Gasoline

Mexico president says new Pemex refinery will reach full capacity in 2023

Mexican President Andres Manuel Lopez Obrador said Wednesday that a new refinery owned by state-run Petroleos Mexicanos (Pemex) will reach full operating capacity by next year, despite industry experts saying it will take until at least 2024.

Aramco Trading plans to absorb Motiva Trading ahead of possible IPO

The move to combine the businesses is expected to give potential investors a better sense of the scale of Aramco's trading and would also allow the state oil producer to simplify financial reporting and cut duplication.

Biden blasts oil refiners for record high gasoline prices, profits

U.S. President Joe Biden demanded oil refining companies explain why they are not putting more gasoline on the market, sharply escalating his rhetoric against industry as he faces pressure over rising prices.

Dow publishes second annual integrated ESG Report

Dow Inc. released its second annual comprehensive Environmental, Social, and Governance (ESG) report, further demonstrating its commitment to transparency in data disclosure.

Braskem Idesa and Advario announce partnership to construct the Puerto Mexico Chemical Terminal in Veracruz

Braskem Idesa announced the signing of an investment agreement with Advario for a joint 50% stake in the construction and operation of an ethane import terminal in Mexico, called Puerto Mexico Chemical Terminal.

Buyer interest in Exxon's Montana refinery rises with fuel margins

Record-high refining margins have renewed buyer interest in ExxonMobil Corp’s smallest oil refinery, a 61,500 bpd plant in Billings, Montana.

Clariant produces first commercial sunliquid cellulosic ethanol at new plant in Podari, Romania

Clariant announced that it has produced the first commercial cellulosic ethanol at its sunliquid production plant in Podari, Romania.

Repsol will invest over €35 MM to build an XLPE plant to manufacture HV and EHV cables

Repsol will build a new plant in Tarragona, with an investment of over €35 M for the manufacture of Cross-linkable Polyethylene (XLPE), a polymer used in cable insulation, located between the conductor and the outer protective layers.

Oil prices slide on Beijing COVID warning, inflation concerns

Oil prices slipped more than $2 on Monday as a flare-up in COVID-19 cases in Beijing quelled hopes for a rapid pick-up in China's fuel demand, while worries about global inflation and economic growth further depressed the market.

Biden looking to address oil refinery capacity, White House adviser says

U.S. President Joe Biden is looking at ways to bring in more oil supplies amid rising energy costs, including working to address oil refinery capacity.