Diesel
Bulgaria wins UK sanctions reprieve on refinery, petrol stations
The UK last month announced sanctions on Russia's two biggest oil companies, Rosneft and Lukoil, and a week later the U.S. followed suit in a bid to squeeze the financing of Moscow’s war effort in Ukraine.
China's Sinochem shuts one crude unit at Quanzhou after fire
The 300,000-bpd Quanzhou refinery was due to be offline for scheduled full plant maintenance from the end of November or early December to January.
Novatek has fully restored operations at Ust-Luga's condensate complex
The condensate is being processed into light and heavy naphtha, kerosene, diesel and marine fuel.
PetroChina to phase out 19 old refining, chemical units to curb sector glut
The world's second-largest oil consumer is facing a faster-than-expected peak in fuel demand due to rapid electrification of its transportation fleet and a petrochemical sector that is plagued by excess capacity and poor margins.
Bulgaria restricts fuel exports to EU following Lukoil sanctions
The ban will not apply to the refueling of domestic and foreign ships, aircraft and deliveries to the armed forces of European Union and NATO member states.
Diesel rally sparked by Western sanctions on Russia will be short-lived
A new wave of Western sanctions on Russia’s oil industry has roiled the diesel market, sending refining margins soaring, but global supplies are unlikely to be severely disrupted for long.
Asia refining margins soar as sanctions threaten Russian supplies
The strength has mainly been driven by the global diesel market, which has staged an upward swing in recent weeks on robust demand and tighter supply prospects.
Mali strikes deal with Russia for petroleum products
Jama'at Nusrat al-Islam wal-Muslimin (JNIM) militants announced a blockade on fuel imports to the landlocked West African country in early September and have since attacked convoys of fuel tankers attempting to enter the country or reach the capital.
Maersk tests Brazilian ethanol mix to make cleaner maritime fuel
Maersk, which represents 15% of the global maritime shipping market, is testing a blend with 10% of ethanol.
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