Diesel
US distillate fuel inventories post surprisingly huge drawdown
"Distillates are the standout bullish element of the report, and gasoline is the disappointment," said Matt Smith, commodity research director at energy data provider ClipperData.
IEA warns of crumbling global diesel demand
"Global gasoil demand crumbles," the Western energy watchdog said in its benchmark monthly report. Gasoil includes several different grades of fuel, but diesel is the most important.
Bulgaria’s anti-monopoly group raids fuel sellers
The competition authority launched a full investigation after an analysis of the EU country's fuel sector between 2013 and 2015. It found that the retail price policies of the seven companies were very similar and too slow to reflect falls in wholesale and production prices.
Global diesel glut looms as refiners hike rates to meet gasoline demand
Oil refiners are shifting into high gear to provide as much gasoline as possible for fuel-hungry drivers, and that could lead to a growing diesel glut further down the road.
Nigeria secures $200MM from oil majors to help pay for fuel imports
Africa's top producer, which needs to import most of its fuel needs, suffers from hard currency shortages due to a slump in oil revenues. For weeks, motorists have been queuing at petrol stations.
UK’s Coryton fuel terminal opens as glut grows
The terminal is due to be filled to its current capacity of 176,000 cubic meters with fuel, predominantly to serve the London region and southeast England, Thames Oilport said in a statement.
Magellan, TransMontaigne mull new Texas refined products pipeline
The potential project would include construction of an approximately 150-mile, 16-inch diameter pipeline capable of transporting 150,000 bpd of gasoline, diesel fuel, propane and condensate from Magellan’s terminal in Corpus Christi, Texas, to TransMontaigne’s terminal in Brownsville, Texas.
US reports monthly decline in demand for gasoline, distillates
Total US oil demand dropped from a year earlier, as demand for gasoline and distillate products weakened, according to new data from the Energy Information Administration.
Diesel exports from US Gulf fall sharply in 2016
Diesel exports from the US Gulf Coast face growing competition from Asia and the Middle East, where huge new refineries such as Reliance's Jamnagar and Saudi Arabia's SATORP started exporting large volumes to Europe last year.
Cheap gas slashes US coal-by-rail traffic, lowers demand for diesel
This is reducing the number of railcars moving across the tracks and the railroad companies' purchases of diesel, leaving diesel stocks at a seasonal record.
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