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Diesel

Phillips 66 agrees to sell interest in Switzerland-based joint venture

Phillips 66 has announced that its subsidiary, Phillips 66 Ltd., has entered into a definitive agreement to sell its 49% non-operated equity interest in Coop Mineraloel AG (CMA) to its Swiss joint venture partner.

China oil imports fall from a year ago for fifth month, newest refinery starts up

China's oil imports fell in September by 0.6% from a year earlier, as plants curbed purchases because of weak domestic fuel demand and narrowing export margins.

Singapore marine fuel sales down for second month in Sept., though biofuels climb

Sales of marine bunker fuel at Singapore eased for a second consecutive month in September, though marine biofuel sales surged to a fresh record high.

Russia's largest oil refinery lifts 9-month crude processing by 4%

The Omsk oil refinery, Russia's largest by production volumes, increased crude processing by 4% year-on-year in the January to September period thanks to a modernization of its facilities.

Russia considers diesel export ban for non-producers

Russian oil companies have held talks with the government on whether firms that do not produce diesel should be banned from exporting it because of concern the refiners may be losing subsidies.

Turkey, Brazil are main buyers of Russian seaborne diesel after EU embargo

Turkey and Brazil have been the main importers of Russian seaborne diesel and gasoil since the European Union banned the import of Russian oil products.

Iraq's Kerbala refinery non-operational due to maintenance

Iraq's Kerbala refinery is under extensive maintenance and has been non-operational since Sept. 25, knocking out 150,000 bpd of processing capacity.

Czechs seek partners to challenge EU's CO2 goals for car sector

The Czech Republic will seek European Union partners to help it contend with tougher EU carbon dioxide (CO2) emissions rules next year.

U.S. distillate fuel oil demand will increase in the fall due to agricultural harvest

The U.S. Energy Information Administration (EIA) expects distillate fuel oil consumption to increase in the fall as diesel-powered agricultural equipment is used to harvest and transport crops.

Singapore's middle distillates stocks snap three-week fall

Singapore's middle distillates inventories rebounded to a three-week high after falling for three consecutive weeks.