Environment & Safety Gas Processing/LNG Maintenance & Reliability Petrochemicals Process Control Process Optimization Project Management Refining

Diesel

UK minister: petrol car ban immovable but some green policies to be relaxed

Britain is sticking to its plan to ban the sale of new petrol and diesel cars from 2030 but some measures to reduce the carbon footprint of residential homes will be relaxed, senior government minister Michael Gove said.

U.S. distillate stocks fail to make summer recovery amid refinery outages

U.S. diesel, heating oil and jet fuel stockpiles have failed to recover from the 10-year lows hit last year when high prices caused the Biden administration to consider a ban on fuel exports, leaving the markets vulnerable to supply shocks when demand picks up toward the end of the summer.

U.S. fuel maker profits to fall from last year's records

U.S. refining profits are expected to fall from last year's records but remain strong as domestic refining outages and increased foreign competition pose challenges.

Canada releases framework to phase out inefficient fossil fuel subsidies

Canada released a framework for eliminating inefficient fossil fuel subsidies, making it the first G20 country to deliver on a 2009 commitment to rationalize and phase out government support for the sector.

G20 bloc fails to reach agreement on cutting fossil fuels

The Group of 20 (G20) major economies meeting in India failed to reach consensus on phasing down fossil fuels following objections by some producer nations.

Russia is not ruling out quotas on fuel exports, deputy PM says

Russia is not ruling out introducing quotas on the export of oil products to stabilize gasoline prices, Russian Deputy Prime Minister Alexander Novak said, according to state media, as gasoline wholesale prices hit an all-time high.

Vietnam approves $11.4-B plan to expand fuel storage capacity by 2030

Vietnam has approved a plan to expand its national fuel storage capacity by 2030, with investment of up to $11.4 B.

Brazil's Petrobras touts refining plan as Russian diesel imports jump

Brazilian state-run oil firm Petrobras will double down on its strategy to maximize motor fuel from its local refineries even as it boosts imports of cheap Russian diesel.

Saudi Arabia and Turkey sign petroleum and petchem cooperation MoU

Saudi Arabia and Turkey have signed a memorandum of understanding to cooperate in the production, marketing and distribution of refined petroleum products and in petrochemicals production.

Russian sea-borne diesel exports show monthly growth of 11%

Russia's sea-borne diesel and gasoil exports rose by 11% to about 1.9 million tons in the first 17 days of July from the same period in June, as production grew after seasonal refinery maintenance, data from traders and Refinitiv Eikon showed.