Europe
Uzbekistan starts construction of $2.2-B oil refinery
TASHKENT (Reuters) -- Uzbekistan started construction of a $2.2 B refinery on Thursday, which will use oil imported from Russia and Kazakhstan, state news agency UzA reported.
BP sells stake in China petrochemical venture to Sinopec for $1.7 B
LONDON (Reuters) -- BP has agreed to sell its 50% stake in the Shanghai SECCO Petrochemical Company to a subsidiary of its joint venture partner Sinopec for $1.68 B, the British oil major said.
Daimler says diesel probes could result in penalties, recalls
FRANKFURT (Reuters) -- Daimler on Wednesday reiterated that recent steps by United States authorities to investigate diesel emissions pollution and so-called auxiliary emission control devices could lead to significant penalties and vehicle recalls.
Europe lures rare diesel cargoes from US East Coast
LONDON/NEW YORK (Reuters) -- US East Coast refineries are stepping up exports of diesel despite a regional deficit of the fuel as strong overseas demand, particularly in Europe, is proving more profitable.
Trafigura buys more naphtha; snaps up Reliance cargo
SINGAPORE (Reuters) -- European trader Trafigura has bought 55,000 t of naphtha from India's Reliance Industries for end-May loading from Sikka, adding to its unusually high purchases of the fuel from the Singapore cash market, traders said on Wednesday.
Oil dips on doubts over OPEC's ability to reduce inventories
LONDON (Reuters) -- Oil eased on Tuesday, paring earlier gains, as doubts about OPEC's ability to reduce global crude inventories put the price on track for its six fall in seven days.
TomTom, BP partner to ‘help BP customers boost fleet efficiency’
AMSTERDAM, The Netherlands -- BP FleetMove combines fuel transaction information from BP fuel cards with driver behavior data from the TomTom Telematics Service Platform in one, easy-to-use interface.
Russia elbows Saudi Arabia aside as China's top crude oil supplier in March
BEIJING (Reuters) -- Russia reclaimed its position as China's biggest crude oil supplier in March, customs data showed on Tuesday, displacing Saudi Arabia after two months in second place as Moscow fights to hang on to its slice of the Chinese market.
Distribution of Neste diesel expands to Estonia
Neste will start distributing the Neste Pro Diesel in the company's Estonian station network. Distribution starts with four stations and will be expanded during May to cover 20 Neste stations in Estonia.
Despite alliance, Russian shipper holds Venezuela oil hostage over debts
ST. EUSTATIUS/HOUSTON (Reuters) -- Venezuela's state-run oil company, PDVSA, sent a tanker in October to the Caribbean with the expectation that its cargo of crude would fetch about $20 MM—money the crisis-stricken nation desperately needs.
- Mideast conflict turbocharges diesel prices, squeezing Europe 6/23
- Pertamina is looking to import > 200,000/month of 90-octane gasoline 6/23
- Japan will mitigate potential gasoline price spike, prime minister says 6/23
- Linde to invest $400 MM to build the world-scale air separation unit 6/23
- OEG signs major partnership agreement in Qatar 6/23
- U.S. Supreme Court lets fuel producers challenge California emissions standards 6/23
