Diesel
Container shippers hedging green transition with dual-fuel vessel orders
Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe.
Singapore middle distillates stocks rise for fourth week to six-week high
Singapore's middle distillates inventories rose for the fourth straight week to a six-week peak as net exports of jet fuel slid further while those of diesel climbed.
EIA: U.S. crude, gasoline inventories rise, distillates draw down
U.S. crude oil and gasoline inventories last week rose more than forecast, while distillate stockpiles posted a larger-than-expected draw, the Energy Information Administration (EIA) said.
Sinopec, Aramco start building $10-B petchem complex in China's Fujian province
Sinopec Corp and Saudi Aramco have started constructing a $10-B refinery and petrochemical complex in southeast China's Fujian province, marking another big investment in the country's recent wave of petrochemicals expansions.
India shaping up as refining hub, to rely on fossil fuels until 2040
India, the world's No.3 oil importer and consumer, is expected to rely on fossil fuels until at least 2040 and is positioning itself as a refining hub, Oil Minister Hardeep Singh Puri said.
US refiner margins to stabilize next year as plant closures cut supply
U.S. refiner margins for gasoline and diesel will be relatively unchanged next year, the U.S. Energy Information Administration said, signaling relief for fuel producers who saw profits slump sharply since 2022 on slowing demand growth.
Germany blocks oil firms from using past emissions credits to support biofuel industry
The German cabinet approved reforms to restrict oil companies from carrying excess emissions reductions credits forward, in a step aimed at boosting the biofuel industry that was hit by a quick drop in carbon prices in recent years.
Quarterly gasoil uses rises, but future demand set to be weak
Lower prices helped to drive higher-than-expected Organization for Economic Co-operation and Development (OECD) gasoil use in the third quarter, driving up overall oil demand, but weak manufacturing and sluggish growth are likely to cap future consumption.
Topsoe to provide technology for one of Brazil’s first commercial-scale SAF plants
Topsoe will provide its HydroFlex and H2bridge technologies to Refinaria de Petróleo Riograndense's 16,000-bpd renewable diesel and sustainable aviation fuel plant in Brazil.
Dangote Oil Refinery can now process winter diesel, executive says
The Dangote Oil Refinery has the capacity to produce winter diesel for the European market, a further indication of its potential to disrupt the global refining market.
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