Gasoline
Nigeria's rush for petrol could save Europe's sagging margins
LONDON (Reuters) — Nigeria's rush to keep its citizens supplied with fuel is expected to boost purchases of European gasoline in December, offering a potential respite to European refineries and storage terminals threatened by an oversupply that has battered margins.
Tankers gather off PDVSA ports amid delays exporting fuel oil
HOUSTON (Reuters) — An accumulation of tankers waiting to load around Venezuelan ports has grown in recent days as state-run oil company PDVSA struggles to deliver fuel oil for exports, according to traders and Reuters vessel tracking data.
Vietnam fuel distributors to shift to ethanol blend this week
HANOI (Reuters) — Vietnam's biggest fuel distributors said they would complete a shift to an ethanol-blended product by Friday as part of a government program to promote a more eco-friendly fuel.
Fuel shippers seek US review of 'excessive' Colonial Pipeline rates
NEW YORK (Reuters) — Oil major Chevron, leading refiner Valero and Delta Air Lines have complained to the US energy watchdog about fees Colonial Pipeline charges to ship gasoline, diesel and jet fuel over its fuel network, the country's largest.
First Mobil-branded service stations to open in Mexico
SANTIAGO DE QUERÉTARO, Mexico — ExxonMobil announced a partnership with retailer Grupo Orsan to open eight Mobil-branded service stations this week in Querétaro as part of the company’s entry in Mexico’s fuels market. ExxonMobil plans to open 50 Mobil stations in the Bajio region by the end of 1Q 2018.
EIA: US crude stockpiles slump, gasoline builds more than expected
(Reuters) — US crude oil stockpiles fell more than expected last week as refineries hiked output, but gasoline and distillate inventories posted surprisingly large builds, the Energy Information Administration said on Wednesday.
Nigerian motorists queuing for fuel told there are no shortages
ABUJA (Reuters) — Nigeria’s state oil company assured motorists on Tuesday there was no shortage of petrol and urged them not to engage in panic buying after long queues built up at filling stations.
South Africa to hike petrol, diesel prices in December
JOHANNESBURG (Reuters) — The retail price of petrol and the wholesale price of diesel in South Africa will increase from Wednesday due to a weaker rand currency and higher crude oil prices, the energy department said on Monday.
Refining: What is blending?
Not a day passes without publications, the blogosphere and pundits wringing their hands over the concept of fuel blending. In today’s low-priced crude oil market, the fuel blending business gives blenders a competitive edge that grows every day, attracting new customers and potential new producers intrigued by the possibility of making “easy” money.
Industry Metrics
The US saw solid product demand, despite a decline following the end of the driving season, and reduced scheduled maintenance lent some support.
- Kumho Mitsui Chemicals begins operation of chlor-alkali plant using thyssenkrupp nucera technology 6/16
- MAIRE, Azerbaijan partner to increase sustainability projects in Azerbaijan 6/16
- Mitsubishi Gas Chemical, RITE partner to convert captured CO2 into methanol 6/16
- Yara Clean Ammonia supports groundbreaking ammonia bunkering pilot in Pilbara (Australia) 6/16
- Syensqo signs carbon fiber composites recycling contract with Fairmat 6/16
- OCI Global receives U.S. regulatory approval for the sale of its global methanol business to Methanex Corp. 6/16
