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Indonesia 2024 unblended palm oil biodiesel consumption seen at 12.5 MMt

Indonesia is targeting 12.5 MMt consumption of unblended biodiesel made from palm oil this year.

Nigeria's Dangote refinery starts production after years of delays

Nigeria's Dangote oil refinery has begun producing diesel and aviation fuel after years of construction delays at the 650,000 bpd plant.

Russia boosts fuel exports to Central Asia, Afghanistan and Mongolia in 2023

Central Asian countries, Afghanistan and Mongolia raised their imports of Russian fuel by around 28% in 2023 to almost 6 MMt, partially offseting a decline in Russian supplies to Europe.

European diesel refining margins rise after Yemen air strikes

Benchmark northwest European diesel refining margins rose to above $30 a barrel as intensifying conflict in the Red Sea increased concerns about potential supply disruptions.

Singapore's middle distillates stocks at 5-mth low on higher jet fuel/kerosene exports

Singapore's middle distillates stockpiles hit a five-month low as higher jet fuel/kerosene exports outweighed declines in gasoil/diesel exports.

India's fuel demand hits seven-month high in December

India's fuel consumption rose to a seven-month high in December to about 20.054 MMt, data from the Petroleum Planning and Analysis Cell of the oil ministry showed.

U.S. fuel inventories surge as refiners boost runs, post holiday lull

U.S. gasoline and distillate inventories posted large builds last week as demand slipped, while crude stocks fell more than expected.

Singapore fuel oil inventories hit about five-month highs

Onshore inventories of residual fuel rose to nearly five-month highs at key trade hub Singapore this week.

Saudi Arabian companies warn Aramco fuel price hike may curb earnings

Scores of Saudi Arabian companies said their earnings could be dampened this year as production costs will increase after state energy group Saudi Aramco notified them it would sharply raise feedstock and fuel prices.

Europe-bound diesel, jet fuel cargoes divert from Red Sea

At least four tankers transporting diesel and jet fuel from the Middle East and India to Europe are taking the longer route around Africa to avoid the Red Sea, ship tracking data show.