Gasoline

EIA: U.S. crude and fuel inventories fall as Iran war roils energy markets

Fuel inventories also declined, as exports of petroleum products rose to their highest level on record.

Oil supply shock to worsen as inventories fall further even if conflict ends

Oil supplies are set to tighten further in coming weeks even if the U.S. and Iran agree on a peace deal to end their war because it will take weeks for oil shipments to resume from the Middle East Gulf and reach refiners worldwide - so oil companies will continue to deplete storage tanks to meet peak summer demand.

Australia commits $7 B to boost fuel stockpiles, create government reserve

The expanded stockpiles and reserve of around 1 B liters (264 MMgal) will ensure Australia holds at least 50 days of fuel onshore to shield the country from future supply shocks.

Equinor: Iran war lifts Asia-Pacific interest for Norwegian petroleum products, LNG

The conflict has effectively closed the Strait of Hormuz, a choke point for energy exports from producers in the Gulf, especially affecting clients in Asia.

Colonial Oil Industries to acquire Atkinson Oil Co., strengthening fuels and lubricants deliverables in SE U.S.

Booming U.S. energy exports draw scrutiny as domestic fuel prices bite

U.S. exports of gasoline, diesel, crude oil, LNG, jet fuel and ethane all surged to record highs so far in 2026 as energy firms capitalized on the disruptions to Middle East shipments and catered to urgent orders from customers around the world.

India proposes rules to allow higher ethanol-blended fuels in vehicles

The Ministry of Road Transport and Highways said the draft includes provisions for E85 fuel, a blend of 85% ethanol with petrol, and E100, which would allow vehicles to run on nearly pure ethanol.

Nigeria's Dangote oil refinery running gasoline unit at 75% capacity

The gasoline unit not running at full capacity could spell trouble for the local market, as fuel prices have reached record-high levels and risen 65% at the pump from the impact of war in the Middle East.

Phillips 66 Limited completes acquisition of Lindsey Oil Refinery assets

The transaction comes after the company previously agreed to the deal in January, stating its intention to integrate key assets into its Humber Refinery operations.

Indian Oil Corp. says diesel, gasoline sales up more than 13% in Apr 1–21

IOC, India’s top fuel retailer and refiner, is meeting the local demand through its over 42,000 fuel stations.