Diesel
Nigeria unions to strike unless fuel price hike is reversed
Nigerian labor unions plan to strike to demand a reversal in petrol price hikes and lower public school fees, the Nigerian Labour Congress said.
Repsol to invest more than $130 MM to retrofit plant to produce biofuels
Spanish oil company Repsol will invest more than $132.95 MM to retrofit a decades-old diesel plant to produce second-generation biofuels.
U.S. crude, fuel stockpiles fell last week
Crude inventories fell by 600,000 barrels in the last week to 456.8 million barrels, compared with analysts' expectations for a 2.3 million-barrel drop.
Neste welcomes a new distributor to sell Neste MY Renewable Diesel in the Danish market
Neste is partnering with Biofuel Express to sell Neste MY Renewable Diesel in Denmark. Biofuel Express will distribute and sell Neste MY Renewable Diesel, while Neste will ensure sufficient volumes of the fuel.
UK minister: petrol car ban immovable but some green policies to be relaxed
Britain is sticking to its plan to ban the sale of new petrol and diesel cars from 2030 but some measures to reduce the carbon footprint of residential homes will be relaxed, senior government minister Michael Gove said.
U.S. distillate stocks fail to make summer recovery amid refinery outages
U.S. diesel, heating oil and jet fuel stockpiles have failed to recover from the 10-year lows hit last year when high prices caused the Biden administration to consider a ban on fuel exports, leaving the markets vulnerable to supply shocks when demand picks up toward the end of the summer.
U.S. fuel maker profits to fall from last year's records
U.S. refining profits are expected to fall from last year's records but remain strong as domestic refining outages and increased foreign competition pose challenges.
Canada releases framework to phase out inefficient fossil fuel subsidies
Canada released a framework for eliminating inefficient fossil fuel subsidies, making it the first G20 country to deliver on a 2009 commitment to rationalize and phase out government support for the sector.
G20 bloc fails to reach agreement on cutting fossil fuels
The Group of 20 (G20) major economies meeting in India failed to reach consensus on phasing down fossil fuels following objections by some producer nations.
Russia is not ruling out quotas on fuel exports, deputy PM says
Russia is not ruling out introducing quotas on the export of oil products to stabilize gasoline prices, Russian Deputy Prime Minister Alexander Novak said, according to state media, as gasoline wholesale prices hit an all-time high.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
