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Gasoline

China's Sinopec plans steady refinery output on fuel recovery

Chinese refining giant Sinopec Corp plans to maintain steady refinery output during the second half of 2023 as domestic fuel demand recovers, after reporting a 20% decline in interim profit because of lower crude oil prices.

Total spending on fuel subsidies topped $7 T in 2022, IMF says

Global subsidies for fossil fuels rose by $2 T over the past two years to reach a record $7 T in 2022, according to new estimates from the International Monetary Fund.

Oil down 1% as weak U.S. gasoline demand offsets big draw in crude stocks

Oil prices were down 1% as a build in US gasoline stocks fed worries about demand after Japan and Europe posted gloomy manufacturing data.

Marathon Petroleum implements Topsoe technology at Martinez renewables facility

Marathon Petroleum’s refinery in Martinez, California (U.S.), has been repurposed to produce renewable diesel--using Topsoe's HydroFlex technology--through the company’s joint venture with Neste.

Los Angeles (U.S.) refineries mostly unaffected by Hurricane Hilary

The five refineries in Los Angeles, California (U.S.) came through Hurricane Hilary's wind and heavy rain mostly unaffected.

Singapore's middle distillates stocks rise as imports from India emerge

Singapore's middle distillates inventories clawed back earlier weeks' of losses and rose on higher gasoil imports, with Indian-origin cargoes arriving for the first time in more than three months.

Summer Midwest distillate inventories rise amid high production and transit constraints

Midwest distillate inventories increased rapidly in June and early July due to increased regional refinery production and limitations on moving distillate and other products outside the region.

U.S. gasoline prices at year high, tight supply weighs on motorists

U.S. motorists hoping to squeeze out one last trip before the Labor Day holiday and school begins are finding pump prices that have surged to their highest level this year on tighter gasoline supplies.

Syria slashes gasoline subsidy, boosts public-sector salaries

Syria has raised prices of gasoline and other petroleum products again, officials and state media said, as the government gradually lifts subsidies to boost public finances in an economy strained by an over decade-old war.

Petrobras CEO says no pressure from govt on fuel prices

Brazil's Petrobras was not pressured by the federal government to refrain from raising local fuel prices, its CEO said, after the state-run oil company announced a major hike in gasoline and diesel prices to track an "abrupt" global spike.