Diesel
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.
Singapore's middle distillates stocks rise to 3-yr high
Singapore's middle distillates stocks climbed for a second week to hit a 3-yr high of nearly 12 MMbbls, as a drop in diesel/gasoil net exports countered gains in jet fuel/kerosene net exports.
Indonesia begins testing to prepare B50 palm oil biodiesel mandate
Indonesia is carrying out tests ahead of plans by the incoming government to increase the palm oil-based biodiesel blending mandate to 50%, from 35% now, raising industry concerns over supplies for exports.
ExxonMobil's Joliet, Illinois (U.S.), refinery restarts units, ramps up production
Exxon Mobil restarted select units at its 251,800-bpd in Joliet, Illinois, three weeks after it lost power following a storm.
- Neste, Braskem partner on supply of renewable and recycled feedstocks for polymers and chemicals production 10/23
- India's diesel consumption to rise 3%–4% in current fiscal year 10/23
- U.S. crude, gasoline inventories rise, distillates draw down 10/23
- Russia's Surgutneftegaz awards annual tender for diesel, fuel oil exports 10/23
- California expects the EPA to approve 2035 zero-emissions vehicle plan 10/23
- Russia ships rare naphtha and fuel oil cargoes to Indonesia 10/23
