Diesel
Nigeria's NNPC finalizing $6 B worth of oil-for-product swaps
LONDON (Reuters) -- Nigeria's state oil company is in the final stage of signing $6 B worth of deals to exchange more than 300,000 bpd of crude oil for imported gasoline and diesel, sources with direct knowledge of the process told Reuters.
Unipec, Vitol set to supply Bangladesh with fuel in H2 2017
DHAKA/SINGAPORE (Reuters) -- Bangladesh Petroleum Corp has received offers from 11 companies for fuel supplies in the second half of the year, with Unipec and Vitol looking set to win the tender with the lowest offers on middle distillates and fuel oil, a BPC official said.
US motorists on roads for Memorial Day weekend to be highest since 2005
NEW YORK (Reuters) -- The number of Americans traveling by car for the Memorial Day holiday will hit a 12-year high this year, fueled by a growing economy and relatively low gasoline prices, the nation's largest motorists' advocacy group said on Wednesday.
Fire triggered by suspected fuel thieves kills four in Mexico
MEXICO CITY, (Reuters) -- A fire sparked by suspected fuel thieves killed four people and forced Mexico's state oil company Pemex to temporarily halt pumping operations along a pipeline in the country's violent eastern state of Veracruz, the company said on Saturday.
US judge approves Volkswagen 3.0 liter, Bosch diesel settlements
(Reuters) -- A federal judge on Thursday granted final approval on an agreement for Volkswagen AG to pay at least $1.22 B to fix or buy back 80,000 3.0-liter vehicles in the United States linked to the German automaker's diesel emissions cheating scandal.
EIA: Fuel economy improvements projected to reduce future gasoline use
Gasoline demand is a function of the fuel economy of the vehicle fleet and the total number of miles driven. Over time, fuel economy of the vehicle stock (those in use) changes as a result of market developments and changes in fuel economy standards for new vehicles. Additional complexities arise from changing vehicle designs and how vehicles are classified.
UN reports sharp drop in Cuban exports of refined oil products
HAVANA/HOUSTON (Reuters) -- Cuban exports of refined oil products fell about 97% between 2013 and 2016, according to a United Nations trade report released this week, reflecting falling supplies from its political ally Venezuela.
MAN Diesel expands Mitsui cooperation
MAN Diesel & Turbo has entered a comprehensive cooperation agreement with Mitsui Engineering & Shipbuilding Co., Ltd. that will intensify their existing, joint business activities. The agreement was signed by Takao Tanaka, President & CEO of Mitsui Engineering & Shipbuilding and Dr. Uwe Lauber, CEO of MAN Diesel & Turbo.
Puma Energy opens Myanmar’s largest petroleum products terminal
YANGON, Myanmar -- Puma Energy Asia Sun, a JV between Puma Energy, the global mid and downstream energy company, and Asia Sun Energy (ASE), a local company experienced in logistics and trading in Myanmar, celebrated the opening of its petroleum products terminal at Thilawa port, southeast of Yangon.
Calif. Assemblyman Travis Allen files ballot initiative to repeal $52 B gas tax
SACRAMENTO, Calif. -- Travis Allen (R-Huntington Beach) filed an initiative to repeal the recently signed $52 B gas tax and move it to a vote of the California people in 2018.
- Brazil's Petrobras to invest $4.8 B in integration between Reduc refinery and Boaventura complex 7/8
- Braskem completes first sale of circular polyethylene in South America 7/8
- bp's 440,000-bpd refinery in Whiting, Indiana (U.S.), reported flaring due to operational conditions 7/8
- UK's insolvent Lindsey oil refinery secures some crude supply to keep running for now 7/8
- Brazil's energy minister hints at possible fuel price cuts 7/8
- Marathon Galveston Bay refinery (U.S.) hydrotreater to remain shut until September 7/8
