Gasoline
U.S. fuel maker profits to fall from last year's records
U.S. refining profits are expected to fall from last year's records but remain strong as domestic refining outages and increased foreign competition pose challenges.
Canada releases framework to phase out inefficient fossil fuel subsidies
Canada released a framework for eliminating inefficient fossil fuel subsidies, making it the first G20 country to deliver on a 2009 commitment to rationalize and phase out government support for the sector.
Russia is not ruling out quotas on fuel exports, deputy PM says
Russia is not ruling out introducing quotas on the export of oil products to stabilize gasoline prices, Russian Deputy Prime Minister Alexander Novak said, according to state media, as gasoline wholesale prices hit an all-time high.
Pakistan fuel pump operator association calls national strike
Fuel pump operators across Pakistan are to hold a nationwide strike on July 22 in a bid to secure larger margins amid an inflation crisis.
Vietnam approves $11.4-B plan to expand fuel storage capacity by 2030
Vietnam has approved a plan to expand its national fuel storage capacity by 2030, with investment of up to $11.4 B.
Saudi Arabia and Turkey sign petroleum and petchem cooperation MoU
Saudi Arabia and Turkey have signed a memorandum of understanding to cooperate in the production, marketing and distribution of refined petroleum products and in petrochemicals production.
Russian sea-borne diesel exports show monthly growth of 11%
Russia's sea-borne diesel and gasoil exports rose by 11% to about 1.9 million tons in the first 17 days of July from the same period in June, as production grew after seasonal refinery maintenance, data from traders and Refinitiv Eikon showed.
China's June diesel exports fall to lowest level in over a year
China's diesel exports fell to the lowest level in more than a year in June as refiners curbed production in favor of more lucrative gasoline and aviation fuels.
India's gasoline demand likely to recover from late August
India's gasoline demand will likely recover from late August, while diesel consumption is expected to stay weak, an official at refiner Hindustan Petroleum Corp Ltd said.
Turkey increases fuel tax as it bolsters stretched budget
Turkey raised tax on petrol to help to fund a $42.2-B increase to its 2023 budget after February's earthquakes and the May presidential election sent spending soaring.
- 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
