Diesel

Nigeria's fuel traders struggling to secure gasoline from refurbished state refineries

Nigerian fuel traders are struggling to secure gasoline supplies from two newly refurbished state-run refineries six months after they were declared operational, they say, leaving them reliant on the privately owned Dangote oil refinery and imports.

Fuji Oil cancels Japanese biofuels plant due to high construction costs

Fuji Oil has decided to cancel plans to build a biofuels manufacturing plant at the Sodegaura refinery in Chiba, Japan, due to higher-than-expected construction costs.

China's April refinery output fell 1.4% year-on-year

China's crude oil throughput fell in April from a year earlier, official data showed on Monday, due to maintenance at state-owned refineries and as independent plants curbed output amid poor margins.

U.S. EPA to rule on backlog of small refinery biofuel exemption requests

There are 161 applications for exemptions from the U.S. Renewable Fuel Standard pending. The EPA's decision will have significant implications for the multi-billion-dollar credit market that underpins the biofuel program.

Phillips 66 announces agreement to divest majority interest in Germany and Austria retail marketing business

Phillips 66 announced that its subsidiary, Phillips 66 Continental Holding GmbH, has entered into a definitive agreement to divest a 65 percent interest in its Germany and Austria retail marketing business, including JET-branded sites, to a consortium owned by subsidiaries of investment firms Energy Equation Partners and Stonepeak.

Asia's refined fuel imports drop, but margins still hold

Asia's imports of key refined fuels such as gasoline and diesel fell to the lowest in four years in April, driven by a combination of refinery maintenance and weaker demand in the top-importing region.

Russian seaborne diesel exports fell in April

Russia's seaborne diesel and gasoil exports fell in April as refineries carried out seasonal maintenance and the industry held back some supplies for expected domestic demand growth over the summer months.

EIA: U.S. crude stocks rise with bigger imports, fuel inventories fall

U.S. crude stocks rose as the nation imported more oil, while gasoline and distillate inventories fell last week ahead of summer driving season.

Chevron attempting to restart El Segundo, California refinery after taking units offline last week

Mexico's Pemex plans to export less crude oil as new refinery starts up

The trading arm of Mexico's state company Pemex, PMI, is anticipating a reduction in crude oil exports this year as more will be sent to local refineries, especially the new Olmeca refinery.