Gasoline
Oil prices slide on Beijing COVID warning, inflation concerns
Oil prices slipped more than $2 on Monday as a flare-up in COVID-19 cases in Beijing quelled hopes for a rapid pick-up in China's fuel demand, while worries about global inflation and economic growth further depressed the market.
Biden looking to address oil refinery capacity, White House adviser says
U.S. President Joe Biden is looking at ways to bring in more oil supplies amid rising energy costs, including working to address oil refinery capacity.
Taiwan's CPC buys first crude with carbon offset from SOCAR
Taiwan's state refiner, CPC Corp, said it has received the country's first crude cargo with certified carbon offset from SOCAR Trading, the trading arm of Azerbaijan's state oil company.
Japan’s first SAF helicopter flight with H215
Airbus Helicopters in Japan and Japan’s leading helicopter operator Nakanihon Air (NNK) have jointly performed the country’s first ever helicopter flight powered with SAF.
U.S. average gasoline prices reach $4.85 per gallon in early June, more than anticipated
U.S. gasoline prices surged in early June 2022 from a week earlier by over a quarter of a dollar during a spring holiday known as Memorial Weekend that took the average fuel pump reading nationwide to about $4.85 per gallon.
Saudi cuts crude supply to some Chinese refiners in July, sources say
Saudi Aramco has notified at least five North Asian refiners, mostly Chinese, that it will be supplying less than contracted volumes of crude oil in July.
China May crude oil imports at 45.83 MMt, customs data shows
China's crude oil imports rose nearly 12% in May from a low base in the same month a year earlier, although refiners still battled high inventories with COVID-19 lockdowns and a slowing economy weighing on fuel demand.
High fuel prices could erode public support for energy transition, Chevron CEO says
Europe's plan to double down on renewable fuels in response to rising fuel costs could have the unintended short-term effect of increasing prices and slow down the energy transition, Chevron Corp Chief Executive Michael Wirth said.
Croatia ready to increase Adriatic oil pipeline capacity, Hungary says
Croatia is ready to increase the capacity of the Adriatic oil pipeline to supply Hungary and Slovakia with crude in case of any disruptions to imports from Russia via the Druzhba pipeline.
GE Digital launches accelerator tools to help energy companies accelerate digital transformation
GE Digital announced its new Accelerator product line adding best-in-class software tools to help empower companies in asset-intensive energy industries to quickly configure its Asset Performance Management (APM) and other offerings.
- Tasnee's Saudi Ethylene and Polyethylene Co. commences planned maintenance of ethylene plant 1/2
- Advanced Biofuels Canada Association welcomes federal biofuels production incentive coming into force 1/2
- Technip Energies completes acquisition of Ecovyst’s Advanced Materials & Catalysts business 1/2
- Peru opens state-owned Petroperu to private investment after reorganization 1/2
- Brazil's Petrobras cuts jet fuel prices by 9.4% 1/2
- Norway's new car sales were 96% electric in 2025 1/2
