Gasoline
EIA: US crude stocks jump, gasoline inventories plunge
(Reuters) -- US crude oil inventories surged last week to another record high, while gasoline stocks went the other direction, posting their largest one-week drop in nearly six years, the Energy Information Administration said on Wednesday.
E.ON blames costs beyond its control for UK fuel price hike
LONDON (Reuters) -- E.ON UK will raise its standard variable dual-fuel prices by 8.8% from April 26, affecting around 2.5 million customers, the British arm of German utility E.ON said.
Industry Metrics
The European market saw stronger domestic demand amid gasoline export opportunities to West Africa and higher volumes of naphtha and fuel oil to Asia, fed by continued strong demand in that region. After recovery from the impact of the Colonial Pipeline outage, US refinery runs have risen, mainly in the USGC, taking advantage of stronger export opportunities and ahead of the spring maintenance season.
Business Trends: Africa—Will increasing demand spark downstream capacity builds?
Over the past decade, Africa’s oil demand has increased by more than 1 MMbpd, to nearly 3.9 MMbpd. Africa’s oil production is more than double the amount it consumes, but lack of investment, failing infrastructure and inadequate refining capacity force the continent to rely on imports to satisfy increasing fuel demand.
Implement proactive asset management techniques
The drop in crude oil prices since 2014 has impacted both upstream producers and downstream players. Upstream producers—those responsible for exploration, drilling and production—were the first to feel the effects. While refining margins benefitted from the drop in crude oil pricing, they began to suffer when record surpluses of gasoline and diesel flooded the market a year later.
Peak gasoline demand looms with engine efficiency gains
LONDON (Reuters) -- Demand for gasoline in the US, which accounts for a tenth of global oil consumption, is expected to peak next year as engines become more efficient, WoodMackenzie analysts said.
Driving innovation in the downstream: IRPC returns to New Delhi
Gulf Publishing Company and Hydrocarbon Processing are pleased to announce that IRPC 2017 will be held April 18–20 in New Delhi.
Gulf Oil announces new Gulf Pay mobile app
WELLESLEY HILLS, Mass. -- Gulf Oil today announced the launch of a new mobile payment application, Gulf Pay. The new offering, powered by P97's PetroZone mobile commerce platform, will enable Gulf customers to navigate to the nearest Gulf gas station, pay for fuel at the pump, and purchase products inside the convenience store utilizing mobile payment technology.
Sunoco LP announces a new, high-detergent fuel blend
DALLAS -- Sunoco Ultratech, a high-detergent fuel blend, will be available to customers starting April 1 across all grades of gasoline at every Sunoco station across the country. The introduction of Sunoco Ultratech is the company's latest effort to provide customers with the high quality fuel they've come to expect from Sunoco.
US gasoline margins hit 1-year low on oversupply fears
NEW YORK (Reuters) -- US gasoline margins fell by more than 11% early on Friday, hitting one-year lows as record inventories and signs of weakening demand dampen expectations and upend trade flows.
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