Diesel
Raven SR and Cap Clean Energy to collaborate on Canadian SAF and renewable diesel projects
Raven SR Inc. and Cap Clean Energy Corp. announced they have signed a memorandum of understanding to co-develop biofuels facilities in Canada to produce sustainable aviation fuel and renewable diesel for the heavy-duty transport sector.
Turkey top destination for Russian diesel after EU embargo
Turkey remains the top destination for Russian diesel exports after an embargo on shipments to Europe forced traders to divert supplies to Asia, Africa, the Middle East and ship-to-ship loadings.
U.S. diesel stocks tighten but fear of shortage eases
U.S. inventories of distillate fuel oils such as diesel and heating oil have been depleting since the start of March, reversing some of the accumulation over the previous five months, mostly because of an acceleration in exports.
China's low-sulfur marine fuel exports up 38% in March; fuel oil imports hit decade-high
China's exports of low-sulfur marine fuels rose 38% in March from the previous year, while monthly fuel oil imports soared to a decade-high.
Saudi's Aramco offers more vacuum gasoil supplies for May
Saudi Aramco offered more VGO supplies to be exported from its Jizan refinery in May in a sign that the refinery is yet to ramp up to full output.
China's March diesel, jet fuel exports surge; gasoline down 34%
China's diesel exports shipments surged to 1.44 million tons, up 113.8% in March, from 0.67 million tons a year ago, data from the General Administration of Customs showed.
Deutsche Bahn to purchase 13,000 tons of Neste MY Renewable Diesel
Deutsche Bahn is expanding its use of renewable diesel significantly this year by purchasing around 13,300 tons of renewable diesel produced by Neste.
Brazil's Acelen to invest $2.44 B in renewable diesel business
Mubadala Capital backed-Acelen will invest $2.44 B over 10 years to make "green" diesel and jet fuel in Brazil, starting in 2026, in a move that will place the company among global leaders in this segment.
Neste and Q8 collaborate to make Neste MY Renewable Diesel available in the Danish market
Thanks to a strategic cooperation between Q8 and Neste, the heavy transport sector operators can buy Neste MY Renewable Diesel, at nine Q8 stations in Denmark from 17 April 2023 onwards.
European diesel refining margins at lowest since Russia's invasion
Benchmark Northwest European diesel refining margins dropped to $17.70 a barrel on Wednesday, their lowest since Feb. 25, 2022, a day after Russia launched its invasion of Ukraine.
- 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
