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Gasoline

ADNOC finalizes 2018 gasoil, jet fuel term with at least 1 buyer

SINGAPORE (Reuters) — Abu Dhabi National Oil Company (ADNOC) has finalized its 2018 gasoil and jet fuel supply term contracts with at least one buyer, five traders that participate in the market said on Wednesday.

ICRC buying fuel to pump clean water in Yemen as "last resort"

GENEVA (Reuters) — The International Committee of the Red Cross (ICRC) said on Wednesday it was making a "stop-gap" purchase of fuel so as to provide clean water to one million people in the Yemeni cities of Hodeidah and Taiz for one month.

EIA: US average gasoline prices this Thanksgiving higher than previous 2 yr

Heading into the Thanksgiving holiday weekend, US retail regular-grade gasoline averaged $2.57/gal, up 41 cents/gal from the same time last year. Although gasoline prices are higher than in both 2015 and 2016, the Thanksgiving 2017 gasoline price is still the third-lowest since 2008.

Mobil to restore Lyttelton terminal fuel storage capacity

Mobil Oil New Zealand Limited (Mobil) announced plans to improve fuel supply capacity for the South Island with the construction of two tanks at its fuel terminal in Lyttelton.

Singapore charges defunct marine fuel supplier, staff for cheating

SINGAPORE (Reuters) — A Singapore marine fuel supplier and three executives have been charged with cheating as part of a government crackdown on short deliveries of fuel to vessels in the world’s largest bunkering hub.

IMO: Ships will be "unseaworthy" if miss sulfur emission rule

LONDON (Reuters) — Ships which do not meet cuts to the amount of sulfur they can burn in their engines risk being declared "unseaworthy," the International Maritime Organization (IMO) said on Thursday.

EIA: US Crude oil, gasoline stocks up unexpectedly in latest week

(Reuters) — US crude oil and gasoline inventories grew unexpectedly last week as crude production and refining output rose, the Energy Information Administration said on Wednesday.

Mexico's energy chief says plan coming to 'soften' retail fuel increases

HOUSTON (Reuters) — Mexico's finance ministry is looking at ways to "soften" the price impact of gasoline market liberalization next year, Energy Minister Pedro Joaquin Coldwell said on Tuesday following a meeting of North American energy ministers in Houston.

China's crude oil processing runs in October rise to 2nd highest on record

BEIJING (Reuters) — China’s refiners raised crude oil processing runs to near record monthly levels in October as refining margins jumped after the country’s state planner hiked prices for gasoline and diesel at the pump.

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.