Diesel
Fire at huge Russian diesel depot engulfing more storage tanks
A fire sparked by a Ukrainian drone attack on a huge diesel depot in Russia's southern Rostov region on Sunday has engulfed more fuel storage tanks.
China's biodiesel producers seek new outlets as hefty EU tariffs bite
Chinese biodiesel producers are seeking new outlets in Asia for their exports and exploring producing other biofuels as supply to the European Union, their biggest buyer, dries up ahead of anti-dumping tariffs.
U.S. biofuel output capacity rose last year on renewable diesel rush
Five new renewable diesel production plants opened last year, boosting U.S. output of the drop-in diesel substitute and other emerging biofuels by 44% to 282,000 bpd.
Diesel consumption falls in China due to reduced economic activity and fuel substitution
The U.S. EIA estimates that diesel consumption in China totaled 3.9 MMbpd in June 2024, a decline of 11% from the same month last year and the largest year-over-year decline in consumption for any month since July 2021.
Singapore's middle distillates stocks edge up for third week to > 12 MMbbl
Singapore's middle distillates stock levels edged up for a third straight week, hitting above the 12-MMbbl mark, as the decline in jet fuel/kerosene net exports offset gains in diesel/gasoil net exports.
Russia's fuel supplies to Asia around Africa hit record high in July
Russia's seaborne exports of oil products to Asia via the Cape of Good Hope almost doubled month-on-month in July to a record high of 1.1 metric MMt, as more vessels take the route around Africa to avoid the Suez Canal shortcut.
Key China energy indicators to track for the rest of 2024
Slower consumption in China spurred the Organization of the Petroleum Exporting Countries (OPEC) to cut estimates for global oil demand growth this week, highlighting the vital role that the world's second largest economy plays in energy markets.
Ship-to-ship loadings of Russian diesel pick up in northern Aegean
Traders are moving Russian diesel cargoes to a new ship-to-ship (STS) loadings site in the northern Aegean Sea, as Western sanctions hit vessels carrying fuel loaded in Russian ports.
Honeywell UOP and Repsol to collaborate on renewable fuel development
The companies plan to scale and commercialize Honeywell's technologies, which use various wastes like fats, oils, greases, biomass and solids for chemical production and renewable fuels at Repsol’s refineries.
Argentina's YPF profit up 41% in 2Q as demand grows at home, abroad
Argentina's state oil firm YPF has reported that its net profit climbed nearly 41% in 2Q, beating analyst expectations as domestic demand for diesel grew and oil exports rose.
- ARA gasoline exports to West Africa hit multi-year lows in September 10/3
- Singapore's middle distillates stocks snap three-week fall 10/3
- Update: U.S. crude oil inventories rise as refining activity dips 10/3
- Repsol supports ECI Group in licensing first 150,000-tpy copolymer plant using ECI Group’s hybrid reactor technology 10/3
- INNIO Group welcomes strategic partnership between Heaten and AI Alpine 10/3
- BCCK and Carbon Clean sign agreement to deliver carbon capture solutions across U.S. 10/3
