US gasoline margins hit 1-year low on oversupply fears

NEW YORK (Reuters) -- US gasoline margins fell by more than 11% early on Friday, hitting one-year lows as record inventories and signs of weakening demand dampen expectations and upend trade flows.

Fuel sales in Brazil fell 4.5% in 2016

RIO DE JANEIRO (Reuters) -- Brazilian fuel sales fell to 135 billion liters in 2016, down 4.5% compared to the previous year, led by a sharp drop in sales of hydrate ethanol, national oil agency ANP said on Thursday.

EIA: US crude and gasoline stockpiles hit record highs

(Reuters) -- US crude oil and gasoline inventories soared to record highs last week as refineries cut output and gasoline demand softened, the Energy Information Administration said on Wednesday.

Field narrows in bidding for Italy's TotalErg petrol stations

MILAN/LONDON (Reuters) -- The field of prospective bidders for the Italian petrol station network belonging to Total and Italian energy group Erg has narrowed, leaving only a handful of interested parties undertaking due diligence checks on the business, sources familiar with the matter said.

BP to fuel McLaren F1 team after ExxonMobil split

LONDON (Reuters) -- BP and its Castrol brand will supply the McLaren Formula One team with fuel and lubricants this season in addition to rivals Renault.

Auto CEOs want Trump to order review of 2025 fuel rules

WASHINGTON (Reuters) -- The chief executives of 18 major automakers and their US units urged President Donald Trump to revisit a decision by the Obama administration to lock in vehicle fuel efficiency rules through 2025.

Gasoline sails away from American drivers as East Coast stocks swell

LONDON/NEW YORK (Reuters) -- Traders are preparing to export cargoes of coveted gasoline from the US East Coast after months of heavy importing and local production swamped the region.

US gasoline tax hike may dent fuel demand in oversupplied market

NEW YORK (Reuters) -- A potential increase in gasoline taxes in several US states could put a dent in demand at the pumps and mark another setback for a market already flooded with excess fuel.

DCC to buy ExxonMobil's Norwegian retail petrol station network

(Reuters) -- London-listed DCC Plc said it would buy the retail petrol station network of ExxonMobil's Norwegian unit, Esso Norge AS, for $293.38 million.

US refiners face weakening demand at pump for first time in 5 years

NEW YORK (Reuters) -- US refiners are facing the prospects of weakening gasoline demand for the first time in five years, stoking fears that earnings this year may be even worse than the dismal performances seen in 2016.