Inpasa, a corn ethanol producer, opens a new plant in Brazil
Inpasa, a corn ethanol producer in Brazil's Bahia State, announced?that it had started operating at its new facility. It aims to produce 470 million liters of biofuel per year. In an interview, Gustavo Mariano said that the plant was now operational and the company would have a supply within a few days. In recent years, corn ethanol production has increased dramatically in Brazil.
Oil and gas exploration is back. Energy giants are hunting to replenish reserves
Executives at the CERAWeek Conference in Houston, Texas, this week declared that global energy companies have returned to the basics, focusing their efforts on finding?new oil and gas sources. This marks the end of years of underinvestment. The'shale revolution' in the U.S. in recent years promised a flexible, abundant supply. However…
Sources say that India is looking for raw materials to make steel from Argentina, Indonesia and Oman
Two sources with direct knowledge said that India would hold talks next month with Argentina, Indonesia, and 'Oman to increase supplies of steelmaking raw materials like coking coal and ore and access technology. The talks ?are ?expected to begin next month at a global steel summit, described by the Indian government as the country's largest international conference-cum-exhibition…
Groupo Potencial increases investment in Brazil's biofuels citing the war with Iran
A senior executive at Brazil's Grupo potencial said that the company plans to increase its investments in biofuels to 6 billion reais ($1.15billion) by 2030, due to a rise in oil prices as a result of a war with Iran. Potencial plans to build the largest biofuels facility in the world. The investments will be used to increase capacity at the corn ethanol plant and to boost the soy crushing to feed the biodiesel.
Head of Brazil's Petrobras will visit Mexico to discuss partnership between Pemex and Petrobras
According to Mexican President Claudia Sheinbaum, the head of Brazil's?oil firm Petrobras will?visit Mexico next April to discuss an upcoming partnership with Mexico’s state-run oil company Pemex. Sheinbaum said during her morning press conference that she had not decided yet on the recent offer from Brazilian President Luiz inacio Lula to form alliances between the two state run oil companies.
Equinor begins drilling in Brazil's Raia and plans to explore the Santos Basin by 2027
Equinor's top executive in Brazil said that the Norwegian company has begun drilling for the offshore Raia natural-gas project in Brazil. It is also planning new 'exploratory activities in Brazil. Equinor Brazil Country Manager Veronica Coelho said that the project in Campos Basin is expected to begin production by 2028. It will?ultimately supply around 15% of Brazil's gas domestic demand.
Indian sugar mills hurry to export deals due to record low rupee and rising global prices
Five dealers said that Indian sugar mills are now exporting again, with 100,000 metric tons in one week, after the rupee fell to a new record low, and the global price rally restored the economics for overseas sales. Shipping from the world's second largest sugar producer will allow Asian and African consumers to get sugar at lower rates…
Russell: The war in Iran has a greater impact on refined fuels than crude oil and importers must act.
Media attention is focused on the loss of up to 20% of crude oil and refined fuels due to the continued closure of the Strait of Hormuz. The rapid tightening in the markets for refined products in Asia is a greater concern. Major importing countries like Australia and Indonesia could be facing an "emergency" situation with lower supplies and much higher prices.
Globally, governments are taking measures to mitigate the impact of Iran's war on energy prices for consumers
Fuel subsidies, price caps and emergency commodity releases are just some of the measures that governments from Asia to Europe have taken to protect consumers from rising fuel and food prices - a result of the U.S. and Israeli war against Iran. The conflict in the Middle East has caused a halt to a fifth of world oil and gas supplies.
Enverus reports that global dealmaking for oil and gas upstream in 2025 was muted.
Enverus, a firm that provides analytics, said Wednesday that the upstream oil and natural gas market in the world will remain?subdued' for the second consecutive year, with only $18 billion in deals. The firm stated in a recent report that fewer 'high-quality resources' and lower oil prices have limited the value of mergers and acquisitions well below the historical norm of $60 billion.
