Bloomberg The Latin American refinery bust has proved to be a boon for US fuel makers. From Brazil’s Petroleo Brasileiro SA to Mexico’s Petroleos Mexicanos, state oil companies have failed to complete nine projects worth at least $36.4 billion that would have supplied 1.2 million barrels of gasoline and diesel daily. U.S. refiners have stepped up to help fill ...

  Bloomberg The US oil producers added rigs for the seventh week in a row, the longest period of expansion since the final days of the drilling boom in early 2014. Rigs targeting crude in the US rose by 15 to 396, after seven were added last week, Baker Hughes Inc. said on its website Friday. Explorers have now added ...

  Bloomberg First, Brazil cancelled plans for one of its two planned energy auctions this year because the weak economy is dragging down demand for power. Now that event is back on the schedule and the government may organize a third, because the same economic factors are delaying power projects already under development. The size of the auctions hasn’t been ...