Late August downstream news update: USA and South America
The latest downstream news from the USA and South America.
Stay up to date with the latest industry news and updates.
According to the API, total US petroleum deliveries (a measure of demand) increased by 1.7% from July 2012 to average 18.9 million bpd last month. This was the highest July level in three years.
Petrobras’ ability to carry out its future investment plan has sent the company’s credit default swaps to their widest levels in four years, according to Fitch Solutions.
According to the EIA’s ‘This Week In Petroleum’ report, gasoline prices have decreased, while propane inventories were higher on 21st August 2013.
The EIA's ‘This Week In Petroleum’ report suggests that Brent prices will decline through the end of 2013 despite current supply disruptions.
Glass manufacturing is an energy intensive industry that is mainly fuelled by natural gas
Transportation executives comment on adapting to the new normal of high energy prices
Analysis shows the Coalition will have to stump up extra cash, or break its pledge to lower emissions by 5% by 2020.
As troubles escalate in Egypt, several oil and gas companies have made decisions to stay in active business or shutdown until the crisis is resolved.
A new report from the American Petroleum Institute has shown that energy development helps promote diversity amongst local economies.
