Diesel
Indian Oil raises fuel costs to reflect global prices
India's three state-controlled oil companies, IOC, Bharat Petroleum and Hindustan Petroleum, tend to adjust retail prices of fuels in concert.
EIA: Gasoline, distillate stockpiles drop in US amid high demand for fuels
Gasoline demand over the past four weeks was up 6.4% from a year ago at 9.4 million bpd. Distillate stockpiles, which include diesel and heating oil, fell 1.1 million bbl, in line with expectations
AltAir selects UOP’s renewable jet fuel technology at California biorefinery
AltAir revamped portions of a petroleum refinery in Paramount, California, where it is now producing renewable transportation fuels for commercial and military use.
ExxonMobil to sell Canadian retail fuel network
The sales by ExxonMobil subsidiary Imperial Oil are anticipated to close by year-end 2016, subject to regulatory approvals. Proceeds from the transactions are valued at about C$2.8 billion.
US regulators eye increase to truck fuel efficiency
The decision by the US National Highway Traffic Safety Administration (NHTSA) and Environmental Protection Agency to consider additional public comments through April 1 comes amid a sharp slump in US large truck sales that has sparked thousands of layoffs.
Industry Metrics
Refinery margins weakened in the US due to lower winter demand.
US refiners lose control of distillate stockpiles
US refineries have operated to maximize gasoline production, but in the process created an enormous and growing oversupply of distillate.
China seeks urban ban on high-sulfur diesel sales
The tighter fuel standards are an attempt to tackle air pollution. Emissions from automobiles, especially from diesel-burning trucks, are one of the main contributors to the choking smog in China.
China’s emergence as diesel exporter dampens Asian refining margins
The surge in Chinese shipments has been felt the most in the diesel market, where benchmark Asian margins recently slumped to 6-year lows following an almost 80% jump in Chinese exports.
IHS CERAWeek: Mexico to expedite new rules enabling fuel imports
President Enrique Pena Nieto is pushing forward the gradual opening of the country's retail fuel sector, with private firms able to import gasoline and diesel beginning in April.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
