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Diesel

China demand optimism sets oil on track for strong weekly gain

Oil prices rose on Friday and were on track to gain over 7% on the week due to solid signs of demand growth in top oil importer China and expectations of less aggressive interest rate rises in the United States.

Energy commodity prices in 2022 showed effects of Russia’s full-scale invasion of Ukraine

After increasing 68% from January through June, the energy component of the S&P Goldman Sachs Commodity Index (GSCI) ended the year 10% higher than the first trading day of 2022.

More ethanol was blended into U.S. gasoline last summer than ever before

Last summer, when the price of fuel ethanol was lower than the petroleum component of gasoline, record amounts of ethanol were blended into the gasoline sold in the United States (blend rates).

New processors to reshape North Dakota's export-focused soy sector

North Dakota's soybean industry is at the forefront of what could be a once-in-a-generation transformation in coming years, with two new processing plants set to open in 2023 and 2024 to meet rising domestic biofuel production.

Workers at bp refinery will not help with restart unless wage demands met

Workers at bp's Rotterdam refinery, which is currently offline, will not help restart operations unless their wage demands are met, union leaders said on Monday.

Russia price cap could threaten India's oil supplies

India would be one of the countries most exposed if Russia refuses to sell crude oil at the capped price under proposed sanctions to be imposed by the United States and the European Union.

U.S. oil refiners to keep running at breakneck speeds in fourth quarter

U.S. oil refiners this quarter will run their plants at breakneck rates, near or above 90% of capacity, as tight fuel supplies spur high profits and operating rates, according to company forecasts and analysts surveyed by Reuters.

China's diesel fuel exports more than doubled in September

China's diesel exports in September surged to their highest in more than a year while aviation fuel shipments were the most in 29 months as refiners rushed to cash in on robust export margins.

Diesel’s gloomy message for the global economy

Global shortages of middle distillates such as diesel, gas oil and heating oil are intensifying rather than easing – making it more likely a relatively severe slowdown in the business cycle will be necessary to rebalance the market.

Esso trying to resume refinery operations 'as soon as possible'

ExxonMobil's French business Esso is trying to resume operations as soon as possible now that an agreement has been accepted by two trade unions.