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Gasoline

Mexico seeks more 2025 fuel import deals after refinery delays

Mexico is seeking to import more motor fuel for next year than it had previously planned, to compensate for delays in the startup of its new Olmeca refinery.

U.S. crude stocks fall, gasoline and distillate inventories rise

U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending July 12.

Russia may reinstate gasoline export ban from August if shortages worsen

Russia might decide to reinstate a gasoline export ban from August should there be supply shortages on the domestic fuel market.

India eyes energy deals with Rosneft, other Russian companies

India wants to strengthen its energy ties with Russia and could seek deals with Rosneft and other leading Russian oil firms as part of a broader push to boost bilateral trade.

Brazil's Petrobras ups gasoline prices 7%, first hike under new CEO

Brazilian state-run oil company Petrobras announced its first gasoline price hike in almost a year, and also hiked the price of gas used for cooking and heating.

Nigeria's NNPC seeks new oil-backed loan to boost finances, debt to gasoline suppliers has doubled

Nigeria's NNPC is in talks for another oil-backed loan to boost its finances and allow investment in its business, its chief executive said, as pressure mounts on the state-backed oil company the economy depends upon.

India's June fuel demand edges up 2.6%

India's fuel consumption rose by 2.6% year-on-year to 19.99 metric MMt in June from a year earlier.

Africa could compete in fuel exports, but massive investments are needed

Africa could become a refined fuel exporter, with at least two top-notch refineries due to come on stream within the next five years, but it must overcome its dire infrastructure and a funding crunch.

U.S. awards contracts for 1 MMbbls of gasoline sale to five firms

The U.S. Department of Energy said that five companies including British oil giant bp and Swiss commodity trader Vitol have been awarded contracts for the sale of 1 MMbbls of gasoline from the U.S.-managed stockpile in northeastern states.

As Nigeria's gasoline debt hits $6 B, some traders back out

Nigeria's debt to gasoline suppliers has surpassed $6 billion - doubling since early April - as state oil firm NNPC struggles to cover the gap between fixed pump prices and international fuel costs.