Diesel
EIA: Oil prices and refinery margins fell slightly in first quarter of 2025
During the first quarter (1Q) of 2025, crude oil prices generally decreased while U.S. refinery margins initially increased before decreasing in the final month of the quarter. In its quarterly update, the U.S. Energy Information Administration (EIA) reviews petroleum markets price developments in 1Q, covering crude oil prices, refinery margins, biofuel compliance credit prices and natural gas plant liquids prices.
EIA: U.S. crude, gasoline stockpiles fall; distillates build last week
U.S. crude oil and gasoline stocks fell, while distillate inventories rose last week, the U.S. Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 2.7 MMbbl to 440.4 MMbbl in the week ended April 25, the EIA said, compared with analysts' expectations for a 429,000-bbl rise.
Grangemouth refinery (Scotland) ceases crude oil processing, transitions into import terminal
Scotland's only oil refinery ceased crude oil processing as of Tuesday, operator Petroineos said in a statement, as the site transitions to an import terminal.
EIA: U.S. imports of major transportation fuels decreased in 2024
U.S. imports of petroleum products decreased by 210,000 bpd in 2024 to average 1.8 MMbpd. Imports of all major transportation fuels, such as motor gasoline, diesel and jet fuel, as well as other products, such as unfinished oils, decreased.
Afreximbank rolls out $3-B credit line to cut Africa's fuel imports
African Export-Import Bank has rolled out a $3-B revolving credit line that will enable African and Caribbean buyers to source petrol, diesel, jet fuel and other products from refineries on the continent more easily.
Sri Lanka to begin talks with India, UAE for new energy hub
Sri Lanka will start work next month on plans to develop an energy hub with India and the United Arab Emirates, as the nation looks to leverage its strategic location to cement a recovery from a financial crisis.
S-Oil posts refining, petrochemical losses; expects US tariffs to affect margins in Q2
South Korea's S-Oil, majority owned by Saudi Aramco, posted losses in the first quarter from its refining and petrochemical units and expects second-quarter margins to be impacted by U.S. tariff negotiations and market volatility.
India's Delhi plans to curb gasoline car sales, ban gas-guzzling bikes to shed polluter tag
India's capital New Delhi plans to limit gasoline and diesel-powered cars a family can buy as well as ban sales of fuel-guzzling motorbikes and scooters, according to a draft policy aimed at cleaning up one of the world's most polluted cities.
Eckero Line to use Neste renewable diesel for commercial maritime transport
Neste and Finnish company Eckerö Line, which operates ferry services between Helsinki and Tallinn, are continuing their collaboration to reduce maritime emissions. Eckerö Line provides freight and passenger services on the Baltic Sea and is the first company in Finland to adopt Neste MY Renewable Diesel™ for commercial maritime transport.
Indian Oil plans to operate Gujarat refinery at higher capacity from mid-2026
Indian Oil Corp. plans to operate its Gujarat refinery in western India at an expanded capacity of 360,000 bpd by mid-2026, executive director Biplob Biswas said.
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- Phillips 66 announces agreement to divest majority interest in Germany and Austria retail marketing business 5/15
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- Asia's refined fuel imports drop, but margins still hold 5/15
- SP Chemicals plans to raise ethane use at eastern China petchem plant 5/15
