Gasoline
EIA: U.S. crude stocks fell last week as exports jumped
U.S. crude and distillate inventories fell in the week ending December 13 as exports surged, while gasoline stockpiles rose.
Phillips 66 outlines nearly $3-B capital program for 2025
Phillips 66 announced a 2025 capital budget of $2.1 billion, including $998 million for sustaining capital and $1.1 billion for growth capital.
Gazprom Neft plans to boost refined fuels output in 2025
Gazprom Neft plans to increase investment in major projects in 2025, and expects to increase oil refining and output of light oil products, the company's head, Alexander Dyukov said.
China’s refined oil consumption peaked in 2023, CNPC says
China's refined oil consumption peaked in 2023 at 399 MM tonnes (t) (7.98 MMbpd) and is expected to fall 1.3% to 394 MMt in 2024, the CNPC Economics & Technology Research Institute said on Friday
Petroleum Economist’s Paul Hickin recognized among the 50 voices in commodities worth following
Paul Hickin, Editor-in-Chief of Petroleum Economist, has been named one of Cititec's 50 Voices in Commodities Worth Following. This prestigious recognition underscores Paul’s exceptional contributions to commodity market analysis and his leadership in the global energy sector.
EIA: U.S. crude stocks fall as refinery demand grows
U.S. crude stocks fell by more than expected last week as refiners ramped up operations, offsetting a rise in crude imports
China's gasoline exports rebound in November before tax changes
China's gasoline exports are expected to have rebounded in November after refiners dashed to secure higher profits before changes to export tax rebates took effect this month.
Russia lifts gasoline export ban for producers
Russia's government has lifted a temporary ban on the bulk of gasoline exports supplied by producers, while extending the restrictions for other exporters, such as independent traders and re-sellers, until Jan. 31, 2025.
Venezuela's oil, fuel exports approach 1 MMbpd fueled by sales to Asia
Venezuela's oil exports jumped last month on higher sales to its mainstay Asia customers, and approached 1 MMbpd, a level not seen since early 2020.
U.S. crude stocks fall, gasoline and distillate inventories rise
U.S. crude stocks fell while gasoline and distillate inventories rose last week, the U.S. Energy Information Administration (EIA) said on Wednesday.
- LyondellBasell to sell select European petrochemical assets to AEQUITA 6/9
- Shell reports June 4 fire at ethylene cracker plant in Pennsylvania (U.S.) 6/9
- Plug Power, Allied Green Ammonia partner for $5.5-B, 2-GW electrolyzer project to produce SAF, green urea and green diesel 6/9
- Carbon Clean, MODEC to accelerate the scale-up of CycloneCC for offshore carbon capture 6/9
- Ebara Elliott Energy signs high-speed balancing bunker agreement to expand Middle East footprint 6/9
- Rotork joins Rockwell Automation’s Technology Partner Program 6/9
