Diesel
Sinopec exports first diesel cargo under general trade terms in 13 yr
BEIJING (Reuters) -- Top Asian refiner Sinopec Crop exported its first refined fuel cargo under so-called general trade terms in 13 yr, the company said on Friday, as China's state-owned refiners adapt to tighter government export quotas.
BP to develop Indonesian retail fuel business with AKR Corporindo
JAKARTA (Reuters) -- Oil major BP has signed an agreement with Indonesian petroleum and chemicals logistics company AKR Corporindo for the joint development of a "differentiated" domestic fuel retail business, BP said in a statement.
US crude inventories rise unexpectedly, product stocks dip
(Reuters) -- US crude stocks unexpectedly rose last week to a fresh record high, while gasoline and distillate inventories fell less than expected, the Energy Information Administration said on Wednesday, interrupting a recent string of bullish news for the oil market.
Industry Metrics
Asian refinery margins remained healthy ahead of the spring maintenance season, despite a slight fall due to signs of a bearish gasoline market.
Business Trends: Standardized modularization—Drivers, challenges and perspectives in the oil and gas industry
Modularization is an alternative way of performing engineering aimed to reduce the number of interfaces, the total installed cost (TIC) and overall schedule length of a project, while optimizing the return on investment (ROI) and allowing standardization for similar future projects.
Refining: Uncertainty grips South Africa’s Clean Fuels Program
The planned upgrading of oil refineries in South Africa to produce Euro 5-specified fuels will likely take longer than initially anticipated.
PDVSA manager arrested in Venezuela fuel corruption probe
CARACAS (Reuters) -- Venezuela has arrested a senior manager of state oil company PDVSA on suspicion of "irregularities" in contracts to supply fuel to the domestic market, authorities said on Wednesday.
California would increase fuel taxes under $52-B road repair plan
SACRAMENTO, Calif. (Reuters) -- California would increase gasoline taxes and other transportation-related fees for the first time in decades to fund an ambitious $52 B plan to repair the state's sagging infrastructure under a deal announced Wednesday.
BB Energy buys Morgan Stanley's diesel terminal in Australia
LONDON (Reuters) -- BB Energy has bought Morgan Stanley's diesel terminal in Australia as the oil trader expands outside its core European and Middle East markets, the trading company said on Tuesday.
Sinopec overhauls fuel buying policy in new blow to teapots
BEIJING (Reuters) -- Asia's top refiner Sinopec Corp said on Tuesday that it will begin buying gasoline and diesel fuel from third parties through its central office in Beijing, a move that puts further limits on China's independent oil refiners.
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