Fuel Oil
Sri Lanka in talks to buy fuel from China and Russia
Sri Lanka, which imports all of its fuel, has been hit hard by energy market fallout from the Iran war, pushing authorities to hike fuel prices by 40%, ration fuel sales, and declare Wednesdays as public holidays.
Chevron introduces next-gen Techron in U.S. Chevron and Texaco gasolines
Chevron U.S.A. Inc. has announced the introduction of next-generation Techron, a reformulated version of its proprietary gasoline additive designed to provide greater protection for engines from harmful deposits caused by lower quality fuels, supporting long-term engine performance.
Nigeria fuel demand rises as Dangote drives near-full refining capacity
Average daily petrol consumption rose to 51.1 million liters, slightly above the 50 million liters benchmark levels, while diesel demand climbed to 17.3 million liters a day.
How China is plugging energy supply gaps left by U.S.-Iran conflict
China secured roughly half of its total imports of crude oil, refined fuels, liquefied natural gas (LNG) and liquefied petroleum gas (LPG) from the Middle East in 2025.
Australia, Singapore leaders pledge closer energy ties to tackle global supply shock
The leaders said they agreed to ensure the flow of essential supplies including diesel and LNG, making "maximum efforts" to boost their energy security.
Five EU countries call for windfall tax on energy companies
Such a measure could help fund relief for consumers in the face of high energy prices and be a signal that "we stand united and are able to take action", they said.
Nigeria's Dangote refinery boosts exports to ease Africa's supply crunch
Fuel prices in oil-producing Nigeria have reached record-high levels, industry figures show, as maximum output from Dangote refinery has not offset the impact of high crude prices.
Russia's Novatek to maximize naphtha exports in March amid Asia shortage
Rising production in Ust-Luga and easing ice conditions in the Baltic Sea will allow Novatek to boost naphtha exports to Asian markets, where supply challenges due to the Gulf conflict have sent prices to record highs.
Taiwan's Formosa Petchem issues force majeure as Iran war disrupts feedstock delivery
For refined fuel products such as diesel, jet fuel and gasoline, the company is still proceeding with its export deliveries for March and April, although there is likely to be no spot availability for April.
Russia to send crude oil and fuel to Cuba soon, Izvestia reports
Cuba is grappling with fuel shortages after the U.S. moved to choke off its oil supplies. The communist-run island has warned international airlines that jet fuel will no longer be available, the latest sign of fast-worsening conditions.
- Hanwha Ocean signs strategic MoU with Kanata Clean Power for proposed $15.7-B, 12-MMtpy FLNG project in Canada 6/18
- Burckhardt Compression secures milestone order for first industrial scale liquefied CO₂ carrier supporting Northern Lights CCS project 6/18
- Dynelectro dispatches 250-kW electrolyzer unit to Syntholene’s Iceland eSAF project 6/18
- EIA: U.S. crude inventories decline for tenth week to over 40-yr low 6/18
- Australia opens first carbon refinery, making new products from captured CO2 6/18
- ABB expands non-invasive sensing portfolio to advance simpler, safer temperature measurement 6/18
