Gasoline
US, Indian gasoline demand boosts outlook for oil
Hedge funds have turned very bullish about the outlook for oil prices based on indicators showing strong gasoline demand in the US and India.
Oil price war scares sense of US energy security
Imports will almost certainly increase further over the remainder of the year as refineries ramp up production to meet record gasoline consumption and US crude output continues to decline.
EU clears Statoil to buy Shell’s Danish fuels unit
The European Commission had been concerned that the deal could have led to Danish consumers paying more for their fuel, diesel, gasoline and light heating oil.
US gasoline inventories fall as refiners cut rates
Refinery crude runs fell by 176,000 bpd, while utilization rates dropped by 0.6 percentage points. Gasoline stocks fell by 4.6 million bbl, well above expectations for a 1.5-million bbl drop.
Britain sees first sustained improvement in fuel consumption since 2007
More traffic is resulting in the first sustained increase in fuel consumption since 2007, a development welcomed by refiners and retailers but which complicates the government's climate plans.
US on track for record summer gasoline demand
Recent data indicates the country is on track for its biggest-ever driving season this summer, which will keep refineries running flat-out turning crude into the motor fuel.
Nigeria turns to crude swaps to ease domestic gasoline shortages
While the country is Africa's biggest oil producer, it is almost entirely reliant on imports for oil products, especially gasoline, after successive governments allowed its refineries to fall into disrepair.
India’s thirst for gasoline drives global oil demand
With other parts of the global economy struggling, continued growth in gasoline consumption in India has become one of the most important indicators for global oil prices.
Crude sets new 2016 highs as US expects strong summer fuels demand
"We are leaving the period of low demand and starting to move toward the period when demand increases over the summer," said Olivier Jakob, oil market analyst at Petromatrix in Switzerland.
Brazil sees ethanol, diesel sales plunge from 2015; gasoline drops less
Diesel sales fell 6.6% in the two first months of the year versus similar period in 2015, reflecting reduced economic activity as Brazil faces its worst recession in decades.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
