Gasoline
Sinopec's H1 profit up on record output despite lower product demand
China's Sinopec posted a 2.6% rise in net profit for the first half of the year as record oil and gas output compensated for falling domestic demand for refined fuel and petrochemicals.
EIA: U.S. Midwest refinery outages boost summer gasoline prices
A series of refinery outages in the U.S. Midwest caused regional gasoline prices to spike to more than 20% above the national average from July 22–August 5 during the high-demand summer driving season.
EIA: U.S. crude stocks, gasoline and distillate inventories fall
U.S. crude stocks, gasoline and distillate inventories fell in the week ending August 16, the U.S. Energy Information Administration (EIA) said on Wednesday.
Russian oil refining volumes up in August
Russian oil companies have boosted oil refining volumes this month as Gazprom plants ramped up output.
California aims to tackle pump spikes by requiring gas reserves
California Governor Gavin Newsom proposed a plan on Thursday requiring oil refiners to maintain minimum reserves of gasoline in an effort to prevent price spikes.
China's July oil refinery output sinks to the lowest since Oct 2022
China's oil refinery output in July fell 6.1% from a year earlier, down for a fourth month as thin processing margins and tepid fuel demand discouraged production.
U.S. refiners scale back crude intake as fuel stocks swell
U.S. petroleum refiners have trimmed crude processing rates in response to a rise in fuel inventories and a decline in refining margins since the start of 2Q 2024.
Ship-to-ship loadings of Russian diesel pick up in northern Aegean
Traders are moving Russian diesel cargoes to a new ship-to-ship (STS) loadings site in the northern Aegean Sea, as Western sanctions hit vessels carrying fuel loaded in Russian ports.
BASF introduces Fourtiva FCC catalyst to increase high-octane gasoline blending feedstock
BASF announced the commercial launch of Fourtiva™, a new fluid catalytic cracking (FCC) catalyst for gasoil to mild resid feedstock.
ExxonMobil's Joliet, Illinois (U.S.), refinery restarts units, ramps up production
Exxon Mobil restarted select units at its 251,800-bpd in Joliet, Illinois, three weeks after it lost power following a storm.
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