Gasoline
More than 20% of global oil refining capacity at risk, analysis finds
More than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie found in analysis published, as gasoline margins weaken and the pressure to reduce carbon emissions mounts.
Russian domestic fuel supply up in March
The Russian energy ministry said that domestic gasoline and diesel daily supplies have increased by 13,000 metric tons and 15,500 tons respectively in March so far from February.
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.
- Renewable fuels project in Canada begins production 4/19
- Jet fuel demand growth lags as air traffic exceeds pre-pandemic level 4/19
- Jet2.com to use SAF at London Stansted Airport 4/19
- Neste and New Jersey Natural Gas target reducing greenhouse gas emissions with Neste MY Renewable Diesel 4/19
- Cepsa and Evos join up for green methanol storage in Spain and the Netherlands 4/19
- Russia's Bashneft oil company installs anti-drone nets to protect refineries 4/19
