Diesel
ITOCHU to become an official distributor of Neste MY Renewable Diesel in Japan
Neste and ITOCHU have agreed to extend their collaboration with a licensing agreement allowing ITOCHU to become an official distributor of Neste MY Renewable Diesel in Japan.
Nigeria commissions Dangote refinery, seeks to end fuel imports
Nigeria commissioned Dangote Refinery amid hopes of transforming the country into a net exporter of petroleum products, but analysts said securing crude supplies could affect it achieving full production this year.
Turkey and ship-to-ship top destinations for Russian May diesel loadings-traders
Turkey and ship-to-ship loadings remained the top destination for Russian diesel exports in May, while total shipments in May are set to fall because of seasonal refinery maintenance and rising domestic demand, traders said.
U.S. refiners build new oil processing as travel rises
U.S. oil refiners aim to run at up to 94% of a total 17.9 million bpd processing capacity this quarter, according to company forecasts and analysts, driven in part by expectations of seasonal travel demand.
New fuel policy in Brazil to ease prices at the pump, space out adjustments
Brazilian state oil company Petrobras approved a new fuel pricing policy for gasoline and diesel that will sharply lower costs for motorists, it announced, ditching a more market-based policy in favor of greater flexibility to smooth price swings.
Reliance courts Indian diesel market with cheaper supply
India's Reliance Industries Ltd has turned its sights on the domestic market, offering a high-performance diesel at a lower price than fuel sold by state-owned retailers, the operator of the world's biggest refining complex said.
China cuts second batch of 2023 fuel export quotas
China has decreased its second batch of export quota volumes for refined oil products, consultancies and trader sources said, focusing on local demand during the refinery overhaul season and boosting domestic sales amid poor export margins.
Neste and PetroCard partner to expand access to renewable diesel in the Pacific Northwest
As part of its commitment to help businesses and cities reduce greenhouse gas emissions from the transportation sector effectively, Neste today announced a new partnership with PetroCard to grow the accessibility of Neste MY Renewable Diesel in the Pacific Northwest region of the United States.
Russia starts diesel exports to Chile
Russia has started diesel exports to Chile, expanding its oil products supplies to Latin America after a European Union embargo forced traders to find new outlets.
More Iranian fuel being smuggled to Pakistan, petroleum dealers say
Petroleum dealers have flagged a surge in the smuggling of Iranian fuel to Pakistan, saying that up to 35% of diesel sold in the South Asian country has arrived illegally from Iran.
- 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
