Gasoline
PetroChina's 2023 net income up 8.3% on strong fuel, gas sales
PetroChina's net profit rose 8.3% last year off record levels in 2022, as strong growth in natural gas sales and its marketing segment offset lower realized oil prices.
U.S. eases tailpipe rules, slows EV transition through 2030
The Biden administration slashed its target for U.S. electric vehicle adoption from 67% by 2032 to as little as 35% after industry and autoworker backlash in the political battleground state of Michigan.
U.S. crude and gasoline stockpiles fall as refining ramps up
U.S. crude oil stockpiles fell unexpectedly last week as exports rose and refiners continued to increase activity, while gasoline inventories decreased more than expected.
Colombia cops seize 7.3-MM gallons of crude in raids on illegal refineries
Colombian police have seized more than seven million gallons of crude oil in raids on illegal refineries, in an operation targeting production of bootleg fuel in Norte de Santander province.
Belgian government delays export fuel quality legislation
The Belgian government could pass its proposed legislation to tighten the quality of exported fuels as late as June now, missing its previous target of the second half of March 2024.
Evonik expands sustainable catalyst offerings with new product Octamax
Evonik has launched a highly sustainable new catalyst product, Octamax, that improves sulfur removal performance for refinery fuel.
Refined fuels and oil prices: long positions decline as distillate sales stall price rally
Benchmark oil prices plateau as investors finish repurchasing bearish short positions, impacting refined fuels and U.S. natural gas with declining sales and a short covering rally, respectively.
Nigeria announces reforms to lure oil and gas investment
Nigeria will offer tax credits and streamline contracting processes for new oil and gas projects, the Information Minister said, in a move by Africa's top energy producer to attract much-needed investment.
Ethanol's dwindling discount to gasoline could slow U.S. biofuel demand
Ethanol's smallest discount to gasoline in seven months could reduce demand for U.S. biofuels and make higher ethanol blends such as E85 less profitable.
Reduced refinery activity puts upward pressure on gasoline and diesel prices
Although U.S. retail average prices for gasoline and diesel are below 2023 prices for this time of year, decreasing regional inventories for the major U.S. refining regions increased retail prices for both fuels last month.
- 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
