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Diesel

U.S. petroleum product exports set another record high in 2023

Petroleum product exports from the U.S. averaged a record 6.1 MM bpdy in 2023, an 2.5% increase from 2022, according to EIA's Petroleum Supply Monthly.

Greece arrests member of gang that raked in $21 B from fuel-product smuggling

Greek authorities have arrested a senior member of an international gang that smuggled Latin American fuel products for illegal sale around the world, raking in an estimated profit of more than $21 B.

Russia's Novak says there's no need for diesel export ban

There is no need for Russia to ban exports of diesel to tackle rising prices and possible shortages of the fuel after drone attacks reduced refining capacity.

Vietnam's largest refinery to boost operating capacity by 15%-20%

Vietnam's largest refinery Nghi Son said it will boost its operating capacity by 15% to 20% in order to ensure stable supplies.

Russian domestic fuel supply up in March

The Russian energy ministry said that domestic gasoline and diesel daily supplies have increased by 13,000 metric tons and 15,500 tons respectively in March so far from February.

PetroChina's 2023 net income up 8.3% on strong fuel, gas sales

PetroChina's net profit rose 8.3% last year off record levels in 2022, as strong growth in natural gas sales and its marketing segment offset lower realized oil prices.

U.S. eases tailpipe rules, slows EV transition through 2030

The Biden administration slashed its target for U.S. electric vehicle adoption from 67% by 2032 to as little as 35% after industry and autoworker backlash in the political battleground state of Michigan.

Singapore's middle distillates stocks dip slightly as net exports surge

Singapore's middle distillates inventories slipped by 4% from last week as net exports of diesel/gasoil and jet fuel/kerosene surged.

U.S. crude and gasoline stockpiles fall as refining ramps up

U.S. crude oil stockpiles fell unexpectedly last week as exports rose and refiners continued to increase activity, while gasoline inventories decreased more than expected.

Colombia cops seize 7.3-MM gallons of crude in raids on illegal refineries

Colombian police have seized more than seven million gallons of crude oil in raids on illegal refineries, in an operation targeting production of bootleg fuel in Norte de Santander province.