Diesel
Mediterranean diesel diffs at 21-month high on tight supplies
LONDON (Reuters) -- A closed arbitrage from other regions and refinery shutdowns have tightened the Mediterranean diesel market driving cargo premiums to ICE gasoil futures to their highest since August 2015.
Mexico oil theft clash leaves at least 10 dead, including four soldiers
MEXICO CITY (Reuters) -- At least four soldiers and six suspected oil thieves died in a battle in the central Mexican state of Puebla, authorities said on Thursday, as the army launched a major operation against organized criminals who siphon fuel from pipelines.
EIA: Petroleum product exports from Central Atlantic US unusually high in February
Exports of finished petroleum products from the Petroleum Administration of Defense District (PADD) 1B, which comprises the US Central Atlantic states (Delaware, District of Columbia, Maryland, New Jersey, New York and Pennsylvania), reached a record high for the month of February, as petroleum product prices in that region weakened compared with prices in the rest of the Atlantic Basin region.
Russia resumes oil shipments to Cuba, helps fill Venezuelan breach
HAVANA (Reuters) -- Russia has begun shipping large quantities of oil to Cuba for the first time this century, sources said, as supplies to the island from crisis-wracked Venezuela have dwindled.
Global: The future growth of Argentina’s oil and gas industry hinges on additional investments
Attracting new investments is vital to revive the Argentine oil industry. It is essential to involve multinationals, due to the lack of financial resources of the Argentinian government. The modernization of the country’s downstream infrastructure is crucial to improve productivity, and the nation will need international support to obtain profitable results.
Industry Metrics
A lack of gasoline export opportunities amid increasing inflows of middle distillates impacted the European market. Stronger US domestic gasoline demand and falling inventories ahead of the transition to summer-grade quality supported refinery margins. The Asia market was impacted by a stronger domestic gasoline demand amid an upcoming switch to summer grades.
Vitol, Helios complete acquisition of 100% of Vivo Energy
Further to the acquisition of Shell’s 20% shareholding in Vivo Energy by Vitol Africa B.V., Helios Investment Partners, acting on behalf of the funds to which it is advisor, and Vitol own 100% of Vivo Energy.
How North Korea gets its oil from China: lifeline in question at UN meeting
BEIJING (Reuters) -- As the United Nations Security Council decides whether to tighten the sanctions screws on North Korea, the country's increasingly isolated government could lose a lifeline provided by state-owned China National Petroleum Corp (CNPC).
Daimler says diesel probes could result in penalties, recalls
FRANKFURT (Reuters) -- Daimler on Wednesday reiterated that recent steps by United States authorities to investigate diesel emissions pollution and so-called auxiliary emission control devices could lead to significant penalties and vehicle recalls.
Europe lures rare diesel cargoes from US East Coast
LONDON/NEW YORK (Reuters) -- US East Coast refineries are stepping up exports of diesel despite a regional deficit of the fuel as strong overseas demand, particularly in Europe, is proving more profitable.
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