Diesel
Singapore's largest data center to use Neste renewable diesel to power generators
Neste has helped ST Telemedia Global Data Centres (STT GDC) to become the first data center operator in Singapore to power its backup generators with renewable diesel.
Refiner Neste warns of weaker biofuel outlook, shares drop
Finnish refiner Neste on Wednesday cut the margin outlook for its biofuel business for the third time this year due to falling prices and also lowered its expected sales volumes, sending the company's share price down 10%.
Emissions-free truck prices need to drop by 50% to compete with diesel, study says
Prices of emissions-free trucks need to fall by as much as half to make them an affordable alternative to diesel models, a study by consultancy firm McKinsey published on Wednesday said, a necessary step to help achieve European Union climate targets.
U.S. Gulf Coast-bound fuel oil cargoes hit 5-yr low as refinery demand weakens
Fuel oil exports bound for the U.S. Gulf Coast slumped to their lowest level since January 2019 last month, a sign of weakened refinery demand as margins have softened.
Colombia's diesel price hike leads to trucker strike and unrest
Colombia's decision to reverse a diesel price hike that sparked a strike by truckers could adversely affect public finances, as majority state-owned energy company Ecopetrol said it would begin shutting off some operations amid the unrest.
Fire at Moscow refinery will not cause fuel shortages, minister says
A recent fire, caused by a drone strike, at a major Moscow refinery will not lead to fuel shortages in the region as production from other refineries would compensate for the temporary disruption.
Asia refining margins at lowest seasonal levels since 2020 as supplies grow
Asian refiners' margins slumped to their lowest seasonal levels since 2020 this week as supplies of diesel and gasoline rose after peak summer travel demand ended
India's Bharat Petroleum Corp. to boost integrated refining-petrochemical capacity by 2030
India's Bharat Petroleum Corp plans to increase its integrated refining and petrochemical capacities within the next 5 yr-7yr to meet growing energy demand. India's annual consumption of refined fuels and petrochemicals is expected to rise steadily by 4%-5% and 7%-8% in the 'foreseeable future'.
U.S. EPA extends emergency fuel waiver for Midwest states due to refinery outage
The U.S. Environmental Protection Agency extended the emergency waiver for the second time in response to fuel shortages in four Midwest states where the gasoline supply has been impacted by the outage of ExxonMobil's 251,800-bpd refinery in Joliet, Illinois.
Russian diesel output set to fall 7.5% m/m to 7 MM tonnes in August
Production of diesel in Russia could decline by around 7.5% in August from July to 7.1 metric MMt due to outages and maintenance work at refineries.
- Mitsubishi to buy low-carbon ammonia from ExxonMobil's hydrogen facility in Texas (U.S.) 9/13
- Gevo to acquire Red Trail energy assets in North Dakota (U.S.) 9/13
- Russia's idle oil refining capacity in September seen up 34% vs August 9/13
- Louisiana (U.S.) oil refineries start recovering from Hurricane Francine 9/13
- Moscow Oil Refinery resumes operations at drone-hit unit 9/13
- Chemicals maker Dow lowers 3Q revenue forecast on partial outage at Texas plant 9/13
