Gasoline
Gunvor Singapore executive charged by Chinese prosecutors in oil probe
BEIJING/LONDON (Reuters) — Chinese prosecutors have charged an employee of Swiss commodity trader Gunvor Group who has been held for a year for allegedly smuggling fuel and evading taxes on sales from the Philippines, according to a legal document viewed by Reuters.
Vitol, Gunvor eye Mozambique fuel distributor privatization
MAPUTO (Reuters) — Global oil traders Vitol and Gunvor are interested in buying Mozambique's struggling state-owned fuel distributor Petromac, local media reported on Wednesday.
EIA: As US airlines carry more passengers, jet fuel use remains well below its previous peak
The amount of jet fuel consumed by US airlines increased in both 2015 and 2016, although jet fuel use in 2016 remained 11% lower than its level a decade ago. Jet fuel use was lower despite the fact that the number of passengers traveling on US carriers in 2016 was 7% higher than in 2007.
Industry Metrics
US gasoline demand increased with the shift to summer fuels and higher export opportunities to Latin America.
PKN ORLEN opens to a new model of urban mobility
PKN ORLEN has got involved in car-sharing services by becoming the strategic fuel partner for Traficar. As part of this cooperation, in the cities where the service is available, customers will be able to leave or rent a car at selected PKN ORLEN service stations.
EIA: Gas prices ahead of Memorial Day higher than 2016, but 2nd lowest since 2009
Gasoline prices heading into Memorial Day weekend average $2.40/gal nationally, up from last year's price of $2.30/gal. Despite the year-over-year increase, 2017 marks the second-lowest price ahead of the Memorial Day weekend since 2009, when the national average price of retail regular gasoline was $2.31/gal.
Nigeria seen missing July target to buy cleaner fuel
LONDON (Reuters) — Nigeria's state-run oil company will keep buying cheaper, lower-quality gasoline for now because the government has yet to circulate new rules forcing a switch by July to cleaner fuels with less sulfur content, trading sources said on Tuesday.
EIA: Fuel economy improvements are projected to reduce future gasoline use
Anticipated changes in energy consumption by light-duty vehicles in the United States are based on two factors: the amount of travel and the fuel economy of the vehicles used. The Annual Energy Outlook 2017 Reference case projects a decline in light-duty vehicle energy use between 2018 and 2040 as improvements in fuel economy more than offset increases in light-duty vehicle miles.
Equatorial Guinea, Arabian Energy enter agreement for African oil terminal
MALABO, Equatorial Guinea -- Following the signing of an agreement between the Government of Equatorial Guinea and Arabian Energy DMCC to work together on the Bioko Oil Terminal in Saudi Arabia, the realization of the petroleum tank farm gained some important momentum.
US gasoline demand weak but expected to strengthen this summer
(Reuters) -- US gasoline demand has been weaker than expected this year, but a growing economy and relatively cheap pump prices have the energy industry expecting record demand again this summer driving season, which should help drain the global oil glut.
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