Diesel
Brazil sees ethanol, diesel sales plunge from 2015; gasoline drops less
Diesel sales fell 6.6% in the two first months of the year versus similar period in 2015, reflecting reduced economic activity as Brazil faces its worst recession in decades.
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.
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