Generic Hero BannerGeneric Hero Banner
Latest market news

Petrobras elevará produção de diesel S10

  • Market: Crude oil, LPG, Oil products
  • 18/01/24

A Petrobras retomará as obras de expansão da Refinaria Abreu e Lima (Rnest), aumentando a produção de diesel S10 em 13.000 m³/d até 2028.

Na segunda metade de 2024, a estatal reiniciará a construção do Trem 2 na refinaria, visando elevar sua capacidade de processamento de petróleo de 230.000 b/d para 260.000 b/d, também em 2028. A melhoria aumentará a produção de derivados de petróleo da companhia – incluindo gasolina, GLP e nafta, mas principalmente diesel S10.

As obras para a implementação da unidade haviam sido interrompidas em 2015.

O investimento permitirá que o Brasil seja mais "autossuficiente na produção de combustíveis, reduzindo a demanda de importação", disse a empresa.

"A Petrobras estima um aumento de produção de diesel da ordem de 40pc nos próximos anos", afirmou o presidente da estatal, Jean Paul Prates.

Neste ano, a companhia também começará obras para proporcionar aumento de carga, melhor escoamento de produtos leves e maior capacidade de processamento de petróleo do pré-sal no Trem 1, unidade já existente da Rnest, até o primeiro trimestre de 2025.

Além disso, a empresa espera instalar a primeira planta do país a transformar óxido de enxofre e óxido de nitrogênio em um novo produto não especificado. O projeto já está em andamento e deve iniciar operações ainda em 2024.

A retomada da ampliação na Rnest é parte do plano estratégico da Petrobras para 2024-28 e do Novo Programa de Aceleração do Crescimento (PAC), do governo federal.

O presidente Luiz Inácio Lula da Silva e Prates estarão presentes na cerimônia oficial de retomada das obras na refinaria hoje. O valor do investimento não foi revelado.

A Rnest é localizada no Complexo Industrial do Porto de Suape, em Pernambuco, e é o "principal polo para a Petrobras nas regiões Norte e Nordeste, com acesso fácil por cabotagem para mercados consumidores", informou a empresa.


Sharelinkedin-sharetwitter-sharefacebook-shareemail-share

Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

News
24/03/25

Electricity drove surge in energy demand in 2024: IEA

Electricity drove surge in energy demand in 2024: IEA

London, 24 March (Argus) — Electricity demand drove a jump in overall global energy consumption growth in 2024, lifting it well above the average pace of increase in recent years, energy watchdog the IEA said today. Global energy demand rose by 2.2pc in 2024 — higher than the average annual demand increase of 1.3pc between 2013 and 2023 — according to the Paris-base agency's Global Energy Review . Global electricity consumption rose by 4.3pc, driven by record-high temperatures that led to increased cooling demand, growing industrial consumption, the electrification of transport and from data centres and artificial intelligence, the IEA said. Renewables and nuclear covered the majority of growth in electricity demand, at 80pc, while supply of gas-fired power generation "also increased steadily", it said. New renewable power capacity installations reached around 700GW in 2024 — a new high — while renewable power sources and nuclear together made up 40pc of total generation in 2024, it said. Global gas demand rose by 2.7pc in 2024, with an increase in "fast growing Asian markets", the IEA said. It noted growth of more than 7pc and 10pc in China and India, respectively. But "growth in global oil demand slowed markedly in 2024", the organisation said. Oil demand rose by 0.8pc — compared with 1.9pc in 2023 — and oil's share of total energy demand fell below 30pc last year "for the first time ever". A rise in electric vehicle (EV) purchases was a key contributor to the drop in oil demand for road transport, and this offset "a significant proportion" of the rise in oil consumption for aviation and petrochemicals, the IEA said. The rate of increase in coal demand slowed to 1.1pc in 2024, half the pace seen in 2023. "Intense heatwaves" in China and India "contributed more than 90pc of the total annual increase in coal consumption globally", for cooling needs, the IEA found. Renewables limit rise in emissions The IEA repeatedly noted the significant effect that extreme weather in 2024 had on energy systems and on demand patterns. Last year was the hottest ever recorded, beating the previous record set in 2023. "Weather effects contributed about 15pc of the overall increase in global energy demand", the IEA said. Global cooling degree days were 6pc higher in 2024 on the year, and 20pc higher than the 2000-20 average, it said. But the "continued rapid adoption of clean energy technologies" restricted the rise in energy-related CO2 emissions, which fell to 0.8pc in 2024 from 1.2pc in 2023, the IEA said. Energy-related CO2 emissions still hit a record high of 37.8bn t in 2024, but the rise in emissions was lower than global GDP growth, it said. "The majority of emissions growth in 2024 came from emerging and developing economies other than China," the IEA said. Emerging and developing economies accounted for more than 80pc of the increase in global energy demand last year, it said. By Georgia Gratton Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Find out more
News

