Diesel
End of Nigerian fuel subsidy set to squeeze Europe's refiners
One of Europe's main markets for gasoline has shrunk, threatening to squeeze European refiners, after Nigeria removed fuel subsidies, which destroyed much of the country's domestic demand and a regional market for smuggled fuel.
Venezuela cuts back diesel prices to factories after complaints
Venezuela's government reduced an increase it had imposed at the beginning of the month on diesel prices to factories, after complaints from producers about the potential impact of the measure.
Nigeria unions to strike unless fuel price hike is reversed
Nigerian labor unions plan to strike to demand a reversal in petrol price hikes and lower public school fees, the Nigerian Labour Congress said.
Repsol to invest more than $130 MM to retrofit plant to produce biofuels
Spanish oil company Repsol will invest more than $132.95 MM to retrofit a decades-old diesel plant to produce second-generation biofuels.
U.S. crude, fuel stockpiles fell last week
Crude inventories fell by 600,000 barrels in the last week to 456.8 million barrels, compared with analysts' expectations for a 2.3 million-barrel drop.
Neste welcomes a new distributor to sell Neste MY Renewable Diesel in the Danish market
Neste is partnering with Biofuel Express to sell Neste MY Renewable Diesel in Denmark. Biofuel Express will distribute and sell Neste MY Renewable Diesel, while Neste will ensure sufficient volumes of the fuel.
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.
- Emerson’s ‘Project Beyond’ to modernize and seamlessly integrate the industrial automation technology stack 5/20
- ADNOC and EGA sign $500-MM deal to localize supply of key raw material in aluminum production 5/20
- hte and Heraeus Precious Metals collaborate on catalytic ammonia cracking 5/20
- HPCL aims to start crude unit at 9-MMtpy Rajasthan refinery (India) in October 5/20
- Russia in favor of extending partial gasoline export ban 5/20
- Nigeria's fuel traders struggling to secure gasoline from refurbished state refineries 5/20
