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Gasoline

Corteva, Bunge, Chevron partner to produce renewable fuels

Chevron is collaborating with agribusiness firms Corteva and Bunge to produce renewable fuels from canola crops.

Crimea bridge restrictions strands liquefied petroleum gas cargoes

Several tankers loaded with liquefied petroleum gas have been unable to cross under Russia's Crimea bridge due to security restrictions, prompting suppliers to use other routes out of Russia.

Citgo Petroleum posts record $2.8 B profit for 2022

Refiner Citgo Petroleum Corp reported record net profit of $2.8 billion for 2022 on strong motor fuel demand, high margins and refining output that exceeded its plants' listed capacity.

Indian fuel demand in February was the highest in 24 yr

India's fuel demand hit its highest level in at least 24 years in February, with industrial activity in Asia's third biggest economy boosted by cheap Russian oil.

Strategic Biofuels to bolster U.S. green fuels project through U.S. DOE loan guarantee

Strategic Biofuels announced today that it has been invited by the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) to submit a Part II application for a proposed $1.6 B loan guarantee under the Title XVII Innovative Clean Energy Loan Guarantee Program.

bp CEO: Fuel efficiency has a bigger impact on demand vs. EVs

Fuel efficiency in new light vehicles is having a bigger impact on fuel demand than rising sales of electric vehicles, bp Chief Executive Bernard Looney said at CERAweek.

Chinese diesel/gasoline exports continue to rise

China's diesel exports rose for a second month in December, while gasoline exports climbed for a third month, as the country's COVID outbreak limited domestic fuel demand, and refiners utilized their expanded yearly export quotas.

Saudi Aramco buys minority stake in company focused on more fuel-efficient gasoline engines

Saudi Aramco has agreed to take a minority stake in a new powertrain engine company that French car maker Renault SA and China's Geely Automobile Holdings Ltd plan to set up jointly.

Egypt increases gasoline prices in line with global levels

Egypt raised domestic gasoline prices, bringing them more in line with global levels but risking further public discontent after a year of rising inflation, a weakening currency and a series of austerity measures.

Petrobras will reduce fuel prices to offset increases in fuels taxes

Brazil's state-run oil giant Petrobras said it will reduce gasoline and diesel prices at its refineries from Wednesday, a move that will likely offset the resumption of federal taxes levied on fuels.