MARKET WATCH: NYMEX, Brent oil prices drop about $2/bbl on gasoline build

The light, sweet crude oil prices for May delivery fell nearly $2/bbl on the New York market Apr. 19 while Brent crude oil for June delivery also fell nearly $2/bbl on the London market after an unexpected build in US gasoline inventories. Source: News


Chevron inks deal to shed Canadian downstream assets

Chevron Canada Ltd. (CCL) has agreed to sell its Canadian refining, retail, commercial, and wholesale fuel businesses to Calgary-based Parkland Fuel Corp., Canada’s largest independent marketer of fuel and petroleum products. Source: News


EPA reconsiders methane emissions rule, stays compliance date

The US Environmental Protection Agency will reconsider its rule covering methane emissions from new, reconstructed, and modified oil and gas sources, and stay the regulation’s June 3 compliance date for 90 days while it takes comments, it announced on Apr. 19. Source: News


Firms select site for proposed USGC petrochemical project

Saudi Arabian Basic Industries Corp. (SABIC) ExxonMobil Chemical Co. have selected a site in San Patricio County, Tex., as the possible location for a jointly owned petrochemical complex the companies hope to build at the US Gulf Coast Source: News