Economics
Brazil's Braskem enters talks with US authorities in graft case
Brazil's Braskem has entered into talks with the US Department of Justice and the Securities and Exchange Commission regarding an internal graft probe started in 2015.
Pertamina to form refinery JVs with Rosneft, Aramco
Indonesian state energy company Pertamina expects to sign a JV agreement with Russian oil major Rosneft for the Tuban oil refinery development project.
Petronas weighs sale to exit $27 billion Canada LNG project
Malaysian state oil firm Petronas is considering selling its majority stake in a $27 B Canadian LNG plant.
EIA: US exports distillate from Gulf Coast, imports on East Coast
Patterns of US distillate trade can be explained by regional supply and demand imbalances within the East Coast and Gulf Coast regions.
Refinery maintenance eases diesel glut as Europe empties tanks
Traders are rapidly emptying diesel tanks in Europe's storage hub as refinery maintenance lowers global production, offering a brief respite for the heavily oversupplied market.
EIA: Propane exports drove 2016 US petroleum product export growth
In the first half of 2016, the US exported 4.7 MMbpd of petroleum products, almost 10 times the crude oil export volume, an increase of 500 Mbpd over the first half of 2015.
Moody’s predicts sustained negativity for refining industry
Moody's outlook for the refining and marketing industry in North America and Europe, the Middle East and Africa remains negative.
Aruba parliament approves reactivation of Citgo refinery
Aruba's parliament approved a law that permits the reactivation of the Caribbean island's 235 Mbpd refinery, operated by Citgo Petroleum.
Hellenic Petroleum plans bond issue to refinance debt
Greece's biggest oil refiner Hellenic Petroleum is looking to issue new debt in October to refinance a $561.70 MM bond due May, 2017.
Federal Reserve proposes new limits on Wall Street energy bets
The Federal Reserve outlined a plan to limit Wall Street bets on the energy sector by forcing companies like Goldman Sachs and Morgan Stanley to hold more capital against such investments.
- Brazil's Petrobras to invest $4.8 B in integration between Reduc refinery and Boaventura complex 7/8
- Braskem completes first sale of circular polyethylene in South America 7/8
- bp's 440,000-bpd refinery in Whiting, Indiana (U.S.), reported flaring due to operational conditions 7/8
- UK's insolvent Lindsey oil refinery secures some crude supply to keep running for now 7/8
- Brazil's energy minister hints at possible fuel price cuts 7/8
- Marathon Galveston Bay refinery (U.S.) hydrotreater to remain shut until September 7/8
