Gasoline
Pin Oak Terminals opens multi-product liquid marine terminal
Pin Oak Terminals, LLC opened the new multi-product liquid marine terminal at Pin Oak’s site in Mt. Airy, Louisiana. This is following key investment from Mercuria Energy Group Ltd. in the previous months.
Glencore, Chevron enter Mexico's recently opened fuel market
MEXICO CITY (Reuters) — US energy company Chevron Corp and trading firm Glencore on Thursday announced separate plans to enter Mexico's fuel market, as the long-hidebound sector begins to attract major foreign players.
US gasoline production is running near record levels
Gasoline production by US refiners and blenders has run near record levels over the first seven months of 2017, with four-week rolling average production well above its five-year average and close to the top of its five-year range. US gasoline inventories also remain relatively high despite growing domestic and foreign demand.
KMGI to expand petrol station network in Romania, Bulgaria once legal issues resolved
BUCHAREST (Reuters) — Oil refiner KMG International(KMGI) wants to open more petrol stations in Romania and Bulgaria and is on the lookout for acquisitions in central Europe once its legal problems are resolved, a company executive told Reuters.
Australia antitrust regulator raises flags on BP Woolworths petrol buyout
(Reuters) — Australia's antitrust regulator said on Thursday it was concerned BP Plc's plan to buy the petrol stations of grocery giant Woolworths Ltd would hurt competition, a sign it may block the $1.4 B deal.
EIA: Seasonality of US distillate consumption, stock levels declining
Changes in demand trends, trade patterns, and fuel specifications have significantly reduced the role of traditional seasonal factors in driving US distillate markets. Historically, distillate use in the United States was highly seasonal because of its use as a home heating fuel. In recent years, use of distillate as a heating fuel has decreased significantly, while its use as a transport fuel has remained relatively flat.
Sempra Energy's IEnova Unit, Valero sign contracts for liquid fuels projects in Mexico
SAN DIEGO — Sempra Energy announced that its Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), signed long-term contracts with a subsidiary of Valero Energy Corp. for the storage capacity of the liquid fuels marine terminal to be constructed in Veracruz and two inland storage facilities to be constructed in Puebla and Mexico City.
Brazil court issues injunction suspending fuel tax hike
SAO PAULO (Reuters) — A Brazilian federal court in Rio de Janeiro state issued an injunction late on Thursday suspending a tax hike on fuels, saying the government decision is unconstitutional.
Flurry of vessels booked from Mideast to Europe after Dutch refinery outage
SINGAPORE (Reuters) — Oil traders are rushing to secure vessels to ship refined fuel from the Middle East to Europe after a Dutch refinery outage made the route profitable, pushing freight rates to multi-month highs, traders and shipbrokers said on Thursday.
Brazil fuel, lubricant imports surge 57% in July
RIO DE JANEIRO (Reuters) — Brazil's fuel and lubricant imports shot up 57.3% in July from the same month in 2016 to $1.522 B, government data showed on Tuesday.
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- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
