Economics
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.
Borealis considers new propane dehydrogenation plant in Belgium
Borealis will study the feasibility of a new propane dehydrogenation plant to be located at the existing Borealis production site in Kallo, Belgium.
Curacao inks deal with China firm to run Isla refinery
The government of Curacao has signed a preliminary agreement with China's Guangdong Zhenrong Energy to operate the aging Isla refinery and invest some $10 B to upgrade the facility.
Hedge funds pile into gasoline amid pipeline, refinery woes
Money managers have amassed their largest bullish position in US gasoline in more than three months as pipeline and refinery outages send futures and pump prices of the motor fuel soaring.
Chinese gasoil exports may hit Asia refiner margins for rest of year
Asian gasoil distillates refining margins are likely to remain bearish for the next few months on larger than usual exports from China.
EIA: Regional refining capacity makes US major importer and exporter of gasoline
The US simultaneously imports and exports gasoline, because of regional differences in gasoline supply and demand balances.
Russia's Lukoil plays down plans to sell refineries in Europe
Russia's second-biggest oil producer, Lukoil, played down the possibility of selling its oil refineries in Europe as margins improved.
India's Iran oil imports surge to highest in at least 15 years
India's daily oil imports from Iran in August surged to their highest in at least 15 years as the OPEC producer boosted its shipments to recoup market share ceded to rivals Saudi Arabia and Iraq under pressure from economic sanctions.
Bill Gates, Total lead $14 MM investment in Renmatix for biorefinery technology
Bill Gates and Total have decided to invest $14 MM in Renmatix, a producer of cellulosic sugar technology used to create biofuels.
Irving Oil finalizes purchase of Whitegate refinery from Phillips 66
Irving Oil has finalized its purchase and sale agreement with Houston-based energy, manufacturing and logistics company Phillips 66 to acquire the Whitegate refinery located near Cork, Ireland.
- Ebara Elliott Energy awarded landmark order from Kawasaki Heavy Industries to advance global liquefied hydrogen supply chain 4/24
- Digital Exclusive: Early collaboration with vendors: Mitigating design risk and ensuring successful project execution 4/24
- Pacífico Mexinol celebrates groundbreaking of $3.3-B clean fuels complex 4/24
- Brazil to start tests for diesel blend containing 20% biofuel in May 4/24
- ATOME announces FID for $665-MM green hydrogen project in Paraguay 4/24
- U.S.: Trump grants 90-day Jones Act waiver extension to curb energy costs 4/24
