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Gasoline

Japan set to extend fuel, power subsidies to March 2026

Japan's government is set to decide to extend gasoline, natural gas and power subsidies to the end of March that were set to expire at the end of 2023.

Russia will never be seen as reliable energy supplier, U.S. energy official says

U.S. Assistant Secretary for Energy Resources Geoffrey Pyatt said Russia would never again be viewed as a reliable energy supplier, a day after Washington imposed fresh sanctions on Moscow because of its war in Ukraine.

Sinopec seeks rare quota swap to export more diesel, gasoline and jet fuel

China's Sinopec Corp has applied to the government to swap some of its marine fuel export quotas for allowances to export light products such as diesel, jet fuel or gasoline.

Russia's September seaborne oil product exports down vs August

Russia's seaborne oil product exports fell 2.5% in September from August to 9.456 Mmt due to seasonal maintenance of refineries and a fuel export ban late in the month.

Nigeria's NNPC now sole petrol importer

Nigeria's national oil firm NNPC Ltd has again become the sole importer of petrol because licensed local private firms are unable to obtain foreign currency four months after imports were opened up to private players.

India's September fuel demand slips 2% month-on-month

India's fuel consumption dropped 2% month-on-month in September, data from the Petroleum Planning and Analysis Cell of the oil ministry showed.

OPEC leaders make case for fossil fuels at Riyadh climate event

OPEC heavyweights said oil and gas should not be stigmatized in the climate debate and that the industry had a role to play in an orderly energy transition.

Russia keeps ban on gasoline exports and cross-border sales of diesel by railway

Russia's ban on gasoline exports and cross-border sales of diesel by railway remains in place.

Putin orders regulated prices for fuel oil, Russia's export ban stays

Russian President Vladimir Putin has ordered the government to provide state funds to ensure a smooth heating season, including the introduction of regulated prices for fuel oil supplied for household heating in some regions.

Russia declines to say how long fuel export ban will last

Russia is setting no time frame for the fuel export ban it introduced last month, and it will remain in place as long as necessary to stabilize prices and address shortages on the domestic market.