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China's first 2024 refined fuel export quotas flat vs. year ago

China has issued its first refined fuel export quotas for 2024 totaling 19 MMt, a volume unchanged from last year's and largely in line with market expectations.

Asian refiners face diesel supply glut in 2024

Diesel supply in Asia is set to jump in 2024 fueled by new refineries in the Middle East and robust exports from China, and is likely to outpace the region's world-leading demand growth.

Singapore's middle distillates stocks little changed despite dip in net exports

Singapore's middle distillates stockpiles were little changed week-on-week, even as net exports of both gasoil/diesel and jet fuel/kerosene dipped for the first time in three weeks and two weeks, respectively.

More ships carrying oil avoid Red Sea route

At least two ships transporting oil or oil products between the U.S. Gulf Coast and India last week were re-routing from the Red Sea, as a U.S.-led coalition geared up to help safeguard vessels from attacks by Yemen's Houthi militants.

Eni's Plenitude unit valued at 10 B euros in deal with EIP

Eni has agreed to sell a 9% stake in its low-carbon and retail unit Plenitude to Energy Infrastructure Partners (EIP) through a deal that values the unit at 10 B euros ($11 B) including debt.

Venezuela's PDVSA to settle debt to Curacao's refinery with fuel supply

Venezuela's state-run Petróleos de Venezuela, S.A. will supply fuel to Curacao's refinery to settle debts left by the oil company after ceasing operations at the Caribbean island's facility in 2019.

China's Nov diesel exports down 44.9% on last year despite weak domestic demand

China's diesel exports in November were down 44.9% on last year at 1.16 MMt, as domestic demand remains above pandemic levels but faces continued headwinds from the country's property slowdown.

Neste's Finnish crude oil refinery will gradually become a hub for renewable and circular solutions

Neste has completed the strategic study launched in September 2022, and begins a gradual transformation of its crude oil refinery in Porvoo, Finland into a leading renewable and circular solutions refining hub.

Bain-backed biofuels refiner ties up with China firm to source feedstock

Bain Capital-backed biofuels refiner EcoCeres has tied up with a waste management firm backed by the Chinese city of Shenzhen to source feedstock as it expands production of low-carbon fuels to meet fast-growing demand.

Slovakia wins EU OK on Russian oil-based products sales to Czech Republic

The European Union has granted Slovakia a one-year extension on exporting fuels produced from Russian oil to the Czech Republic.