Diesel
Asia refining margins at lowest seasonal levels since 2020 as supplies grow
Asian refiners' margins slumped to their lowest seasonal levels since 2020 this week as supplies of diesel and gasoline rose after peak summer travel demand ended
India's Bharat Petroleum Corp. to boost integrated refining-petrochemical capacity by 2030
India's Bharat Petroleum Corp plans to increase its integrated refining and petrochemical capacities within the next 5 yr-7yr to meet growing energy demand. India's annual consumption of refined fuels and petrochemicals is expected to rise steadily by 4%-5% and 7%-8% in the 'foreseeable future'.
U.S. EPA extends emergency fuel waiver for Midwest states due to refinery outage
The U.S. Environmental Protection Agency extended the emergency waiver for the second time in response to fuel shortages in four Midwest states where the gasoline supply has been impacted by the outage of ExxonMobil's 251,800-bpd refinery in Joliet, Illinois.
Russian diesel output set to fall 7.5% m/m to 7 MM tonnes in August
Production of diesel in Russia could decline by around 7.5% in August from July to 7.1 metric MMt due to outages and maintenance work at refineries.
Asia 10-ppm gasoil refining margins near 18-month low on clouded outlook
Asia's 10-ppm sulfur gasoil refining margins have slumped to a near 18-month low amid mixed market outlooks as well as softer ICE gasoil futures and prompt paper swaps.
Mexico's new Pemex refinery processes 65,000 bpd of crude in July but no gasoline
Mexican state oil firm Pemex's newest refinery processed some 65,046 bpd of crude oil in July, its first month of operations after multiple delays, and just over 30,000 bpd of diesel and coke.
Viking Energy becomes the world's first ammonia-powered platform supply vessel
Shipowner Eidesvik Offshore and partners will make “Viking Energy” the world’s first ammonia-powered platform supply vessel. In 2026, the vessel will operate on ammonia for Equinor, reducing GHG emissions by 70% or more.
PetroChina posts record interim profit, but fuel sales decline
China's largest oil and gas company PetroChina's first-half net income hit a new high, up 3.9% compared with a year ago, as higher oil and gas prices outweighed the impact of reduced refining profits.
Sinopec's H1 profit up on record output despite lower product demand
China's Sinopec posted a 2.6% rise in net profit for the first half of the year as record oil and gas output compensated for falling domestic demand for refined fuel and petrochemicals.
Russia uses vessels sanctioned by EU for fuel, diesel exports
Russia has started to use vessels sanctioned by the Europe Union (EU) for oil products exports.
- TA'ZIZ and Alpha Dhabi Holding agree to $10-B, 2.2-MMtpy of chemicals investments in the UAE 5/6
- Borouge to deliver first batch of cross-linkable polyethylene from new 100,000-tpy plant this quarter 5/6
- LyondellBasell completes sale of select European strategic assessment assets 5/6
- Australia commits $7 B to boost fuel stockpiles, create government reserve 5/6
- Israel to transfer jet fuel to Germany following Hormuz crisis 5/6
- Equinor: Iran war lifts Asia-Pacific interest for Norwegian petroleum products, LNG 5/6
