Gasoline
U.S. petroleum product exports set another record high in 2023
Petroleum product exports from the U.S. averaged a record 6.1 MM bpdy in 2023, an 2.5% increase from 2022, according to EIA's Petroleum Supply Monthly.
Greece arrests member of gang that raked in $21 B from fuel-product smuggling
Greek authorities have arrested a senior member of an international gang that smuggled Latin American fuel products for illegal sale around the world, raking in an estimated profit of more than $21 B.
An innovative process for simultaneously producing high-purity benzene and U.S.-grade gasoline from FCC C6 heartcut
Mobile Source Air Toxics (MSAT) II regulations restrict the average benzene level in gasoline sold in the U.S. to 0.62 vol%. In India and in several other countries, benzene in gasoline is presently restricted to 1 vol%. Fluid catalytic cracking (FCC) gasoline contributes to nearly 10%–20% of the gasoline pool in a typical refinery.
More than 20% of global oil refining capacity at risk, analysis finds
More than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie found in analysis published, as gasoline margins weaken and the pressure to reduce carbon emissions mounts.
Russian domestic fuel supply up in March
The Russian energy ministry said that domestic gasoline and diesel daily supplies have increased by 13,000 metric tons and 15,500 tons respectively in March so far from February.
PetroChina's 2023 net income up 8.3% on strong fuel, gas sales
PetroChina's net profit rose 8.3% last year off record levels in 2022, as strong growth in natural gas sales and its marketing segment offset lower realized oil prices.
U.S. eases tailpipe rules, slows EV transition through 2030
The Biden administration slashed its target for U.S. electric vehicle adoption from 67% by 2032 to as little as 35% after industry and autoworker backlash in the political battleground state of Michigan.
U.S. crude and gasoline stockpiles fall as refining ramps up
U.S. crude oil stockpiles fell unexpectedly last week as exports rose and refiners continued to increase activity, while gasoline inventories decreased more than expected.
Colombia cops seize 7.3-MM gallons of crude in raids on illegal refineries
Colombian police have seized more than seven million gallons of crude oil in raids on illegal refineries, in an operation targeting production of bootleg fuel in Norte de Santander province.
Belgian government delays export fuel quality legislation
The Belgian government could pass its proposed legislation to tighten the quality of exported fuels as late as June now, missing its previous target of the second half of March 2024.
- Indian Oil buys first Colombian oil under Ecopetrol contract 12/31
- Ukrainian drone attack sparks fire, damages equipment at Tuapse refinery 12/31
- Chile's $2.5-B Volta green ammonia project wins environmental permit 12/31
- China begins issuing second batch of 2026 crude import quotas to refiners 12/31
- EIA: U.S. crude, fuel inventories rose in the week ended December 19 12/30
- Ghana's Tema oil refinery restarts after 9-yr shutdown 12/30
