Diesel

India's May fuel consumption soars on robust manufacturing

India's fuel consumption surged in May with diesel sales scaling a record high, buoyed by strong factory activity in the third-largest oil consumer in the world.

U.S. diesel demand is falling despite economic growth

U.S. diesel demand will drop through 2024 despite growing economic activity, extending a recent break from tradition where demand for the freight fuel grows with GDP, the Energy Information Administration forecast.

Rio Tinto's California mine shifts trucks to run on renewable diesel

Rio Tinto Plc said it has converted trucks and other heavy equipment at its California mine to run on renewable diesel, reducing carbon dioxide emissions by 45,000 tons per year, or roughly the equivalent of 9,600 cars.

Nigeria's main labor union to strike over tripling of fuel prices

Nigeria's main labor union said it plans to go on strike from Wednesday to protest against a tripling of fuel prices in the country after new president Bola Tinubu scrapped a costly subsidy.

Russia's seaborne diesel exports drop 21% in May

Russia's seaborne diesel and gasoil exports were 21% lower in May from a month earlier at about 3.1 million tons as seasonal refinery maintenance cut supply and domestic demand rose.

Mexico's gasoline independence dream sinks in dirty fuel oil glut

Mexico's president took office in late 2018 pledging to boost local output of gasoline while phasing out imports, but so far state refineries have instead set a different course: bumper production of highly contaminating fuel oil.

Biodiesel import flood could drown European market

A flood of potentially "dubious" biodiesel imports into Europe from China needs to be subject to closer EU vetting or it could trigger the collapse of the European Union's biofuels industry, top producer body EWABA said.

Nigeria's NNPC says it will end monopoly on petrol supplies

Nigeria's state owned oil company NNPC will soon end its monopoly on petrol supplies, its chief executive told local television, a day after it nearly tripled prices at its fuel stations countrywide.

Neste to use lower-emission marine fuel in two vessels transporting renewable diesel to Sweden

Nigerians rush to buy fuel to beat impending price hikes

Long fuel queues returned to Nigeria's cities as motorists rushed to fill their tanks while some retailers hiked prices amid uncertainty on the timing of the removal of a fuel subsidy that new President Bola Tinubu said would be scrapped.