Archives for July 2019
Ineos to expand Alvin, Texas petrochemical plant
The petrochemical giant owned by Britain’s richest man Jim Ratcliffe is expanding its Chocolate Bayou chemical plant in Texas to tap into a fast-growing ethylene oxide market. Ineos Oxide, a subsidiary of London-based Ineos, will...
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IEA head urges energy efficiency changes
Fatih Birol, executive director of the International Energy Agency, urged governments worldwide Tuesday to make policy changes to reduce their energy consumption in a bid to fight climate change. Source: FuelFix
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Plains proposes Canadian pipeline expansions to ultimately connect to Texas
Houston’s Plains All American is proposing pipeline expansions in Canada, Montana and Wyoming that would ultimately connect to new pipeline systems to deliver more Canadian crude to Houston and the Texas Gulf Coast. Source: FuelFix
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U.K. seizure of tanker ‘won’t go unanswered’: Iranian armed forces
Iran’s military vowed to retaliate against the seizure by British Royal Marines of an oil tanker loaded with the Islamic Republic’s crude off the coast of Gibraltar last week. Source: FuelFix
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Oil steadies before Fed testimony while Mideast risks linger
Oil steadied near $58 a barrel in New York as investors awaited guidance from the Federal Reserve on interest rates and as tensions in the Persian Gulf maintained the risk of supply disruption. Source: FuelFix
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