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Gasoline

Global gasoline refining margins slump on slow summer driving season

Oil refiners are making less money selling their gasoline as demand during the peak summer driving season has fallen short of what they expected when many of them boosted production.

Cerilon GTL advances engineering work, with FID scheduled for mid-2026

Cerilon announced today that it has successfully completed front-end-loading (FEL 2) for its gas-to-liquids (GTL) facility in North Dakota and is moving into front-end engineering design (FEED), the last stage before the company makes a final investment decision (FID) for its foundational GTL project.

India's May fuel use inches up on month on strong industrial activity

India's fuel consumption edged higher in May from the previous month, as strong industrial activity and general elections boosted fuel demand in Asia's third-largest economy.

China's May crude oil imports fall 8.7% on weak refining margins

China's crude oil imports fell 8.7% in May from a year earlier as refiners scaled back purchases amid heavy plant overhauls, subdued profit margins and weak demand for refined oil products.

Consortia target Citgo's Texas refinery as auction deadline looms

Citgo Petroleum's smallest and least profitable oil refinery has been thrust into the spotlight as a potential breakout candidate ahead of next week's court auction to pay over $20 B in Venezuela-related claims.

Taiwan's Formosa plans June run cuts due to weak refining margins

Due to weak margins, Taiwan's Formosa Petrochemical Corp plans to cut run rates at its crude distillation units by 40,000 barrels per day (bpd) to 440,000 bpd in June.

Verde Clean Fuels awards gas-to-gasoline FEED contract to Chemex Global

The proposed project aims to utilize Verde Clean Fuels’ proprietary STG+ process to convert natural gas from Diamondback Energy’s Permian Basin operations into gasoline.

Weak U.S. gasoline demand compounds pressure on oil ahead of OPEC+ meet

The U.S. gasoline market is flashing signs of weakness at the start of summer driving season, a time it generally picks up strongly, and analysts say this clouds the picture for oil demand ahead of the OPEC+ group policy meeting that kicked off this weekend.

Singapore middle distillates stocks slip on rising jet fuel/kerosene exports

Singapore's middle distillates inventories fell by more than 100,000 bbls in the week ended May 29 amid higher net jet fuel/kerosene exports, though diesel/gasoil net exports declined.

Oil prices ease on US gasoline demand worries, economic data

Oil prices eased about 1% on worries over weak U.S. gasoline demand and economic data that could cause the U.S. Federal Reserve to keep interest rates higher for longer.