Gasoline
Bangladesh to cut prices for gasoline, kerosene, diesel by up to 10%
Prices of petrol and 95-octane gasoline have now been reduced by 10 taka/liter and diesel and kerosene by 3 taka/liter, said Nasrul Hamid, junior minister for power, energy and mineral resources.
China’s Sinochem Hongrun sells first fuel export
Sinochem Hongrun, partly owned by state-run Sinochem Corp., sold a 35,000-ton cargo of 92-octane gasoline to trading house Trafigura, the sources said, and it was being loaded on Wednesday.
Chinese diesel exports rise over 300% from 2015
Gasoline exports rose 9.1% in March from a year earlier to 670,000 tons, while kerosene exports fell 7.4% on year to 1.03 million tons, the Chinese data showed.
US distillate fuel inventories post surprisingly huge drawdown
"Distillates are the standout bullish element of the report, and gasoline is the disappointment," said Matt Smith, commodity research director at energy data provider ClipperData.
Nigeria’s NNPC fights for more crude cargoes to exchange for gasoline
The dispute has delayed some of the country's monthly oil export programs and added to confusion over just how much crude Nigeria has at its disposal to exchange for gasoline.
European refining margins weakened in Q1: Total
Total said that its average refining margins in Europe had fallen to $35.1/ton in the first quarter of 2016, down from $38.1/ton in the fourth quarter of 2015.
US gasoline use comes in stronger than expected
A larger-than-expected draw in gasoline inventories and falling US crude production softened the blow of soaring crude stocks. Gasoline fell by 4.2 MMbbl to 239.76 million, compared with an analyst forecast for a 1.4-MMbbl draw.
Analysts wonder if US gasoline consumption data may be overstated
The US consumption figures are so high that some analysts question whether the gasoline is actually being exported rather than consumed domestically.
US gasoline prices rise as demand improves
The rise in gasoline prices is partly because of a seasonal increase in demand as more people are on the road as the weather improves and the days are longer.
Nigeria secures $200MM from oil majors to help pay for fuel imports
Africa's top producer, which needs to import most of its fuel needs, suffers from hard currency shortages due to a slump in oil revenues. For weeks, motorists have been queuing at petrol stations.
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