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Low U.S. distillate consumption reflects slow economic activity and biofuel substitution

U.S. distillate consumption so far this year is lower than usual because of warm winter weather, reduced manufacturing activity, and continued substitution of biofuels in place of petroleum distillate on the U.S. West Coast.

Brazil's Timbro to export 40% more sugar, enter ethanol market in 2024

Brazilian international trade platform Timbro expects to increase its sugar exports by more than 40% in 2024 to 2 MMt, while also expanding operations to enter the ethanol market.

Crude and gasoline stocks fell, distillate stocks rose last week, EIA says

Crude inventories fell by 6.4-MM barrels to 453.6 MM barrels in the week ended April 19, the EIA said, compared with analysts' expectations in a poll for a 825,000-barrel rise.

JX to join forces with Sumitomo at large scale SAF/BECCS project in Louisiana (U.S.)

JX Nippon Oil & Gas Exploration Corporation and Sumitomo Corporation executed consortium agreements to manage investment in the Louisiana Green Fuels BECCS project  at Port of Columbia, Caldwell Parish, Louisiana (U.S.).

Haiti fuel terminal operations halted as gangs seize trucks

Operations at Haiti's main fuel import terminal were suspended as armed men seized trucks and demanded the port be shut down, according to a source with information on the matter, likely exacerbating existing fuel shortages.

IOCL selects Lummus' cumene technology

Lummus Technology announced IndianOil Corp. Ltd. selected the Lummus/Versalis cumene technology for a 440 KTA unit in Paradip, India.

Jet fuel demand growth lags as air traffic exceeds pre-pandemic level

Global flight activity passed pre-pandemic levels for the first time in four years last week, but jet fuel demand growth has not kept apace as newer fleets of aircrafts become more fuel efficient and carry more passengers.

Neste and New Jersey Natural Gas target reducing greenhouse gas emissions with Neste MY Renewable Diesel

Neste and New Jersey Natural Gas look to reduce greenhouse gas emissions with Neste MY Renewable Diesel.

U.S. EPA to announce temporary expanded sales of higher-ethanol gasoline blend

The U.S. Environmental Protection Agency announced plans to temporarily expand sales of higher-ethanol blends of gasoline this summer, a win for the corn ethanol industry that will likely see demand increase.

Elliott weighs Citgo bid as creditor group eyes Conoco for own offer

Hedge fund Elliott Investment Management is weighing a bid for shares in the parent of oil refiner Citgo Petroleum under a U.S. court-ordered auction, while a group of creditors represented by Centerview Partners aims to lure ConocoPhillips to join another offer.