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Gasoline

OPEC says IEA estimate of peak fossil fuel demand by 2030 not 'fact-based'

The Organization of the Petroleum Exporting Countries said data-based forecasts do not support the International Energy Agency's projection that demand for fossil fuels would peak in 2030.

Putin says government did not act in time on high fuel prices

Russian President Vladimir Putin said in comments about high domestic fuel prices that the government had failed to react in time to the rising price of oil on global markets.

Europe set for light autumn refinery maintenance as fuel markets tighten

European oil refiners are set to have an autumn maintenance season less busy than usual as they try to capture higher profit margins amid low fuel inventories and robust demand for gasoline and diesel.

India makes clean energy push at G20 with global biofuel alliance

India announced the launch of a global biofuel alliance at a G20 summit in New Delhi to boost the use of cleaner fuels.

Marathon's Galveston Bay, Texas FCC remains shut

The gasoline-producing FCC at Marathon Petroleum's 593,000 bpd Galveston Bay Refinery in Texas City, Texas, remained shut.

Singapore turns net importer of gasoil this week; distillates stocks at 5 month high

Singapore's middle distillates stocks climbed to near five-month highs after official data showed the country flipped to becoming a net importer of gasoil for the week and as jet fuel/kerosene net exports fell.

Stellantis sees long road ahead for internal combustion engine cars

Carmaker Stellantis believes internal combustion engine vehicles could be on the road until 2050, making it necessary to contain their carbon emissions until they're finally replaced by fully electric ones.

African Finance Corporation remains committed to fossil fuel investments

The African Finance Corporation, which is owned by Nigeria's central bank and other African financial institutions, has no intention of backing away from fossil fuel investments.

U.S. airlines flag high fuel costs, Southwest's August bookings disappoint

Southwest Airlines flagged softer August leisure bookings and joined two other U.S. airlines in warning of higher fuel costs in the third quarter due to a jump in crude prices.

Russian farm minister says fuel shortages threaten harvest and sowing

Russian Agriculture Minister Dmitry Patrushev said that fuel shortages threaten to disrupt autumn harvesting and sowing and urged a suspension of petroleum product exports, Interfax news agency reported.