Brazil's Raizen reaches deal for out-of-court debt restructuring, O Globo reports
Local newspaper O Globo on Tuesday reported that Brazilian sugar and ethanol producer Raizen had reached an agreement?with bondholders and creditors?for a?debt restructuring?out of court. O Globo reported that the agreement would be announced on Tuesday evening, but did not cite a source. Raizen's debt is financed by creditors and bondholders, who represent about 40% of the total.
In Brazil, biodiesel is cheaper than imported diesel amid debate about higher blend
A survey revealed on Monday that the 'cost of imported diesel has exceeded the price of biodiesel in Brazil. This is a 'rare situation, which provides more 'arguments to farm lobbyists who support a proposal for a mandatory increase in the mix of biofuels in fossil fuel. The U.S. and Israeli attacks on Iran are causing a spike in diesel prices, which is the biggest threat to Brazil's agricultural sector.
Brazil's Ultrapar taps BTG for possible Ipiranga stake sale, Chevron interest reported
Two people familiar with this process said that Brazilian?conglomerate Ultrapar?has?tapped??investment banking BTG Pactual to handle the sale of a potential stake in fuel distributor Ipiranga. The?Brazil Journal had reported earlier in the day that oil company Chevron and Ultrapar were in advanced negotiating?talks for a 30% stake of Ipiranga.
Brazil's sugar mills will reduce production and switch to ethanol due to the energy price spike
Analysts said that the sharp rise in energy prices due to the ongoing 'war' in the Middle East will cause Brazilian sugarcane processors?to produce more ethanol than sugar during the new upcoming?season. The ICE exchange's raw sugar futures jumped over 3% Monday, following gains in oil futures, as the market expects a lower sugar volume from Brazil's middle-south region…
US-Israeli War on Iran Causes Major Oil, Gas Disruptions
Kuwait announced?cuts at the weekend due to the U.S. and Israel war against Iran. Analysts predict the United Arab Emirates (UAE) and Saudi Arabia, which are running out of oil storage, will have to reduce their output as well. Here are the main energy disruptions that have occurred so far. Three industry sources reported on March 8 that…
US-Israeli War on Iran Causes Major Oil, Gas Disruptions
The U.S. and Israeli war against Iran has caused oil and gas exports to be disrupted from the Middle East. Production was stopped from Qatar all the way up to Iraq. Kuwait announced cuts this weekend. Analysts predict the United Arab Emirates (UAE) and Saudi Arabia, too, will have to reduce their output as soon as possible when they run out of oil storage.
Brazil's Petrobras reports a near $3 billion net income and plans a $1.5 billion dividend
In separate filings, the Brazilian state-run oil company?Petrobras announced a fourth-quarter net profit of?15.6?billion dollars ($2.96 billion). It plans to distribute interest on equity in the amount of 8.1 billion dollars. The quarter-end net profit reversed the 17 billion real net loss of a year ago due to non-recurring expenses. Exports records boosted the results for October-December.
The new advisory board of Inpasa, an ethanol firm, will focus on growth and development according to a member
Inpasa, a corn ethanol producer, has a new advisory board that will help the company pursue growth strategies. This could include international expansion. The first member of this board, Jose Olympio Pereira, said on Wednesday. Inpasa, which has plants both in Paraguay & Brazil, has been expanding rapidly. Pereira, the former CEO of Banco J.
Datagro: Global sugar deficit will increase between the current and next season
Datagro, a consultancy, said on Wednesday that the global sugar'market' is projected to have a deficit in 2026/27 of 2,68 million metric tons, compared to an 800,000 ton shortfall in 2025/26. The projected deficit is based on a stable sugar production compared to the previous season, in Brazil's central-south region. Brazil is the world's biggest producer.
US-Israeli War on Iran Causes Major Oil, Gas Disruptions
The U.S. and Israel war against?Iran disrupted oil exports to the Middle East, forcing production stops from Qatar to Iraq. Here are the major energy disruptions that have occurred so far. Iraq's OPEC's second largest producer, Iraq, slashes production: Iraq?has reduced almost 1.5 million barrels a day?due...to storage limitations and the lack.of an export route. Officials told.