Central America
Update: U.S. refiner Valero's Mexico fuel import license reinstated
Valero Energy Corp's license to import fuel into Mexico was reinstated following a suspension in early April, Chief Operating Officer Gary Simmons told analysts on the U.S. refiner's first-quarter earnings conference call.
Mexico exports first ULSD cargo from Olmeca refinery amid infrastructure woes
Mexico exported the first cargo of ultra-low sulfur diesel (ULSD) reprocessed in its new Olmeca refinery in early April, as infrastructure to transport the much-needed motor fuel across the country is not ready.
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.
U.S. fuel exports to Mexico by land halted by higher scrutiny
The Mexican government has halted U.S. fuel imports sent into the country by road, as it cracks down on illegal deals.
Valero Mexico suspended from the country's import registry for motor fuels
Valero Mexico said that it was notified by the country's tax authority that it had been "momentarily" suspended from the registry of importers for motor fuels but that it was cooperating with an investigation.
Mexico's Pemex prioritizes refining as it diverts heavy oil away from Gulf
Mexico's state oil company Pemex expects to continue diverting barrels of heavy crude away from U.S. Gulf Coast refiners as its new Olmeca refinery ramps up processing.
Key U.S. energy data trends to track as tariffs kick in
Energy product traders, utilities, investors and business executives are among those scrambling to assess the likely impact of new steep tariffs on the United States' largest trade partners, which kicked in on Tuesday.
Nextchem to provide technology for Pacifico Mexinol's ultra-low carbon methanol plant (Mexico)
When it initiates operation in 2028, Pacifico Mexinol's facility is expected to be the largest single ultra-low carbon methanol facility in the world, producing approximately 350,000 tpy of green methanol and 1.8 MMtpy of blue methanol from natural gas with carbon capture.
U.S. refiners mull switch to alternative lighter crudes amid Trump tariff fears
Top U.S. refiners are poised to seek alternative sources for heavy, sour crudes, including running more domestic grades, as they await clarity around U.S. President Donald Trump's threatened tariffs on imports from the nation's top crude suppliers Canada and Mexico.
Baseblue launches new bunker fuel supply service in Trinidad
Baseblue has launched a new bunker fuel supply service at Point Lisas Port, Trinidad. The service will provide vessels with reliable and efficient fuel options, eliminating logistical challenges and enhancing operational efficiency.
- Borouge set to boost production capacity to over 6.6 MMtpy 4/28
- Sri Lanka to begin talks with India, UAE for new energy hub 4/28
- S-Oil posts refining, petrochemical losses; expects US tariffs to affect margins in Q2 4/28
- Kuwait Petroleum's stake investment in China Wanhua Chemical's unit valued at $638 MM 4/28
- Chemical maker LyondellBasell misses quarterly profit estimates on weak volumes 4/28
- Trump administration (U.S.) to allow temporary sales of summertime higher-ethanol fuel 4/28
