Pakistan oil and gas regulator says 50% of fuel tankers fail safety standards

ISLAMABAD (Reuters) — Pakistan's oil and gas regulator said on Thursday that nearly 50% of fuel tankers in the country do not meet safety requirements, a day after the tanker association ended a strike protesting the enactment of stricter safety standards.

Shell sees oil demand peaking by late 2020s as electric car sales grow

LONDON (Reuters) — The world's oil consumption could peak as early as the end of the next decade as electric vehicles become more popular, Royal Dutch Shell Chief Executive Ben van Beurden said on Thursday.

Tesoro to sign agreement to supply transportation fuels in Mexico

SAN ANTONIO, TEXAS — Tesoro Corporation, to become Andeavor on Aug. 1, 2017, announced it has reached a definitive agreement that will enable the company to supply transportation fuels and launch the ARCO brand in the states of Sonora and Baja California, Mexico.

Sri Lanka deploys military to maintain fuel supplies after strike

COLOMBO (Reuters) — Sri Lanka deployed its military on Wednesday to help distribute fuel after tens of thousands of employees of the state-run firm that controls the bulk of supplies in the island nation went on strike, officials said.

Electric cars win? Britain to ban new petrol and diesel cars from 2040

LONDON (Reuters) — Britain will ban the sale of new petrol and diesel cars from 2040 in an attempt to reduce air pollution that could herald the end of over a century of popular use of the fossil fuel-guzzling internal combustion engine.

Pakistan fuel tanker owners end strike, bringing halt to panic buying

KARACHI/ISLAMABAD (Reuters) — Owners of Pakistani fuel tankers ended their protest strike on its third day on Wednesday, dispelling fears of a fuel shortage that had prompted long queues of panicked fuel buyers at petrol stations countrywide.

Vietnam's fuel imports may drop as Dung Quat oil refinery tax cut finally felt

SINGAPORE/HANOI (Reuters) — Vietnam's fuel imports may drop as the effects of a tax cut on sales of gasoline and diesel fuel from the country's Dung Quat oil refinery start to be felt as earlier term contracts expire.

Tesoro fuel transport via Pemex lines in Mexico could begin in Sept

MEXICO CITY (Reuters) — US refiner Tesoro Corp could begin transporting gasoline and diesel through the pipeline network owned by Mexico's national oil company Pemex in September, an executive with the Mexican firm said on Wednesday.

French court repeals law on regulated gas prices

PARIS (Reuters) — France's highest administrative court on Wednesday repealed a law on regulated gas prices, which covers about half of France's retail customers and 11% of professional users, saying it hurt competition and was against European Union regulations.

North Korea fuel prices surge after China cuts oil sales

SEOUL (Reuters) — Gasoline and diesel prices surged in North Korea in the weeks after a Chinese state oil company suspended fuel sales to the reclusive state, according to data reviewed by Reuters and an interview with a North Korean defector.