Hydrocarbon Processing Russia may reinstate gasoline export ban from August if shortages worsen Russia might decide to reinstate a gasoline export ban from August should there be supply shortages on the domestic fuel market. India eyes energy deals with Rosneft, other Russian companies India wants to strengthen its energy ties with Russia and could seek deals with Rosneft and other leading Russian oil firms as part of a broader push to boost bilateral trade. Brazil's Petrobras ups gasoline prices 7%, first hike under new CEO Brazilian state-run oil company Petrobras announced its first gasoline price hike in almost a year, and also hiked the price of gas used for cooking and heating. Nigeria's NNPC seeks new oil-backed loan to boost finances, debt to gasoline suppliers has doubled Nigeria's NNPC is in talks for another oil-backed loan to boost its finances and allow investment in its business, its chief executive said, as pressure mounts on the state-backed oil company the economy depends upon. India's June fuel demand edges up 2.6% India's fuel consumption rose by 2.6% year-on-year to 19.99 metric MMt in June from a year earlier. Africa could compete in fuel exports, but massive investments are needed Africa could become a refined fuel exporter, with at least two top-notch refineries due to come on stream within the next five years, but it must overcome its dire infrastructure and a funding crunch. U.S. awards contracts for 1 MMbbls of gasoline sale to five firms The U.S. Department of Energy said that five companies including British oil giant bp and Swiss commodity trader Vitol have been awarded contracts for the sale of 1 MMbbls of gasoline from the U.S.-managed stockpile in northeastern states. As Nigeria's gasoline debt hits $6 B, some traders back out Nigeria's debt to gasoline suppliers has surpassed $6 billion - doubling since early April - as state oil firm NNPC struggles to cover the gap between fixed pump prices and international fuel costs. EIA: U.S. crude stocks, gasoline and distillate inventories fall U.S. crude stocks, gasoline and distillate inventories fell in the week ending June 28, the U.S. Energy Information Administration (EIA) said on Wednesday. EIA: Increasing U.S. gasoline inventories are reducing gasoline prices Weekly U.S. average gasoline prices have declined $0.19/gallon (gal) since the 2024 high on April 22, falling to $3.48/gal on July 1, $0.05/gal less than the price a year ago. Increasing gasoline inventories, relatively weak demand and oil prices below recent peaks are all contributing to falling gasoline prices, according to the U.S. Energy Information Administration (EIA).