Canada
Canada's Imperial Oil posts rise in quarterly profit on stronger refining margins
Canadian oil producer Imperial Oil posted a rise in first-quarter profit on Friday, driven primarily by stronger margins in its refining and fuel sales business, sending its U.S.-listed shares up nearly 6% before the bell.
Dow Chemical delays construction on multi-billion-dollar Path2Zero project in Fort Saskatchewan, Alberta, Canada
After a reported Q1 loss, Dow Chemical plans to launch an action plan to further reduce spending and deliver $6 B in cash support. The plan includes delaying construction on the company's multi-billion-dollar Path2Zero project in Alberta, Canada.
EIA: Distillate and jet fuel contribute to record U.S. petroleum product exports in 2024
In 2024, U.S. exports of total petroleum products increased to a record 6.6 MMbpd annual average, according to the U.S. Energy Information Administration (EIA). Annual U.S. petroleum product exports increased by 495,000 bpd as U.S. exports of distillate fuel oil—typically sold as diesel—and jet fuel increased compared with 2023, while exports of total motor gasoline decreased.
Analysis: U.S. refiners unlikely to spend big to process more domestic oil
U.S. refiners are not planning to make big-ticket investments to process more domestic crude and less oil from top suppliers Canada and Mexico, industry sources and analysts said, an obstacle to President Trump's plan to boost oil output.
Suncor reports planned equipment shutdown at Montreal refinery
Suncor is conducting planned equipment shutdowns for maintenance works starting April 8, 2025. Maintenance works are scheduled to last approximately 5 weeks at the Montreal refinery.
Oil, gas and refined product imports exempted from Trump’s sweeping tariffs
The exemption will come as a relief to the U.S. oil industry, which had expressed concerns that new levies could disrupt flows and raise costs on everything from Canadian crude oil serving Midwest refineries to European cargoes of gasoline and diesel to the eastern seaboard.
Optimizing NGL treatment for sulfur and methanol reduction at Pembina NGL Corporation’s Redwater fractionation plant—Part 1
This article details a project that optimized sulfur treatment and methanol reduction at Pembina NGL's Redwater plant in Canada.
China's Rongsheng Petchem opens Canada office, buys crude from Suncor
China's Rongsheng Petrochemical, China's largest independent refiner with capacity of 40 MMtpy or 800,000 bpd, has opened an office in Canada to buy Canadian crude and made its first purchase from local producer Suncor Energy.
North American biofuels sector contracts amid trade and policy uncertainty
U.S. and Canadian biofuel companies are throttling back production to limit losses amid uncertainty over U.S. President Trump’s approach to green fuel subsidies and the potential for a worsening trade war.
Hy2gen submits project notice for renewable ammonia plant to receive “go ahead”
Hy2gen Canada Inc., the Canadian subsidiary of global renewable hydrogen producer Hy2gen, has submitted the project notice for the renewable ammonia production plant project COURANT to Quebec’s Minister of the Environment, Fighting Against Climate Change, Wildlife and Parks.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
