Diesel
Mexico's Pemex fined $20 MM for anti-competitive fuel practices
MEXICO CITY (Reuters) — Mexico's antitrust watchdog has fined a division of state-owned oil company Pemex for failing to establish a competitive fuel market, the agency said on Monday.
China issues third set of fuel export quotas under processing scheme
BEIJING/SINGAPORE (Reuters) — China has issued 9.06 MMt of refined fuel export quotas under so-called processing trade terms in its third batch of quotas, two trading sources with knowledge of the matter said on Tuesday.
Irving Oil completes $20-MM expansion of St. John's Marine Terminal
ST. JOHN'S, NL — Irving Oil announces the grand opening of its St. John's Marine Terminal Expansion—a $20-MM investment that will improve harbor logistics and help position St. John's Harbor for future growth. The expansion adds a new fueling berth on Pier 23, adjacent to the company's existing facilities on Pier 24, doubling the number of vessels that can access marine gas oil (MGO) via pipeline at its Marine Terminal.
Sinopec may cut refinery runs in third quarter as fuel glut weighs
BEIJING (Reuters) — China's top state refiner Sinopec Corp may cut fuel output in the third quarter, said four sources with knowledge of the matter, as the company contends with a domestic fuel glut, competition from independent rivals and slower demand growth.
Gunvor Singapore executive charged by Chinese prosecutors in oil probe
BEIJING/LONDON (Reuters) — Chinese prosecutors have charged an employee of Swiss commodity trader Gunvor Group who has been held for a year for allegedly smuggling fuel and evading taxes on sales from the Philippines, according to a legal document viewed by Reuters.
Vitol, Gunvor eye Mozambique fuel distributor privatization
MAPUTO (Reuters) — Global oil traders Vitol and Gunvor are interested in buying Mozambique's struggling state-owned fuel distributor Petromac, local media reported on Wednesday.
Industry Metrics
US gasoline demand increased with the shift to summer fuels and higher export opportunities to Latin America.
EIA: Fuel economy improvements are projected to reduce future gasoline use
Anticipated changes in energy consumption by light-duty vehicles in the United States are based on two factors: the amount of travel and the fuel economy of the vehicles used. The Annual Energy Outlook 2017 Reference case projects a decline in light-duty vehicle energy use between 2018 and 2040 as improvements in fuel economy more than offset increases in light-duty vehicle miles.
Equatorial Guinea, Arabian Energy enter agreement for African oil terminal
MALABO, Equatorial Guinea -- Following the signing of an agreement between the Government of Equatorial Guinea and Arabian Energy DMCC to work together on the Bioko Oil Terminal in Saudi Arabia, the realization of the petroleum tank farm gained some important momentum.
Black Sea diesel plant upgrade delayed by a year to 2019
MOSCOW (Reuters) — Russia's Rosneft has postponed plans to upgrade a plant on the Black Sea by around a year, delaying the supply of an additional 5.5 MMt of Russian diesel per year, industry sources told Reuters.
- U.S. EIA forecasts new export licensing requirements will reduce U.S. ethane exports 6/18
- Nigeria to export first gasoline cargo to Asia from Dangote refinery 6/18
- Indian refiners cancel palm oil orders for July-September as prices surge 6/18
- U.S. set to object to green jet fuel recommendation at UN aviation council 6/18
- Phoenix Contact introduces intrinsic safety versions of the MINI Analog Pro Ex conditioners for hazardous areas 6/18
- EIA: U.S. crude inventories fall by most in a year, fuel stocks build 6/18
