Gasoline
US Gulf gasoline falls as Motiva restarts FCC unit
Traders and brokers noted that aside from planned or unplanned work, refiners are making fuels despite a sharp drop in margins from a year ago, when crude prices were higher.
Couche-Tard acquires Shell’s downstream retail business in Denmark
The transaction between Shell and Couche-Tard has received the appropriate regulatory approvals, and all final closing requirements have been completed.
Industry Metrics
US refinery margins recovered as product markets were supported by strong domestic gasoline demand and temporarily tight sentiment fueled by the switch to summer-grade gasoline.
Rare gasoline cargo heads from China to US
Asian gasoline stocks have risen sharply in recent months as traders and refiners betting on strong summer demand for the road fuel in China and other countries ramped up imports and production.
UAE to raise gasoline, diesel costs in May
The price of a liter of octane 95 gasoline will rise to 1.67 dirhams (46 US cents) at the start of next month from 1.51 dirhams. The domestic diesel price will increase to 1.60 dirhams from 1.56 dirhams.
Oil hits 2016 high as US gasoline margins soar
Crude markets got off to a rousing start in the New York session as gasoline futures and gasoline refinery margins both surged from refinery outages, Venezuela buying and a reported drop in inventories.
Brazilian fuel sales show year-on-year decline
C-grade gasoline sales rose to 23,440 bbl from 21,400 bbl in March 2015, while diesel sales fell to 29,840 bbl in March from 31,540 bbl a year earlier, according to petroleum regulator ANP.
Refinery outages, stock draw boost US gasoline
Traders said the rise, which spread throughout the oil complex, stemmed largely from a report by energy intelligence firm Genscape of a 600,000-bbl draw in East Coast gasoline stocks last week.
Looming gasoline glut threatens global recovery in crude oil prices
Several major gasoline importing countries have started to export, as excess supplies of fuels overflow storage facilities and erode refinery profits.
Bulgaria continues raids in fuel pricing probe
Bulgarians complain of high fuel costs despite a plunge in global oil prices and a call by Prime Minister Boiko Borisov for the competition authority to speed up its market investigation.
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