter of losses amid concerns over sluggish global economic activity and fuel demand.
Fashion industry driving demand for green shipping, Maersk says
Fashion brands are a key driver of demand for green shipping fuels, according to shipping group Maersk, as the sector faces pressure from consumers and regulators to reduce their climate footprint.
Oil steadies after spiking on U.S. inventory fall
Oil prices steadied, a day after rising sharply on a bigger-than-expected fall in U.S. inventories, as attention shifted back to rising interest rates denting global economic growth.
Biden administration to spend $450 MM on higher-blend biofuels
The U.S. Department of Agriculture will spend $450 MM to expand the production and availability of transportation fuels that are blended with higher volumes of biofuels, the agency said.
Mexican airlines look to future SAF use
LATAM Airlines is considering issuing a so-called "green bond" as part of its sustainability strategy leading to SAF use.
Mexico's Pemex motor fuel production dipped last month
Motor fuel production from Mexico's state-owned oil company Pemex dipped last month, company data showed, falling short of ambitious government refining targets meant to wean the country off its long-standing dependence on foreign supplies.
Biden-Harris admin funds homegrown biofuels in California, investing in America agenda
U.S. Department of Agriculture Rural Development California State Director Maria Gallegos Herrera announced that USDA plans to invest up to $500 MM from President Biden’s Inflation Reduction Act to increase the availability of domestic biofuels and give Americans additional cleaner fuel options at the pump.
Axens builds on ExxonMobil MTBE Decomposition Technology for high purity isobutylene production
ExxonMobil Catalysts and Licensing LLC and Axens have signed an exclusive licensing alliance agreement allowing Axens to include ExxonMobil’s MTBE Decomposition Technology for high purity isobutylene in its portfolio.
- Utility Global signs first commercial project agreement in South Korea for H2Gen Project in Daejeon 6/10
- ENGIE and European Energy start cooperation on large-scale renewable hydrogen development in Denmark 6/10
- Yokogawa enhances OpreX collaborative information server 6/10
- WinGD powers delivery of world’s first ocean-going ammonia-fueled vessel 6/10
- Higher blending targets drive RIN prices close to record highs 6/10
- Hyundai wins contract to build gas processing plant at Kazakhstan's Karachaganak field 6/10
