U.S.
Exxon shut Joliet, Illinois, refinery after power outage
Exxon Mobil shut down its 251,800-bpd refinery at Joliet, Illinois, due to a power outage after a storm.
Tribunal rejects TC Energy's $15-B claim for Keystone XL
Canada's TC Energy said on Tuesday a free trade arbitration tribunal had tossed out its claim to recover more than $15 B from the U.S. government for the cancellation of its Keystone XL project.
U.S. imports of Canadian crude hits record high following TMX startup
U.S. imports of crude oil from Canada rose last week to their highest on record, data from the Energy Information Administration (EIA) showed on Wednesday, buoyed by the startup of the newly expanded Trans Mountain (TMX) pipeline.
Mexico–U.S. energy trade value fell in 2023 on lower fuel prices
The value of all energy trade between the U.S. and Mexico decreased almost 15% from $77.8 B in 2022 to $66.5 B in 2023, adjusted for inflation.
Iowa biodiesel industry commends Rep. Hinson on letter to EPA
The Iowa Biodiesel Board has applauded Iowa U.S. Representative Ashley Hinson (R-02) for leading a bipartisan letter to the Environmental Protection Agency (EPA) encouraging more usage of biofuels in the U.S. The EPA is currently considering volume obligations for the 2026 Renewable Fuel Standard.
bp Energy Outlook: Two main scenarios see 2025 oil peak, rapid renewables growth
bp expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 the company published on Wednesday.
Gulf Energy Information appoints Catherine Watkins as Chief Commercial Officer to drive market expansion
Gulf Energy Information (Gulf), a premier B2B media company in the global energy sector, proudly announces the transition of Catherine Watkins from Chief Financial Officer (CFO) to Chief Commercial Officer (CCO), effective immediately. This strategic transition aligns with Gulf’s commitment to expanding market share and driving sales growth across key markets.
U.S. seeks up to 4.5 MMbbl for strategic petroleum reserve
The U.S. Department of Energy (DOE) said on Wednesday it is offering to buy up to 4.5 MMbbl of oil to help replenish the Strategic Petroleum Reserve (SPR), though oil prices are now higher than the target price it wants to make such purchases.
U.S. West Coast refinery margins slump despite reduced capacity
U.S. refiners are making less money turning crude oil into fuels on the West Coast as the region's gasoline inventories grow and the use of biofuels increases.
OPEC sticks to 2024 oil demand view, sees strong travel season
OPEC is sticking to its forecast for relatively strong growth in global oil demand in 2024 and next year, saying on Wednesday that resilient economic growth and air travel would support fuel use in the summer months.
- Axens tapped for 3 new Vegan® licenses for SAF and renewable diesel production 1/8
- Neste, KPI OceanConnect and Global Energy collaborate for first delivery of Neste MY Renewable Diesel to Singapore marine sector 1/8
- Neste, Bayer collaborate to develop novel vegetable oils for possible renewable fuels production 1/8
- EIA: U.S. crude stocks fall, fuel inventories rise 1/8
- Sinopec's Zhenhai refinery says fire at crude unit has been put out 1/8
- U.S. Gulf Coast fuel oil imports hit record low as Latin America deliveries slow 1/8
