Gasoline
U.S. to close Northeast gasoline reserve with 1-MMbbl sale
President Joe Biden's administration will sell nearly 1 MMbbl of gasoline in the U.S.-managed stockpile in northeastern states as required by law, effectively closing the near decade-old reserve.
Pemex is delivering only a fraction of feedstock to new Olmeca refinery
Mexican state energy company Pemex started sending 16,300 bpd of crude oil to its new Olmeca refinery this week, less than 5% of its total capacity, signaling another delay.
China's April gasoline exports fall to lowest level since July 2015 on recovering domestic demand
China's gasoline exports in April fell to the lowest level since July 2015, as domestic travel and fuel use increased in the recovering economy.
Russia to lift gasoline export ban
The Russian government has made a final decision to suspend the temporary ban on gasoline exports as the market is sufficiently supplied. The Energy Ministry has confirmed the information.
China's CNCEC to build 300,000-bpd Al-Faw refinery in Iraq
China's National Chemical Engineering Company (CNCEC) has inked a deal with the Southern Refineries Company to build a 300,000-bpd refinery in Al-Faw, Iraq.
Higher refinery costs could increase summer gasoline prices says US EIA
Average monthly prices for regular-grade retail gasoline in the U.S. could increase by more than $0.10/gal if refinery output is lower than expected, according to an analysis published by the U.S. Energy Information Administration (EIA).
US appeals court upholds biofuel blending mandates for 2020-2022
A U.S. appeals court upheld a rule from President Joe Biden's administration that set the amount of biofuels that oil refiners were required to blend into the nation's fuel mix from 2020 through 2022, rejecting a challenge by oil refiners to the mandates.
HIF Global secures nearly $165-MM in investments to develop eFuels
HIF Global announced a combined investment from existing shareholders and the Japanese energy company Idemitsu Kosan, securing $164 MM to fund its eFuels projects.
Iran's Persian Gulf Mehr refinery scheduled for completion in early 2025
Phase 1 construction of Iran's Persian Gulf Mehr refinery is progressing, with project completion expected in early 2025.
Citgo Petroleum reports Q1 profit of $410 MM
Oil refiner Citgo Petroleum reported its first quarter net fell 56% to $410 MM, from $937 MM in the same period a year ago.
- ADNOC takes FID, awards $5 B in contracts for Phase 1 of its Rich Gas Development project 6/10
- Honeywell, Johnson Matthey, Gidara Energy and Samsung E&A form SAF technology alliance 6/10
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- Japan’s Taiyo Oil buys first Russian crude in more than two years on government request 6/10
- TRE HOLDINGS, Mitsubishi Gas Chemical to study feasibility of using woody biomass and waste to produce green methanol in Japan 6/10
- Honeywell completes acquisition of Sundyne to expand process industry capabilities 6/10
