Gasoline
EIA: U.S. refining capacity increased in 2023 with expansions and existing facilities
U.S. refining capacity increased in 2023 for the second time since the COVID-19 pandemic, according to the U.S. EIA’s annual Refinery Capacity Report. U.S. operable atmospheric crude oil distillation capacity totaled 18.4 MMbpd at the start of 2024, a 2% increase compared with the start of 2023.
Angola's new 30,000-bpd Cabinda refinery to start up later this year
Angola’s new Cabinda crude oil refinery is on track to start up later this year before ramping up to full first phase production of 30,000 bpd by July next year.
Mexico seeks more 2025 fuel import deals after refinery delays
Mexico is seeking to import more motor fuel for next year than it had previously planned, to compensate for delays in the startup of its new Olmeca refinery.
U.S. crude stocks fall, gasoline and distillate inventories rise
U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending July 12.
Russia may reinstate gasoline export ban from August if shortages worsen
Russia might decide to reinstate a gasoline export ban from August should there be supply shortages on the domestic fuel market.
India eyes energy deals with Rosneft, other Russian companies
India wants to strengthen its energy ties with Russia and could seek deals with Rosneft and other leading Russian oil firms as part of a broader push to boost bilateral trade.
Brazil's Petrobras ups gasoline prices 7%, first hike under new CEO
Brazilian state-run oil company Petrobras announced its first gasoline price hike in almost a year, and also hiked the price of gas used for cooking and heating.
Nigeria's NNPC seeks new oil-backed loan to boost finances, debt to gasoline suppliers has doubled
Nigeria's NNPC is in talks for another oil-backed loan to boost its finances and allow investment in its business, its chief executive said, as pressure mounts on the state-backed oil company the economy depends upon.
India's June fuel demand edges up 2.6%
India's fuel consumption rose by 2.6% year-on-year to 19.99 metric MMt in June from a year earlier.
Africa could compete in fuel exports, but massive investments are needed
Africa could become a refined fuel exporter, with at least two top-notch refineries due to come on stream within the next five years, but it must overcome its dire infrastructure and a funding crunch.
- Indian caustic soda major TGV SRAAC selects thyssenkrupp nucera for new expansion contract 7/23
- Sasol commits to next-generation catalyst supply for e-SAF pioneer INERATEC 7/23
- Solvay reduces scope 3 emissions in soda ash and bicarbonate production in France 7/23
- NNPC CEO reaffirms Nigeria's initiative to debottleneck domestic refining capacity, strives for self sufficiency 7/23
- Valmet to supply a Valmet DNA automation system to a bio-based raw material production plant in Portugal 7/23
- Evonik uses green electricity for polybutadiene production in Marl, Germany 7/23
