Diesel
UPM cancels second Rotterdam biomass-to-fuels refinery
UPM plans to discontinue the development of its potential second biomass-to-fuels refinery at the Port of Rotterdam. UPM plans to halt all engineering work related to the CAPEX investment and withdraw from all site-related commitments associated with the Rotterdam investment
Slovak refiner will continue supplies to Czech Republic after sanctions waiver ends
Slovak refinery Slovnaft has secured alternative crude supplies to maintain diesel exports to the Czech market after the June 5 expiry of an EU exemption that allowed it to export products derived from Russian oil.
ClassNK releases report ‘ClassNK Alternative Fuels Insight (Version 3.0): Providing new information on cost simulations reflecting approval at MEPC 83
This report provides updated information on cost simulations reflecting the IMO’s mid-term GHG reduction measures approved at the 83rd session of the Marine Environment Protection Committee (MEPC 83) held in April 2025.
HPCL aims to start crude unit at 9-MMtpy Rajasthan refinery (India) in October
Hindustan Petroleum Corp. Ltd. announced that it plans to begin crude processing at its 9-MMtpy Rajasthan (India) refinery in October of this year. The company has also announced that it hopes to start petrochemicals production in January 2026.
Nigeria's fuel traders struggling to secure gasoline from refurbished state refineries
Nigerian fuel traders are struggling to secure gasoline supplies from two newly refurbished state-run refineries six months after they were declared operational, they say, leaving them reliant on the privately owned Dangote oil refinery and imports.
Fuji Oil cancels Japanese biofuels plant due to high construction costs
Fuji Oil has decided to cancel plans to build a biofuels manufacturing plant at the Sodegaura refinery in Chiba, Japan, due to higher-than-expected construction costs.
China's April refinery output fell 1.4% year-on-year
China's crude oil throughput fell in April from a year earlier, official data showed on Monday, due to maintenance at state-owned refineries and as independent plants curbed output amid poor margins.
U.S. EPA to rule on backlog of small refinery biofuel exemption requests
There are 161 applications for exemptions from the U.S. Renewable Fuel Standard pending. The EPA's decision will have significant implications for the multi-billion-dollar credit market that underpins the biofuel program.
Phillips 66 announces agreement to divest majority interest in Germany and Austria retail marketing business
Phillips 66 announced that its subsidiary, Phillips 66 Continental Holding GmbH, has entered into a definitive agreement to divest a 65 percent interest in its Germany and Austria retail marketing business, including JET-branded sites, to a consortium owned by subsidiaries of investment firms Energy Equation Partners and Stonepeak.
Asia's refined fuel imports drop, but margins still hold
Asia's imports of key refined fuels such as gasoline and diesel fell to the lowest in four years in April, driven by a combination of refinery maintenance and weaker demand in the top-importing region.
- Asian gasoline margin spikes to highest since August 2023 11/14
- Lukoil-Moldova grants free use of airport fuel terminal to government amid U.S. sanctions 11/14
- Croatia rejects Russian vacuum gasoil cargo after U.S. sanctions 11/14
- Bulgaria wins UK sanctions reprieve on refinery, petrol stations 11/14
- China's Sinochem shuts one crude unit at Quanzhou after fire 11/14
- Enbridge approves $1.4-B project to boost Canadian oil flows to U.S. refiners 11/14
