Diesel
Industry Metrics
US refinery margins recovered as product markets were supported by strong domestic gasoline demand and temporarily tight sentiment fueled by the switch to summer-grade gasoline.
UAE to raise gasoline, diesel costs in May
The price of a liter of octane 95 gasoline will rise to 1.67 dirhams (46 US cents) at the start of next month from 1.51 dirhams. The domestic diesel price will increase to 1.60 dirhams from 1.56 dirhams.
Brazilian fuel sales show year-on-year decline
C-grade gasoline sales rose to 23,440 bbl from 21,400 bbl in March 2015, while diesel sales fell to 29,840 bbl in March from 31,540 bbl a year earlier, according to petroleum regulator ANP.
Bangladesh to cut prices for gasoline, kerosene, diesel by up to 10%
Prices of petrol and 95-octane gasoline have now been reduced by 10 taka/liter and diesel and kerosene by 3 taka/liter, said Nasrul Hamid, junior minister for power, energy and mineral resources.
Chinese diesel exports rise over 300% from 2015
Gasoline exports rose 9.1% in March from a year earlier to 670,000 tons, while kerosene exports fell 7.4% on year to 1.03 million tons, the Chinese data showed.
US distillate fuel inventories post surprisingly huge drawdown
"Distillates are the standout bullish element of the report, and gasoline is the disappointment," said Matt Smith, commodity research director at energy data provider ClipperData.
IEA warns of crumbling global diesel demand
"Global gasoil demand crumbles," the Western energy watchdog said in its benchmark monthly report. Gasoil includes several different grades of fuel, but diesel is the most important.
Bulgaria’s anti-monopoly group raids fuel sellers
The competition authority launched a full investigation after an analysis of the EU country's fuel sector between 2013 and 2015. It found that the retail price policies of the seven companies were very similar and too slow to reflect falls in wholesale and production prices.
Global diesel glut looms as refiners hike rates to meet gasoline demand
Oil refiners are shifting into high gear to provide as much gasoline as possible for fuel-hungry drivers, and that could lead to a growing diesel glut further down the road.
Nigeria secures $200MM from oil majors to help pay for fuel imports
Africa's top producer, which needs to import most of its fuel needs, suffers from hard currency shortages due to a slump in oil revenues. For weeks, motorists have been queuing at petrol stations.
- 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
