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OPEC head accuses IEA of vilifying fossil fuel industry

OPEC Secretary General Haitham Al Ghais accused the International Energy Agency of vilifying the oil and gas industry, in the latest clash between the groups over climate policy.

China oil demand growth poised to slow to around 4% in H1 2024

China's oil demand growth likely to ease in H1 2024 to around 4% with resurgent consumption from the aviation and petrochemical sectors offset by weaker diesel usage.

Singapore's middle distillates dip slightly amid surging exports

Singapore's middle distillates inventories fell marginally week-on-week as net exports of both gasoil and jet fuel/kerosene grew.

Scotland's Grangemouth refinery faces closure

PetroIneos is preparing to shut down its Grangemouth oil refinery in Scotland to convert it into a fuels import terminal as it faces growing international competition.

US court rejects EPA's decision to withhold small refinery biofuel waivers

A U.S. appeals court on Wednesday struck down the Biden administration's decision to deny small refiners "hardship waivers" that exempt them from nation's biofuel mandates, in a win for the refining industry.

Russia to lift remaining restrictions on diesel fuel exports soon

Russia will soon lift remaining restrictions on diesel fuel exports, Deputy Prime Minister Alexander Novak said on Wednesday speaking in the upper house of the parliament.

Neste to distribute renewable diesel in France

Neste is partnering with two new distributors in France to make Neste MY Renewable Diesel™ available for the first time in the market, starting in January 2024. 

China plans pilot projects to boost use of biodiesel

China will launch a series of pilot projects to spur domestic production and consumption of biodiesel, according to the National Energy Administration.

Neste partners with Hightowers Petroleum to offer renewable diesel in U.S.

Neste and Hightowers Petroleum have formed a strategic partnership to offer Neste MY Renewable Diesel to customers in the Midwest U.S.

China October gasoline exports fall 20% on year, diesel shipments up

China's gasoline exports fell 20% in October from a year earlier, as domestic road travel surged during the Golden Week holiday. Jet fuel demand increased, as well.