Brazilian state oil Petrobras, specialized in deep-water, crude oil extraction, and which refines most of the fuel consumed by some 214 million Brazilians, confirmed on Aug. 22 a due...
Officials at Brazil-based Braskem, Latin America´s biggest petrochemical company with polyethylene production capacity in Brazil and Mexico, said that the global market for this petrochemical plastic resin that is the most traded petrochemical commodity will...
U.S. fuel refining operations posted third quarter 2022 earnings that showed higher refining margins compared with a year earlier amid tighter supply after the shutting down or re-conversion to biodiesel of many oil refineries that had been operating in 2019.
Michigan-based Dow reported on Oct. 21 a drop in sales revenue in plastics that are key for its packaging segment and this because of a polyethylene price contraction in the summer of 2022 that has led the company to apply some brakes on production.
The luxury cruise industry wants to cut its carbon footprint by making more energy efficient ships, tapping new fuels, and improving its handling of hydrocarbons so as not to repeat the 2017 pollution conviction that put the spotlight on the industry´s...
While fertilizer inventories saw some increases and demand showed some softening in mid-2022, reduced nitrogen availability combined with weather events will not only keep supply tight but test food security and may create instability.
The Braskem-Idesa ethane cracker and polyethylene plant in the Mexican state of Veracruz saw lower production and sales in the second quarter 2022 due to energy problems as well as lower-than-expected ethane shipments from Pemex.
Bolivian and Mexican entrepreneurs plan to produce in Mexico for the Mexican market the Quantum model, a small EV vehicle designed in Bolivia with a 31-mile driving range between charges already sold in Latin America and starting to circulate the region´s...
Members of the American Fuel and Petrochemical Manufacturers (AFPM) as well as the American Petroleum Institute (API) met with U.S. government officials in Washington to discuss fuel markets after gasoline prices spiked in early June to levels higher than...
U.S. gasoline prices surged in early June 2022 from a week earlier by over a quarter of a dollar during a spring holiday known as Memorial Weekend that took the average fuel pump reading nationwide to about $4.85 per gallon, with drivers in several states...
