Crude oil prices remain under pressure as a strong U.S. dollar, bearish fundamentals and ongoing uncertainty over the Greek debt crisis dominate the oil market and weigh heavily on market sentiment.
U.S. ethanol production came off an all-time high for the week ended June 26 as inventories saw another drawdown amid gasoline consumption picking up during the summer driving season, according to the U.S. Energy Information Administration.
The International Maritime Organization (IMO) has elected Ki-tack Lim from the Republic of Korea as its next secretary-general for an initial four-year term.
A Braskem SA shareholder sued the petrochemical company for securities fraud in a case tied to Petroleo Brasileiro SA (Petrobras), as litigation in the U.S. over the Brazilian energy company’s bribery scandal expands to customers.
Researchers at the Energy Biosciences Institute have developed a novel method for producing drop-in aviation biofuel, as well as automotive lubricant base oils, from sugarcane biomass.
The U.S. Environmental Protection Agency (EPA) recently strengthened the federal underground storage tank (UST) requirements to improve prevention and detection of petroleum releases from USTs, which are one of the leading sources of groundwater contamination, according to the agency.
Russian-based SIBUR recently announced that it has started the preparatory stage of an investment project to ramp up the production of methyl tertiary butyl ether (MTBE) at its production site in Togliatti.