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Diesel is subsidizing other fuels in Asia, but beware China

The profit for turning a barrel of crude oil into refined fuels in Asia has slipped to the lowest in three months, even though the margin on diesel remains elevated.

Russian seaborne diesel exports fell by 20% in early October

Russia's seaborne diesel and gasoil exports fell by 20% to about 1.1 million metric tons in the first 15 days of October from the same period in September due to ongoing seasonal maintenance of refineries and a fuel export ban.

Automakers blast U.S. plan to hike fuel efficiency rules

A group representing General Motors, Toyota Motor, Volkswagen and nearly all other major automakers sharply criticized the Biden administration proposal to drastically hike fuel efficiency requirements.

Nigeria buying fuel with cash, rather than crude, in post-reform shift

Nigerian state oil company NNPC has begun buying gasoline via cash tenders, rather than oil swaps, for the first time in nearly a decade.

Russia fuel exports jump in Sept despite OPEC deal, sanctions

Russian crude oil and product exports rose in September by as much as 460,000 bpd, the International Energy Agency estimated, despite Western sanctions and Moscow’s pledge to cut output in tandem with OPEC

Japan set to extend fuel, power subsidies to March 2026

Japan's government is set to decide to extend gasoline, natural gas and power subsidies to the end of March that were set to expire at the end of 2023.

Russia will never be seen as reliable energy supplier, U.S. energy official says

U.S. Assistant Secretary for Energy Resources Geoffrey Pyatt said Russia would never again be viewed as a reliable energy supplier, a day after Washington imposed fresh sanctions on Moscow because of its war in Ukraine.

Sinopec seeks rare quota swap to export more diesel, gasoline and jet fuel

China's Sinopec Corp has applied to the government to swap some of its marine fuel export quotas for allowances to export light products such as diesel, jet fuel or gasoline.

Russia's September seaborne oil product exports down vs August

Russia's seaborne oil product exports fell 2.5% in September from August to 9.456 Mmt due to seasonal maintenance of refineries and a fuel export ban late in the month.

Global diesel prices soften as inventories edge upward

Global distillate fuel oil inventories remain much lower than normal for the time of year but there are signs they are no longer falling which has eased some of the upward pressure on prices.