Diesel
Nigeria to triple petrol prices after president says subsidy to end
Nigeria's state oil firm NNPC Ltd is proposing hiking petrol prices to as high as 557 naira ($1.21) per liter from 189 naira, according to a circular it sent to fuel stations.
Saudi diesel imports from Russia, exports to Singapore hit records
Leading crude exporter Saudi Arabia is maximizing refining profits by importing unprecedented amounts of cheap Russian diesel and in turn shipping record volumes to Singapore, where the fuel can achieve higher margins, shiptracking data shows.
China's fuel oil imports soar as inspections curb bitumen blend intake
China's independent oil refiners are ramping up fuel oil imports to process into gasoline and diesel amid robust refining margins as ongoing cargo inspections at refining hub Shandong have cut off supplies of lower-priced feedstock bitumen blend.
ITOCHU to become an official distributor of Neste MY Renewable Diesel in Japan
Neste and ITOCHU have agreed to extend their collaboration with a licensing agreement allowing ITOCHU to become an official distributor of Neste MY Renewable Diesel in Japan.
Nigeria commissions Dangote refinery, seeks to end fuel imports
Nigeria commissioned Dangote Refinery amid hopes of transforming the country into a net exporter of petroleum products, but analysts said securing crude supplies could affect it achieving full production this year.
Turkey and ship-to-ship top destinations for Russian May diesel loadings-traders
Turkey and ship-to-ship loadings remained the top destination for Russian diesel exports in May, while total shipments in May are set to fall because of seasonal refinery maintenance and rising domestic demand, traders said.
U.S. refiners build new oil processing as travel rises
U.S. oil refiners aim to run at up to 94% of a total 17.9 million bpd processing capacity this quarter, according to company forecasts and analysts, driven in part by expectations of seasonal travel demand.
New fuel policy in Brazil to ease prices at the pump, space out adjustments
Brazilian state oil company Petrobras approved a new fuel pricing policy for gasoline and diesel that will sharply lower costs for motorists, it announced, ditching a more market-based policy in favor of greater flexibility to smooth price swings.
Reliance courts Indian diesel market with cheaper supply
India's Reliance Industries Ltd has turned its sights on the domestic market, offering a high-performance diesel at a lower price than fuel sold by state-owned retailers, the operator of the world's biggest refining complex said.
China cuts second batch of 2023 fuel export quotas
China has decreased its second batch of export quota volumes for refined oil products, consultancies and trader sources said, focusing on local demand during the refinery overhaul season and boosting domestic sales amid poor export margins.
- Kumho Mitsui Chemicals begins operation of chlor-alkali plant using thyssenkrupp nucera technology 6/16
- MAIRE, Azerbaijan partner to increase sustainability projects in Azerbaijan 6/16
- Mitsubishi Gas Chemical, RITE partner to convert captured CO2 into methanol 6/16
- Yara Clean Ammonia supports groundbreaking ammonia bunkering pilot in Pilbara (Australia) 6/16
- Syensqo signs carbon fiber composites recycling contract with Fairmat 6/16
- OCI Global receives U.S. regulatory approval for the sale of its global methanol business to Methanex Corp. 6/16