US ethane output, demand at records in 2024: EIA


21/03/25
News
21/03/25

US ethane output, demand at records in 2024: EIA

Houston, 21 March (Argus) — US ethane production rose to a record last year on higher prices relative to natural gas, while exports and domestic consumption climbed to new highs on increased petrochemical demand, the US Energy Information Administration (EIA) said Thursday. US ethane output in 2024 rose by 6.8pc to an all-time high of 2.83mn b/d, up from 2.65mn b/d in 2023, according to EIA data. Most of the production increase came from the Permian basin, with Texas inland output increasing by 139,000 b/d to a record 1.58mn b/d and New Mexico refining districts rising by 9,000 b/d to 191,000 b/d, also a record. In the US east coast, the Appalachian No. 1 refining district, comprising much of the Marcellus shale formation in Pennsylvania and West Virginia, increased production by 37,000 b/d to a record 327,000 b/d, accounting for 12pc of total US production, up from 11pc in 2023. The production hike resulted from higher rates of ethane recovery from the natural gas stream, EIA said. Recovery was incentivized as ethane prices strengthened relative to natural gas. During 2024, Mont Belvieu, EPC ethane's premium to its fuel value — based on day-ahead natural gas at the Waha hub in west Texas — averaged 17.91¢/USG, up from 13.64¢/USG in 2023, even as outright ethane prices averaged 5.55¢/USG lower at 19.02¢/USG, according to Argus data. The increase in Permian ethane recovery resulted in large part from negative Waha gas prices for large swaths of the year. US consumption rises 8.4pc Product supplied of ethane, a measure of domestic consumption, rose last year by 8.4pc to a record 2.33mn b/d, up from 2.15mn b/d in 2023, according to EIA data. Consumption rose to records in the US east coast and Gulf coast regions, driven entirely by higher cracker operating rates, as no new ethane crackers came online during the year. Ethane consumption in the US Gulf coast rose by 109,000 b/d to 2.1mn b/d, while consumption in the US east coast nearly tripled to 103,000 b/d, up from 37,000 b/d in 2023. The east coast surge was driven by Shell's 1.6mn t/yr Monaca, Pennsylvania, ethane cracker ramping up production after coming online near the end of 2022 . Exports climb 4.5pc US ethane exports last year rose by 4.5pc to a record 492,000 b/d, up by 21,000 b/d from 2023, the EIA reported. China took the bulk of shipments and saw the largest increase in imports, spurred by increased petrochemical demand and ramped-up construction of import infrastructure. The US exported 227,000 b/d of ethane to China, up by 14,000 b/d from 2023. Ethane exports to Canada rose to 76,000 b/d, up by 11,000 b/d from 2023, while exports to India fell by 9,000 b/d to 65,000 b/d. Ethane shipments to Mexico averaged 21,000 b/d last year, up from 17,000 b/d in 2023. The Asia-Pacific region last year took nearly 60pc of US ethane exports, followed by the Americas at just over 20pc and Europe at just under 20pc. The Americas were broadly responsible for most of the growth in imports from the US year-on-year, with receipts up by 17,000 b/d and the proportion of the total rising for the first time since 2020. The proportion of exports going to the Asia-Pacific region fell for the first time since 2018, in part because attacks in the Red Sea slowed exports to India during the first half of 2024. Ethane exports from the US are poised to rise further in the next three years, as Enterprise Products' new Neches River terminal in Texas, which will be able to ship up to 360,000 b/d of ethane or propane, is scheduled for operations in starting in 2026. Energy Transfer's Marcus Hook, Pennsylvania, export terminal, which can ship 75,000 b/d of ethane, is adding refrigeration to boost its capacity to 90,000 b/d. By Joseph Barbour Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

News

Shell ends direct bitumen sales to some German buyers


21/03/25
News
21/03/25

Shell ends direct bitumen sales to some German buyers

London, 21 March (Argus) — Shell will stop directly supplying bitumen to some of its low-volume customers in Germany, with effect from 1 April. Shell told customers it has restructured its bitumen distribution channels and can no longer directly distribute to certain customers, according to an email from Shell's bitumen supply unit in Germany seen by Argus . It recommended they instead buy from German bitumen trading and supply firm Bitumina Handel. Neither Shell Germany nor Bitumina Handel have commented, but Argus understands the oil major, which is one of Europe's leading refinery bitumen producers, has concluded a deal with Bitumina to take over supply to its affected customers. The move is part of a wider switch by Shell to focus more on trading bitumen cargoes and less on directly supplying truck volumes to inland customers. The company ended a long-term throughput and supply arrangement into the French market through the Nantes and Bayonne terminals on the French Atlantic coast. Spain's Repsol and Moeve have taken over those operations . Shell last year ceased its South African bitumen retail and truck supply operations . Shell's European bitumen production is at its 187,000 b/d Godorf refinery in western Germany and at its 447,000 b/d Pernis refinery in Rotterdam. The firm recently stopped processing crude at the 147,000 b/d Wesseling section of its 334,000 b/d Rhineland refinery complex. The effect of that on bitumen production at Godorf, the other section of Rhineland, is unclear. By Fenella Rhodes Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

