Gasoline
Facing fuel shortage in Cuba, Havana diplomats roll up sleeves
HAVANA (Reuters) -- When they are not tending to international affairs, diplomats based in Havana can be found these days stewing in interminable queues at gas stations and concocting ways to increase the octane in fuel as Cuba's premium gasoline shortage takes its toll.
Indian state-run companies mull daily fuel price change
MUMBAI (Reuters) -- India's state-run oil marketing companies, which control over 90 percent of the retail fuel market in the country, are mulling a plan that would allow daily changes in the price of automotive fuels, Economic Times reported on Friday.
BP to develop Indonesian retail fuel business with AKR Corporindo
JAKARTA (Reuters) -- Oil major BP has signed an agreement with Indonesian petroleum and chemicals logistics company AKR Corporindo for the joint development of a "differentiated" domestic fuel retail business, BP said in a statement.
US crude inventories rise unexpectedly, product stocks dip
(Reuters) -- US crude stocks unexpectedly rose last week to a fresh record high, while gasoline and distillate inventories fell less than expected, the Energy Information Administration said on Wednesday, interrupting a recent string of bullish news for the oil market.
Traders clear Europe's tanks by shipping more gasoline to US
LONDON (Reuters) -- Traders are shipping more gasoline from Europe to the US East Coast ahead of the summer driving season as a steady reduction in inventories there props up prices.
US East Coast refiners profit on winter gasoline at expense of summer stocks
NEW YORK (Reuters) -- The US East Coast gasoline market looks set to begin the summer driving season with fewer barrels in storage than last year, as refiners have been profiting by producing winter grade gasoline longer than usual, trading sources said.
Tanzania hikes fuel prices on weaker currency, crude costs
DAR ES SALAAM (Reuters) -- Tanzania's energy regulator raised maximum retail prices of petrol and diesel on Monday, citing higher international costs for both crude and refined products and a weaker local currency, a move expected to exert upward pressure on inflation.
Industry Metrics
Asian refinery margins remained healthy ahead of the spring maintenance season, despite a slight fall due to signs of a bearish gasoline market.
Business Trends: Standardized modularization—Drivers, challenges and perspectives in the oil and gas industry
Modularization is an alternative way of performing engineering aimed to reduce the number of interfaces, the total installed cost (TIC) and overall schedule length of a project, while optimizing the return on investment (ROI) and allowing standardization for similar future projects.
Refining: Uncertainty grips South Africa’s Clean Fuels Program
The planned upgrading of oil refineries in South Africa to produce Euro 5-specified fuels will likely take longer than initially anticipated.
- Syensqo and Axens launch Argylium to accelerate Europe's solid-state battery breakthrough 1/6
- Samsung E&A breaks ground on 500,000-tpy ammonia facility in the U.S. 1/6
- Nova Sustainable Fuels project reaches key milestone with environmental assessment approval 1/6
- VLS Environmental Solutions acquires Merichem's caustic services business 1/6
- Phillips 66 says two U.S. Gulf Coast refineries can process Venezuelan crude 1/6
- Nigeria's Dangote oil refinery says fuel supply intact amid maintenance 1/6
