Pemex, Apex Clean Energy: Your Daily Energy News

---

Energy Market highlights gathered by Industrial Info and IIR Energy

REFINING
Mexico's Pemex to Boost Crude Oil Processing to 1.2 Million BBL/d - Mexican state-run oil company Petroleos Mexicanos (Mexico City), also known as Pemex, expects to increase its crude oil processing to 1.2 million barrels per day (BBL/d) this year, Energy Minister Rocio Nahle said Thursday. The rise from 922,000 BBL/d currently processed would come from Mexico's six active refineries along with Pemex's refinery in Deer Park, Texas, Nahle said. (Reuters)

CRUDE OIL
U.S. Says Russia Not Benefitting from $60+ Oil to India - Russia is not reaping the benefits of higher costs of some recent cargoes of crude oil bought by refiners in India priced above the $60-per-barrel price cap set by countries in the West and Australia, a U.S. official said on Thursday. The U.S. official said some Indian refiners have recently paid above the price cap for Russian oil because freight and insurance costs have risen as the oil moves further distances to markets in Asia, rather than Europe, which banned most sea-borne Russian cargoes. "It's true that the all-in cost to the buyer has crept up the past couple of weeks, as those transportation costs have got higher," the official said on condition of anonymity. "But the market is clearing well below the price cap for the oil." (Reuters)

POWER
Apex Clean Energy Signs Offtake Agreement for Windfarm - Apex Clean Energy (Charlottesville, Virginia) announced a renewable energy offtake agreement with agricultural company Cargill (Wayzata, Minnesota) for 50 megawatts (MW) from the Goose Creek Windfarm, a 300-MW project to be built in Piatt County, Illinois. Subscribers to Industrial Info's Global Market Intelligence Power Project Database can click here for the project report. (BusinessWire)

.....

About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).