Economics
For desperate Puerto Ricans, fuel a precious commodity
SAN JUAN, PUERTO RICO/NEW YORK (Reuters) — Puerto Rico resident Marangelly Garcia waited eight hours for diesel to fuel her family’s generator on Monday, but the supply ran out before she got to the front of the line.
Argentina to suspend price controls on domestic fuel next month
BUENOS AIRES (Reuters) — The government of Argentina is planning to suspend a price-setting system for domestic fuel sales next month thanks to the recent rise in global oil prices, the country’s energy and mining minister said Monday.
French unions block fuel depots in protest against labor reforms
PARIS (Reuters) — French trade unionists blocked access on Monday to several fuel depots in protest against an overhaul of employment laws, seeking to test the government's will to reform the economy.
Venezuelans face growing queues to buy gasoline
PUERTO ORDAZ, Venezuela (Reuters) — Venezuelan drivers are facing growing queues to buy gasoline despite having the world's largest oil reserves, adding to the OPEC country's woes as its refineries sputter and its socialist economic system crumbles.
Energy contract lawsuits expected to jump in Harvey's wake
HOUSTON (Reuters) — Lawyers expect a spate of force majeure contract lawsuits after Hurricane Harvey tore through Southeast Texas and parts of Louisiana last month, paralyzing a fifth of US fuel output and pushing some oil production offline.
New Zealand's fuel shortage hits more flights and petrol stations
WELLINGTON (Reuters) — New Zealand's jet fuel shortage on Tuesday forced 39 flights to be cancelled, 13 of them international, with concerns the fuel crisis may spread after fuel stations in the country's largest city Auckland halted high-octane gasoline sales.
Mexican agency finds irregularities in Pemex, Odebrecht contract
MEXICO CITY (Reuters) — Mexico's top anti-corruption agency said on Monday it had identified $6.7 MM in "new irregularities" from a contract between state oil company Pemex and Odebrecht, the Brazilian engineering firm that has admitted paying bribes in a dozen countries in recent years.
White Owl acquires Clairmont terminal in Canada
CALGARY — White Owl Energy Services Ltd. announced the acquisition of the Pembina Pipeline connected Clairmont terminal in the Grande Prairie area of Alberta.
Industry Metrics
US margins recorded solid gains as crack spreads for all products increased due to healthy domestic demand.
Business Trends: The state of the global refining sector
Over the past few years, the world has witnessed significant downstream capacity growth in all sectors of the hydrocarbon processing industry (HPI).
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- U.S.: Trump grants 90-day Jones Act waiver extension to curb energy costs 4/24
