Diesel
Viking Energy becomes the world's first ammonia-powered platform supply vessel
Shipowner Eidesvik Offshore and partners will make “Viking Energy” the world’s first ammonia-powered platform supply vessel. In 2026, the vessel will operate on ammonia for Equinor, reducing GHG emissions by 70% or more.
PetroChina posts record interim profit, but fuel sales decline
China's largest oil and gas company PetroChina's first-half net income hit a new high, up 3.9% compared with a year ago, as higher oil and gas prices outweighed the impact of reduced refining profits.
Sinopec's H1 profit up on record output despite lower product demand
China's Sinopec posted a 2.6% rise in net profit for the first half of the year as record oil and gas output compensated for falling domestic demand for refined fuel and petrochemicals.
Russia uses vessels sanctioned by EU for fuel, diesel exports
Russia has started to use vessels sanctioned by the Europe Union (EU) for oil products exports.
Singapore's middle distillates stocks snap three-week uptrend
Singapore's middle distillates inventories fell 5% from last week, snapping three weeks of gains as a jump in net jet fuel/kerosene exports outweighed declines in diesel/gasoil net exports.
Air Products and Saneg announce $140-MM assets acquisition deal in Uzbekistan
The Fergana refinery in Uzbekistan is starting the industrial production of hydrogen (H2) by transferring its H2 production assets to Air Products.
Fire at huge Russian diesel depot engulfing more storage tanks
A fire sparked by a Ukrainian drone attack on a huge diesel depot in Russia's southern Rostov region on Sunday has engulfed more fuel storage tanks.
China's biodiesel producers seek new outlets as hefty EU tariffs bite
Chinese biodiesel producers are seeking new outlets in Asia for their exports and exploring producing other biofuels as supply to the European Union, their biggest buyer, dries up ahead of anti-dumping tariffs.
U.S. biofuel output capacity rose last year on renewable diesel rush
Five new renewable diesel production plants opened last year, boosting U.S. output of the drop-in diesel substitute and other emerging biofuels by 44% to 282,000 bpd.
Diesel consumption falls in China due to reduced economic activity and fuel substitution
The U.S. EIA estimates that diesel consumption in China totaled 3.9 MMbpd in June 2024, a decline of 11% from the same month last year and the largest year-over-year decline in consumption for any month since July 2021.
- Iran's Revolutionary Guards say they targeted petrochemical facilities in the Gulf 4/6
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
