Diesel
Brazil's Petrobras raises diesel prices by an average 6.1%
SAO PAULO (Reuters) -- Brazilian state-controlled oil company Petróleo Brasileiro SA increased diesel prices at refineries by 6.1% on average with immediate effect, citing higher oil prices and a stronger real currency.
Myanmar's fuel demand surging, expected to grow 6% per year in next decade
SINGAPORE (Reuters) -- Myanmar's oil imports are surging to fuel a fast-growing economy and rebuild rotting infrastructure, creating a small but profitable route for ships making a beeline for the emerging southeast Asian nation from the regional hub of Singapore.
LanzaTech awarded $4 MM from DOE for low carbon facility
CHICAGO, IL -- Carbon recycling company, LanzaTech has been selected by the Department of Energy’s Bioenergy Technologies Office (BETO) to receive a $4 million award to design and plan a demonstration-scale facility using industrial off gases to produce 3 MMgpy of low carbon jet and diesel fuels.
Industry Metrics
Healthy US domestic gasoline demand continued, despite supply pressure from refineries returning from maintenance and resumed Colonial Pipeline operations.
China's diesel demand likely to rise ahead of Lunar New Year
SINGAPORE (Reuters) -- China's diesel demand is likely to pick up pace ahead of the Lunar New Year as traders stock up barrels ahead of the festivities and as construction activity picks up in some areas, four trade sources said on Thursday.
Axens awarded PolyFuel supply contract for Petrobrazi refinery
OMV Petrom has selected Axens to supply the PolyFuel technology for its project at the Petrobrazi Refinery. The capacity of the project is 200,000 tpy.
Death of diesel in passenger cars of limited concern to refiners
LONDON (Reuters) -- Even if the diesel engine's scandal-driven fall from grace pushes it out of the world's passenger cars, an increasing need for it on ships, in trucks and heavy industry could save the refineries that invested heavily in producing the fuel.
India's diesel demand boosts rare imports of the fuel
SINGAPORE (Reuters) -- A rise in diesel demand is boosting India's rare imports of the industrial and transport fuel, helping to mop up some of the excess supply of the fuel in Asia, traders said on Wednesday.
Sturgeon Refinery project nears completion of phase one in Canada
OTTAWA -- Phase one of the Sturgeon Refinery, which will process bitumen and produce primarily diesel fuel in Alberta, is nearing completion. The project shows that additional economic value can be generated within the province, according to a Conference Board of Canada report, “Is There Value in Adding Value?” an assessment of the Sturgeon Refinery.
Nigeria central bank to auction dollars for fuel import
LAGOS (Reuters) -- Nigeria's central bank has asked banks to submit bids for a "special currency auction" targeting fuel importers to meet demand for matured letters of credit, traders said on Monday.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
