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Gasoline

AFPM statement and letter in support of House bills to stop government vehicle bans, attempts to electrify the RFS

American Fuel & Petrochemical Manufacturers President & CEO Chet Thompson this morning issued a statement along with a letter urging support for three bills being marked up today by the House Energy & Commerce Committee.

End of Nigerian fuel subsidy set to squeeze Europe's refiners

One of Europe's main markets for gasoline has shrunk, threatening to squeeze European refiners, after Nigeria removed fuel subsidies, which destroyed much of the country's domestic demand and a regional market for smuggled fuel.

China's gasoline demand peak nears as EV boom hastens transition

China's demand for petrol is likely to peak as early as next year as electric vehicle sales soar, several analysts say, bringing forward an energy transition milestone for the world's biggest polluter and a headache for global refiners.

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.

Indonesia's Pertamina launches sales of gasoline with 5% ethanol mix

Indonesian state-owned energy company Pertamina has launched sales of gasoline containing 5% of bioethanol made from sugar molasses in two cities, as the country aims to expand the availability of renewable fuels.

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.

Bumpy road ahead for U.S. gasoline demand and energy transition

While U.S. gasoline demand is unlikely to rescale the pre-pandemic peaks of 2018 as the energy transition accelerates, the pace of its decline is uncertain, illustrating the challenge for industry and the government in planning the shift to a low-carbon economy.