Economics
Westlake receives regulatory approval to acquire Axiall
Westlake have received all regulatory approvals required for the acquisition of Axiall Corp., including clearance from both the US and Canadian competition authorities.
Mexico announces launch of cap-and-trade pilot program
Mexico will launch a year-long simulation of a cap-and-trade program in November as a test run for a national carbon market expected to launch in 2018.
Icahn urges EPA to change renewable fuel credit market
Billionaire investor Carl Icahn has called on the top US environmental regulator to make changes to a market for renewable fuel credits or else risk "the mother of all short squeezes" that could bankrupt refiners.
Brazil seizes $655 M in assets from Odebrecht, OAS, executives
Brazil's federal auditing court, ordered the seizure of about $655 M worth of assets from engineering firms Odebrecht SA and OAS SA and some of their executives, to recoup losses from contracts related to the country's biggest ever corruption scandal.
US crude stocks fall unexpectedly in week: EIA
US crude stocks fell unexpectedly last week, while gasoline stocks decreased more than expected and distillate inventories rose, according to data from the Energy Information Administration.
South African fuel strike ends as union signs new pay offer
South Africa's petroleum sector employers and striking workers signed a new two-year wage deal on Wednesday, ending a three-week strike that caused limited supply disruptions.
Gunvor secures financing for Rotterdam refinery upgrade
Gunvor secured $200 M in financing for the development and infrastructural upgrade of its refinery in Rotterdam.
EIA: US crude oil exports are increasing and reaching more destinations
The number of countries receiving exported US crude oil has risen since the removal of restrictions on exporting US crude oil in December 2015.
Gas suppliers Praxair, Linde hold merger talks
US industrial gas supplier Praxair Inc. and German peer Linde AG are in early-stage talks about a merger to create a market leader with a value of more than $60 B.
PDVSA sees future in consolidation with China
People’s Minister of Petroleum and President of Petroleos de Venezuela SA, Eulogio Del Pino, highlighted the importance of China-Venezuela bilateral relations to guarantee growth.
- Shell, CNOOC take FID on 1.6-MMtpy petrochemical complex expansion in China 1/15
- Russian oil products trapped at sea by U.S. sanctions 1/15
- California (U.S.) withdraws clean truck EPA waiver request ahead of Trump inauguration 1/15
- Amazon orders 200 new electric heavy trucks from Daimler for Germany, UK 1/15
- Colonial Pipeline shuts main gasoline artery after potential gasoline spill 1/15
- U.S. issues partial guidance on clean fuel subsidies, chafing ethanol makers 1/15
