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Diesel

Brazil to keep mandatory biodiesel blend at 14%

Brazil's national energy council has decided to keep the local mandatory biodiesel blend into diesel at 14% from March instead of raising it to 15% as previously expected.

Chevron to lay off up to 20% of global workforce

Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said, as it seeks to cut costs, simplify its business and complete a major acquisition.

Pacific Future Energy officially cancels refinery project in British Columbia, Canada

Pacific Future Energy has officially cancelled its proposal to build a 200,000-bpd refinery on the West Coast of Canada aimed at exporting refined petroleum products to Asia.

U.S. crude stockpiles build on ongoing refinery maintenance

U.S. crude oil inventories rose last week as refinery maintenance continued, while gasoline stockpiles posted a surprise draw.

India gasoline demand to grow 6%–8% next fiscal year

Indian transportation fuel demand is expected to rise in the range of 6%–8% in fiscal year 2026, underpinned by rising vehicle sales, even as growth in Asian consumption lags growth in supply due to new refinery expansions in the region, industry executives and analysts said.

India's January fuel demand drops to 3-month low

India's January fuel consumption hit its lowest monthly level since October, but was up 3.2% year-on-year at 20.49 MM tonnes, oil ministry data showed on Friday.

BP Europa SE announces intended sale of Ruhr Oel GmbH-BP Gelsenkirchen refinery in Germany

BP Europa SE today announced its intention to market its Ruhr Oel GmbH – BP Gelsenkirchen operation in Germany for potential sale. Its assets include the bp refinery in Gelsenkirchen and DHC Solvent Chemie GmbH in Mülheim an der Ruhr.  

EIA: U.S. crude inventories surge amid refinery maintenance season

U.S. crude oil inventories rose sharply last week as demand softened on ongoing refinery maintenance, the U.S. Energy Information Administration (EIA) said on Wednesday.

Sasol, Anglo American and De Beers to pilot renewable diesel in South Africa

South African petrochemicals company Sasol, mining group Anglo American and its diamond business De Beers entered into a joint development agreement on Tuesday to pilot the production of renewable diesel from vegetable oil.

Russia's January seaborne diesel exports rise

Russia's seaborne diesel and gasoil exports rose almost by a quarter in January from December as traders sought to increase supplies before new U.S. sanctions come into effect and amid seasonal low domestic demand.

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