Diesel
Valero Energy beats Q2 profit estimates as refining margins improve
Refiner Valero Energy beat Wall Street estimates for second-quarter profit as a rebound in refining margins helped cushion the loss in its renewable diesel unit.
U.S. refiners may see 2Q profit recover on stronger diesel margins
Investors are expecting top U.S. refiners to report higher second-quarter profits, bouncing back from losses during the first three months of the year as unseasonably strong diesel margins boost earnings.
NNPC CEO reaffirms Nigeria's initiative to debottleneck domestic refining capacity, strives for self sufficiency
The Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, has reaffirmed the Company’s commitment to dismantling structural bottlenecks towards laying a solid foundation for a self-sufficient refining ecosystem in Africa.
Second tanker to skip fuel loading at sanctions-hit Nayara refinery
Nayara Energy, in which Russia's largest oil producer Rosneft has a 49.13% stake, was hit in a fresh package of sanctions imposed on Friday by the European Union over Russia's war on Ukraine that began in February 2022.
Marathon refinery in Texas (U.S.) restarts diesel, gasoline units
Marathon has restarted a diesel-producing unit and the gasoline-producing unit at its 631,000-bpd Galveston Bay Refinery in Texas City, Texas (U.S.).
bp-chartered tanker leaves port of Nayara Energy without loading diesel
Oil tanker Talara, chartered by energy major bp, has left the Vadinar port of Indian refiner Nayara Energy without loading diesel as planned
Russian seaborne diesel exports for July 1–15 fall 6% month-on-month
Russia's seaborne diesel and gasoil exports fell by 6% to about 1.43 MM tonnes (t) in the first 15 days of July from the same period in June as refinery maintenance and strong domestic demand affected supplies.
China's refined oil exports dip 0.6% in June but hit 12-month high
China's exports of refined products, including diesel, gasoline, aviation fuel and marine fuel, fell 0.6% year-on-year to 5.34 MMt in June, though the figure marked the highest monthly total since June 2024.
EIA: U.S. crude stockpiles fall as exports rise; fuel demand drops
U.S. crude oil stockpiles fell last week as exports rose, while gasoline and distillate inventories rose, prompting some concerns about fuel demand.
Indonesia's biodiesel consumption reaches 7.42 MM kiloliters to date
The world's top palm oil producer increased the mandatory proportion of biofuels in its diesel to 40% this year, up from 35%, a policy known as B40 that was designed to reduce the country's reliance on imported diesel.
- Valero Energy beats Q2 profit estimates as refining margins improve 7/24
- SWISS becomes world’s first airline to integrate Synhelion solar fuel into its flight operations 7/24
- Finland's Neste tops earnings forecast on soaring SAF sales 7/24
- Shell restarts hydrodesulphurization unit at Pernis oil refinery after unplanned outage 7/24
- Orlen's Unipetrol will start commissioning ethylene unit after power outage experienced earlier in July 7/24
- Dow forecasts sales below estimates, slashes dividend as downturn takes a toll 7/24
