Gasoline
U.S. crude oil inventories rose as utilization drops
U.S. crude oil inventories rose for the ninth week in a row, surging to their most since May 2021, as refiners ran less oil during a strong maintenance season.
Kuwait to ramp up refined products exports from the 615,000-bpd Al Zour refinery
Kuwait is set to ramp up refined oil product exports from its new Al Zour refinery in the second half of 2023 to plug Russian shortfalls in Europe and meet growing demand in Asia and Africa.
China gasoline exports may hit 8-yr low in Feb on domestic demand recovery
China's February gasoline exports may fall a second straight month to hit their lowest in eight years as domestic consumption rebounds after the nation emerged from COVID lockdowns, likely buoying Asian refining margins.
Business Trends: Tier 3 gasoline production: Challenges and opportunities for refiners
One of the biggest challenges to the crude oil refining industry over the past decades is the development of technologies capable of reducing the environmental impact of crude oil derivatives, while also raising their performance.
EU diesel price cap to limit Moscow's choice of buyers, including Asia
A proposed EU price cap on Russian diesel may be high enough to allow Moscow to continue exporting the fuel, but in practice could deter big Asian buyers who have become used to buying cheap Russian crude to refine it themselves, analysts say.
API unveils plan to make, move and improve American energy
The American Petroleum Institute (API) President and CEO Mike Sommers today released a new report and outlined the policies needed to make, move and improve American energy and prioritize U.S. natural gas and oil.
Alcoa's Australia unit flags 30% production cut at alumina refinery
Aluminum producer Alcoa Corp said on Monday it expects production at its partially owned Kwinana alumina refinery in Western Australia to be cut by about 30% due to a shortage of gas supply.
Crude oil prices increased in first-half 2022 and declined in second-half 2022
In the first half of 2022, geopolitical tension with Russia, culminating with Russia’s full-scale invasion of Ukraine on February 24, contributed to crude oil price increases.
Energy commodity prices in 2022 showed effects of Russia’s full-scale invasion of Ukraine
After increasing 68% from January through June, the energy component of the S&P Goldman Sachs Commodity Index (GSCI) ended the year 10% higher than the first trading day of 2022.
Russia replaces Iraq as top oil supplier to India in November
Russia has for the first time emerged as top oil supplier to India replacing Iraq as refiners last month snapped up oil from Moscow fearing a price cap from Dec. 5 could hit supplies and choke payment avenues, data obtained from trade sources showed.
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- EU crafts plan to give industries extra free CO2 permits this year 6/19
- PetroChina forecasts Chinese oil consumption will drop 4.9% this year 6/19
- Digital Exclusive: Water injection pump mechanical seals failure after pump shutdown 6/19
- Russian gasoline output down 25% so far in June after drone attacks on refineries 6/19
