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Fuel Oil

India's January fuel demand drops to 3-month low

India's January fuel consumption hit its lowest monthly level since October, but was up 3.2% year-on-year at 20.49 MM tonnes, oil ministry data showed on Friday.

Ukrainian drones hit big Russian oil refinery at Ryazan

Ukrainian drones hit a Russian oil refinery in the city of Ryazan overnight, causing a fire and damaging equipment at one of Russia's biggest refineries.

Asia's fuel oil premiums more than double as Russian sanctions spark supply risks

Spot premiums of fuel oil have more than doubled in Asia ever since the U.S. imposed broader sanctions on Russian oil and tankers, clouding the supply outlook.

China's 2024 low-sulfur marine fuel exports dip 1.6% vs. 2023

China's exports of low-sulfur marine fuels dipped 1.6% in 2024 from the previous year. The decline in exports emerged despite an uptick in refueling demand at key bunker ports globally, as China cut export quotas in its final batch of the year.

EIA: U.S. crude stocks fall, gasoline and distillate inventories rise

U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday.

U.S. Gulf Coast fuel oil imports hit record low as Latin America deliveries slow

Fuel oil deliveries into America's largest refining hub on the U.S. Gulf Coast fell to a record low in December, according to data from ship tracker Kpler, as Latin American supplies dried up.

Comstock Fuels, Emerging Fuels Technology to advance SAF, other renewable fuel yields

Comstock Inc. has announced that its wholly-owned subsidiary, Comstock IP Holdings LLC, has executed a technology cooperation agreement (TCA) with Oklahoma (U.S.)-based Emerging Fuels Technology Inc. (EFT).

px Group awarded O&M contract for Atlantic Fuel Supply Company in Ireland

Following a competitive tender process, px Group, the Teesside, England-based infrastructure solutions business, has been awarded an operations and maintenance contract by Atlantic Fuel Supply Co. (AFSC) at its fuel terminal in Foynes, Ireland, due to the company’s experience and approach to safety standards.

Cuba's electric grid collapses after oil-fired power plant failure, millions without light

Cuba's national electrical system collapsed early on Wednesday morning after the country's largest power plant failed, the government said, the latest of several such failures as the island's grid falls into disarray amid fuel shortages, natural disaster and economic crisis.

Fuel oil smuggling network rakes in $1 B for Iran and its proxies

A sophisticated fuel oil smuggling network that some experts believe generates at least $1 B a year for Iran and its proxies has flourished in Iraq since Prime Minister Mohammed Shia al-Sudani took office in 2022.