News

Opec+ overproducers outline new compensation plans


21/03/25
News
21/03/25

Opec+ overproducers outline new compensation plans

London, 21 March (Argus) — Seven Opec+ members have submitted plans to the Opec secretariat detailing how they intend to compensate for producing above their crude production targets since January 2024. The plans show that Iraq, Kazakhstan, Russia, the UAE, Kuwait, Oman and Saudi Arabia will reduce their combined output by an average of 263,000 b/d over the 15 months to June next year (see table) . This is to compensate for exceeding their production targets by a cumulative 4.203mn b/d between January 2024 and February 2025. This figure does not represent a monthly average, but rather the sum of the monthly volumes by which the group's overproducers have surpassed their respective output ceilings. It works out to an average monthly overproduction of 300,000 b/d in the same period. If implemented fully, these compensation related cuts would partly offset a plan by these seven members plus Algeria to return 2.2mn b/d of voluntary production cuts starting in April over 18 months. In fact, the scheduled output increases for April and May would be entirely wiped out. But there is no guarantee the compensation related cuts will be delivered. Some members, Iraq and Kazakhstan in particular, have largely failed to deliver on past commitments to reduce output to below their production targets. By Aydin Calik Opec+ overproduction compensation plan* Iraq Kuwait Saudi Arabia UAE Kazakhstan Oman Russia Total Mar-25 116 15 38 5 25 199 Apr-25 116 8 9 5 53 7 51 249 May-25 135 15 6 10 57 10 76 309 Jun-25 130 23 10 72 12 102 349 Jul-25 120 30 10 66 14 127 367 Aug-25 115 38 10 81 18 152 414 Sep-25 120 27 10 85 20 173 435 Oct-25 120 10 90 13 233 Nov-25 120 20 84 224 Dec-25 120 20 49 189 Jan-26 123 33 39 195 Feb-26 123 33 38 194 Mar-26 123 33 40 196 Apr-26 123 50 38 211 May-26 125 55 42 222 Jun-26 125 56 36 217 Average reduction 262.7 *the amount by which members pledge to produce below their existing targets each month Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

News

Airliner Virgin Australia to trial SAF blend


21/03/25
News
21/03/25

Airliner Virgin Australia to trial SAF blend

Sydney, 21 March (Argus) — Airliner Virgin Australia-operated flights from Australia'sWhitsunday Coast airport will use a sustainable aviation fuel (SAF) blend under a joint trial between the carrier and Australian refiner Viva Energy. Virgin's jet aircraft will use a 30-40pc SAF blend between March and July. The aircraft travel to domestic airports from Proserpine town, a key tourism hub near Queensland state's Whitsunday coast. Both firms did not disclose further details, such as the total volume of SAF, at the time of publication. "Partnership, focused policy development, and collaborations such as this with Viva will be essential if we are to adopt successfully SAF's broader use in Australia over the years and decades ahead," said Virgin's chief corporate affairs and sustainability officer Christian Bennett on 20 March. Privately-held Virgin last September trialled SAF in its fleet of Boeing 737 aircraft, buying 160,000 litres from Indonesian state-owned refiner Pertamina for flights leaving the Indonesian island of Bali. Unlike rival carrier Qantas, which has a target for 10pc SAF by 2030, Virgin has yet to specify a goal for its SAF use. But it has plans to re-enter the long-haul market from mid-year, using wet-leased aircraft from state-owned Qatar Airways, giving it access to airports with greater SAF supply. Viva, the operator of Australia's largest refinery the 120,000 b/d Geelong facility, last month received A$2.4mn ($1.5mn) in state funding to recondition a fuel tank servicing Brisbane airport, to allow for blended SAF supply to jet aircraft. Australia is yet to host any SAF refining capacity, but Canberra this month pledged A$250mn of its A$1.7bn Future Made in Australia innovation fund to low-carbon liquid fuels research and development, after its Labor government earlier promised A$33.5mn for a variety of projects to progress SAF development. Australia ships about 500,000 t/yr of tallow worth about $500mn, a key feedstock for production of HVO and SAF. But uncertainty about the future of tax credits for biofuels in the US under president Donald Trump has seen prices pull back from recent highs. By Tom Major Australian tallow price ($/t) Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more