Gasoline
U.S. gasoline stockpiles hit 2-yr low on stronger demand
U.S. gasoline stockpiles fell unexpectedly last week to a 2-yr low on strengthened demand, the U.S. Energy Information Administration (EIA) said on Wednesday, while crude inventories also posted a surprise drawdown as imports slipped.
Dangote says refinery has 500 MM liters of petrol in storage, can meet Nigeria's demand
Nigeria's Dangote oil refinery has a stockpile of 500 MM liters of petrol, its billionaire founder said, countering claims by marketers who asserted they needed to supplement Dangote's supplies with imports to meet fuel shortages.
Mexico's Pemex posts wider third-quarter loss, hit by weaker peso
Mexican state-owned oil company Pemex reported a deeper $8.2-B 3Q net loss on Tuesday, hurt mostly by a weaker exchange rate even as it benefited from support from the country's new government.
Enterprise opens new facility in Utah to expand strategic fuel storage
Enterprise Products Partners said the second phase of its Texas Western Products System, which houses 400,000 bpd of gasoline and diesel, was now complete with truck loading operations beginning at company's fuel terminal located in Utah.
Sinopec's 3Q earnings fall 52.1% on lower oil prices, refining margins
Chinese refiner Sinopec posted a 52.1% year-on-year decline in net profit to 8.54 B yuan ($1.2 B) for the third quarter because of lower oil prices and weak refining margins.
U.S. crude, gasoline inventories rise, distillates draw down
U.S. crude oil and gasoline inventories rose while distillate inventories fell last week, the U.S. Energy Information Administration (EIA) said on Wednesday.
As U.S. Permian crude turns lighter, it risks losing favor with refiners
Companies drilling for the crude that turned the U.S. into the world's top oil producer face an unexpected dilemma: their West Texas Midland crude is getting lighter, which could make it less appealing to some refiners.
Egypt raises gasoline, diesel prices for third time this year
Egypt raised fuel product prices on Friday for the third time this year as it continues to cut back on diesel and gasoline subsidies, but said it would cover the additional energy costs for bakers of subsidized bread.
Brazil: TotalEnergies sells its fuel distribution activities to SIM Distribuidora
TotalEnergies has signed an agreement to sell its fuel distribution activities in Brazil to SIM Distribuidora, a Brazilian company.
Global refinery margins fall to multi-year seasonal lows in September
Refinery margins for petroleum refiners across the world are shrinking, indicating reduced profitability from refining crude oil and selling petroleum products.
- Consortium introduces world's first pharmaceutical bottle partially made with wood-based plastics 10/30
- Aramco, Petrovietnam sign Collaboration Framework Agreement for increased petrochemicals trade 10/30
- TotalEnergies studies Moroccan project to export green ammonia to Europe 10/30
- Changxing Island accelerates development of world-class green petrochemical industrial base 10/30
- U.S. gasoline stockpiles hit 2-yr low on stronger demand 10/30
- Dangote says refinery has 500 MM liters of petrol in storage, can meet Nigeria's demand 10/30
