Page 9 - Repi Refining News Today

U.S. oil refiners aim to run at up to 94% of a total 17.9 million barrels per day processing capacity this quarter, according to company forecasts and analysts, driven in part by expectations of seasonal travel demand.

Vietnam approved on Monday a long-awaited plan to boost renewables by the end of the decade, with total investment estimated at $134.7 billion, but coal is set to remain a crucial source of energy until 2030 before being gradually phased out.

Shares of Avenue Supermarts Ltd , which operates the DMart retail chain, fell 4.7% on Monday after the company's fourth-quarter profit missed estimates and core profit margin contracted as consumers curbed discretionary spending.

Brazilian state-run oil giant Petrobras is moving closer to making changes to its fuel pricing policy and executives are set meet this week to analyze a new model.

Proxy advisory firm Institutional Shareholder Services (ISS) on Friday backed only one of Carl Icahn's three nominees to Illumina Inc's board, saying that the activist investor's push to remove the company's CEO was too disruptive.

Argentina's state-run oil company YPF will likely import more crude over the coming months, as it carries out maintenance programs for new pipelines that are intended to help turn the South American nation into a net exporter.

Savannah Energy has signed an agreement with the government of Niger on potential development of two photovoltaic solar power plants with combined generation capacity of up to 200 megawatts, the company said on Thursday.

Oil prices fell about 2% to a one-week low on Thursday as a political standoff over the U.S. debt ceiling stoked recession jitters in the world's biggest oil consumer, while rising U.S. jobless claims and weak Chinese economic data weighed.

Guyana's environmental regulator on Tuesday appealed a court decision that last week declared that the agency and Exxon Mobil unit breached oil-spill insurance obligations for the company's first offshore project in the country.

Activist investor Carl Icahn's empire said on Wednesday it is fielding inquiries about its operations from U.S. prosecutors, a week after a short-seller accused it of over-valuing its assets, sending its shares down 18%.