Gasoline
Greece arrests member of gang that raked in $21 B from fuel-product smuggling
Greek authorities have arrested a senior member of an international gang that smuggled Latin American fuel products for illegal sale around the world, raking in an estimated profit of more than $21 B.
An innovative process for simultaneously producing high-purity benzene and U.S.-grade gasoline from FCC C6 heartcut
Mobile Source Air Toxics (MSAT) II regulations restrict the average benzene level in gasoline sold in the U.S. to 0.62 vol%. In India and in several other countries, benzene in gasoline is presently restricted to 1 vol%. Fluid catalytic cracking (FCC) gasoline contributes to nearly 10%–20% of the gasoline pool in a typical refinery.
More than 20% of global oil refining capacity at risk, analysis finds
More than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie found in analysis published, as gasoline margins weaken and the pressure to reduce carbon emissions mounts.
Russian domestic fuel supply up in March
The Russian energy ministry said that domestic gasoline and diesel daily supplies have increased by 13,000 metric tons and 15,500 tons respectively in March so far from February.
PetroChina's 2023 net income up 8.3% on strong fuel, gas sales
PetroChina's net profit rose 8.3% last year off record levels in 2022, as strong growth in natural gas sales and its marketing segment offset lower realized oil prices.
U.S. eases tailpipe rules, slows EV transition through 2030
The Biden administration slashed its target for U.S. electric vehicle adoption from 67% by 2032 to as little as 35% after industry and autoworker backlash in the political battleground state of Michigan.
U.S. crude and gasoline stockpiles fall as refining ramps up
U.S. crude oil stockpiles fell unexpectedly last week as exports rose and refiners continued to increase activity, while gasoline inventories decreased more than expected.
Colombia cops seize 7.3-MM gallons of crude in raids on illegal refineries
Colombian police have seized more than seven million gallons of crude oil in raids on illegal refineries, in an operation targeting production of bootleg fuel in Norte de Santander province.
Belgian government delays export fuel quality legislation
The Belgian government could pass its proposed legislation to tighten the quality of exported fuels as late as June now, missing its previous target of the second half of March 2024.
Evonik expands sustainable catalyst offerings with new product Octamax
Evonik has launched a highly sustainable new catalyst product, Octamax, that improves sulfur removal performance for refinery fuel.
- KBR's phenol technology selected by SABIC Fujian Petrochemicals 4/25
- Honeywell Technology helping to produce SAF with lower cost and waste 4/25
- Nigeria's NNPC partners local firm on new 100,000 bpd refinery 4/25
- Stranded cargo shows credit challenges at Nigeria's Dangote refinery 4/25
- Low U.S. distillate consumption reflects slow economic activity and biofuel substitution 4/25
- Clariant catalysts reduce customers’ footprints by 40 million tons of CO2e in 2023 4/25