Gasoline
Iran's president says subsidized fuel prices are irrational
President Masoud Pezeshkian said in a video published on Tuesday that fuel subsidies made no sense in Iran, a major oil producer with a struggling economy that has faced protests in the past over price hikes.
PetroChina posts record interim profit, but fuel sales decline
China's largest oil and gas company PetroChina's first-half net income hit a new high, up 3.9% compared with a year ago, as higher oil and gas prices outweighed the impact of reduced refining profits.
Sinopec's H1 profit up on record output despite lower product demand
China's Sinopec posted a 2.6% rise in net profit for the first half of the year as record oil and gas output compensated for falling domestic demand for refined fuel and petrochemicals.
EIA: U.S. Midwest refinery outages boost summer gasoline prices
A series of refinery outages in the U.S. Midwest caused regional gasoline prices to spike to more than 20% above the national average from July 22–August 5 during the high-demand summer driving season.
EIA: U.S. crude stocks, gasoline and distillate inventories fall
U.S. crude stocks, gasoline and distillate inventories fell in the week ending August 16, the U.S. Energy Information Administration (EIA) said on Wednesday.
Russian oil refining volumes up in August
Russian oil companies have boosted oil refining volumes this month as Gazprom plants ramped up output.
California aims to tackle pump spikes by requiring gas reserves
California Governor Gavin Newsom proposed a plan on Thursday requiring oil refiners to maintain minimum reserves of gasoline in an effort to prevent price spikes.
China's July oil refinery output sinks to the lowest since Oct 2022
China's oil refinery output in July fell 6.1% from a year earlier, down for a fourth month as thin processing margins and tepid fuel demand discouraged production.
U.S. refiners scale back crude intake as fuel stocks swell
U.S. petroleum refiners have trimmed crude processing rates in response to a rise in fuel inventories and a decline in refining margins since the start of 2Q 2024.
Ship-to-ship loadings of Russian diesel pick up in northern Aegean
Traders are moving Russian diesel cargoes to a new ship-to-ship (STS) loadings site in the northern Aegean Sea, as Western sanctions hit vessels carrying fuel loaded in Russian ports.
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
