Diesel

Nigeria's NNPC says it will end monopoly on petrol supplies

Nigeria's state owned oil company NNPC will soon end its monopoly on petrol supplies, its chief executive told local television, a day after it nearly tripled prices at its fuel stations countrywide.

Neste to use lower-emission marine fuel in two vessels transporting renewable diesel to Sweden

Nigerians rush to buy fuel to beat impending price hikes

Long fuel queues returned to Nigeria's cities as motorists rushed to fill their tanks while some retailers hiked prices amid uncertainty on the timing of the removal of a fuel subsidy that new President Bola Tinubu said would be scrapped.

Nigeria to triple petrol prices after president says subsidy to end

Nigeria's state oil firm NNPC Ltd is proposing hiking petrol prices to as high as 557 naira ($1.21) per liter from 189 naira, according to a circular it sent to fuel stations.

Saudi diesel imports from Russia, exports to Singapore hit records

Leading crude exporter Saudi Arabia is maximizing refining profits by importing unprecedented amounts of cheap Russian diesel and in turn shipping record volumes to Singapore, where the fuel can achieve higher margins, shiptracking data shows.

China's fuel oil imports soar as inspections curb bitumen blend intake

China's independent oil refiners are ramping up fuel oil imports to process into gasoline and diesel amid robust refining margins as ongoing cargo inspections at refining hub Shandong have cut off supplies of lower-priced feedstock bitumen blend.

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.