Gasoline
Heavy oil shortages are driving up refiners' cost
Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners' costs with a likely knock-on effect to industries ranging from shipping and construction to Middle Eastern power plants.
India's fuel demand increases more than 6% y-o-y
According to the country's Petroleum Planning and Analysis Cell, India's fuel consumption rose by 6.1% year-on-year in April.
Kazakh refinery to export gasoline made from Russian oil
Kazakhstan and Russia have allowed Kazakh refinery Condensat to export 225,000 t of gasoline this year that will be produced from naphtha supplied by Russia's Tatneft.
Iraq increases domestic refining capacity by 360,000 bpd within the past year
Iraq's Minister of Oil announced that Iraq's domestic refining capacity increased by 360,000 bpd within the last year, moving closer to achieving the country's goal of self-sufficiency in domestic fuels production.
Sinopec's $4.5-B refinery in Sri Lanka to challenge India's fuel export market share
Sinopec aims to establish its first fully-controlled overseas refinery at Sri Lanka's Hambantota port. This move, driven by changing global strategy and slowing domestic demand, intensifies competition with India's efforts to expand its energy presence in the region.
PetroChina profit boosted by stronger gas sales and fuel demand
China's top energy producer PetroChina posted a 4.7% rise in first-quarter net income helped by growth in natural gas and a recovery in fuel demand.
Crude and gasoline stocks fell, distillate stocks rose last week, EIA says
Crude inventories fell by 6.4-MM barrels to 453.6 MM barrels in the week ended April 19, the EIA said, compared with analysts' expectations in a poll for a 825,000-barrel rise.
Haiti fuel terminal operations halted as gangs seize trucks
Operations at Haiti's main fuel import terminal were suspended as armed men seized trucks and demanded the port be shut down, according to a source with information on the matter, likely exacerbating existing fuel shortages.
U.S. crude stocks rise, gasoline, distillate inventories fall
U.S. crude stocks rose while gasoline and distillate inventories fell in the week ending April 12, said the Energy Information Administration.
Russia cuts railway gasoline exports by 26.5% in April so far
Russia has reduced gasoline exports by rail in April 1-14 by 26.5% from the same period in March due to an export ban.
- 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
