Gasoline
Unipec, Vitol place lowest offers in Bangladesh oil import tender
SINGAPORE/DHAKA (Reuters) — Oil traders Unipec and Vitol placed the lowest offers in a tender by Bangladesh Petroleum Corp to buy up to 1.27 MMt of oil products for import in the first half of 2018, three industry sources said on Tuesday.
ADNOC to sell at least 10% of fuel distribution business in IPO
ABU DHABI/DUBAI (Reuters) — Abu Dhabi National Oil Company (ADNOC) aims to sell at least 10% of its fuel distribution unit in an initial public offering in Abu Dhabi, as Gulf states step up plans to privatize energy assets in an era of cheap crude.
Sri Lanka gets 40,000 t of petrol from UAE amid fuel shortage
COLOMBO (Reuters) — Sri Lanka was set to receive a 40,000-t petrol shipment from the United Arab Emirates early on Thursday to help plug a fuel shortage triggered by panic buying, officials said, and India assured further help to its neighbor if needed.
Honda at fault in complaint over Pakistan gasoline, oil companies say
ISLAMABAD (Reuters) — A body representing oil companies in Pakistan said Honda Motor Co, which has blamed local gasoline companies for damage to engines in one of its vehicle models, appears to know the engines are incompatible with Pakistani fuel standards and need to be calibrated.
Sri Lanka fuel shortage to end on Nov. 9
COLOMBO (Reuters) — Sri Lanka's fuel shortage will end on Nov. 9, Petroleum Minister Arjuna Ranatunga said on Monday, as state-run oil retailer Ceylon Petroleum Corporation (CPC) and Lanka IOC traded blame charges over the shortage.
Ethanol-based fuel becomes top-selling petrol in France
PARIS (Reuters) — Gasoline containing up to 10% of ethanol has become the top-selling petrol in France, its largest market in the European Union, helped by a tax break that made the crop-based fuel more attractive to drivers, French ethanol producers said on Tuesday.
Honda says fuel from Shell, Total, PSO harms engines in Pakistan
ISLAMABAD (Reuters) — Pakistan's state oil and gas regulator said on Thursday it would investigate a complaint that fuel suppliers including local units of Shell and Total as well as Pakistan State Oil (PSO) had added manganese to their gasoline.
Industry Metrics
The global middle distillate market continued to improve on healthy demand and depleted stocks amid regional maintenance, while the bottom of the barrel saw pressure due to low demand and high inventory levels in Asia and Europe.
EIA: US gasoline demand hits record high in August
NEW YORK (Reuters) — US gasoline demand hit a record in August, delivering a strong end to the summer driving season, according to data released on Tuesday by the US Energy Information Administration.
Egypt gasoline consumption fell 4.2% in July–Sept
CAIRO (Reuters) — Gasoline consumption in Egypt fell by 4.2% and diesel consumption by 7.1% in the first quarter of the 2017–2018 fiscal year, which began in July, the oil minister said.
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