Gasoline
Florida braces for second fuel supply hit as Hurricane Irma approaches
(Reuters) — Fuel distributors and traders in Florida braced for a second supply shock as Hurricane Irma barreled toward the state on the heels of disruptions from Hurricane Harvey in Texas.
Shell opens first Mexico gas station, eyes up to $1 B investment
MEXICO CITY (Reuters) — Anglo-Dutch oil major Royal Dutch Shell opened its first gas station in Mexico on Tuesday, adding to a growing list of foreign-branded pumps in a market still dominated by the green-colored outlets of state-owned company Pemex.
Colonial Pipeline says Line 2 pipeline restarted
NEW YORK (Reuters) — Colonial Pipeline Co on Monday said it restarted one of its fuel lines shut because of Hurricane Harvey, with another line scheduled to restart on Tuesday.
EIA: Storm Harvey adds uncertainty to gas prices for Labor Day weekend
Hurricane Harvey has created considerable uncertainty for gasoline supply and prices, as the area affected by the hurricane is home to much of the nation's petroleum infrastructure. On Aug. 28, the US average retail gasoline price was $2.40/gal, the second-lowest price on the Monday before Labor Day since 2004. However, prices on that date do not yet reflect the full effects of Hurricane Harvey.
Storm Harvey opens up rare jet fuel exports from Europe to US
LONDON (Reuters) — Traders are shipping jet fuel from Europe to the United States, where Tropical Storm Harvey has sparked concern over possible shortages of the aviation fuel.
Latin America looks to Venezuelan fuel cargoes as Harvey swamps US
HOUSTON (Reuters) — After Hurricane Harvey roared into Texas, flooding oil refineries and crippling ports along US Gulf Coast, Latin American countries scouring the globe for other sources of fuel are zeroing in on a flotilla waiting to unload off the coast of Venezuela.
Retail US gasoline prices surge as Harvey keeps refiners shut
HOUSTON/NEW YORK (Reuters) — Retail US gasoline prices hit two-year highs and global shipping routes were scrambled as the nation's largest refiners remained shut on Friday, even as Storm Harvey lost strength.
China's July gasoline exports rose to third-highest level since 2000
BEIJING (Reuters) — China's gasoline exports in July rose 5.9% from a year ago to the third-highest monthly level since at least 2000 while diesel exports remained high, customs data showed on Wednesday.
Kazakhstan may lift ban on gasoline, diesel fuel exports in January
ASTANA (Reuters) — Kazakhstan may lift a ban on the export of gasoline and diesel fuel a year earlier than planned to help local refineries increase profits after spending heavily on equipment upgrades, Energy Minister Kanat Bozumbayev said on Monday.
Pin Oak Terminals opens multi-product liquid marine terminal
Pin Oak Terminals, LLC opened the new multi-product liquid marine terminal at Pin Oak’s site in Mt. Airy, Louisiana. This is following key investment from Mercuria Energy Group Ltd. in the previous months.
- 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
