Gasoline
Venezuela implements most significant gasoline price hike since 1989
The price hike, which translated to 1,329% for 91-octane-rated gasoline and 6,086% for 95-octane, still left fuel as one of the cheapest buys in the country.
Venezuela to raise fuel prices amid economic crisis
The first fuel price hike in nearly 20 years will boost the cost of gasoline by at least 1,329%. But fuel is still so heavily subsidized that filling a small car will still not cost more than half the price of a soft drink.
Thai refinery to use Axens’ reforming technology
For this specific project, detailed studies demonstrated that Axens’ technology solution was the most economically attractive option for a given reformate RON target.
Libya seizes foreign tanker, alleges fuel smuggling
The vessel, the Captain Khayyam, was stopped in Libyan waters on Friday night 25 miles northwest of Zuwarah city, and was carrying 1.6 million liters of gasoline.
US refiners eye gasoline demand after winter lull
The biggest question facing refiners as well as traders is whether gasoline consumption will continue to grow rapidly in the rest of 2016 or show more modest gains.
Oil, gasoline prices fall as US cuts demand outlook
Prices were under pressure throughout the session, but hit intraday lows after the US Energy Information Administration (EIA) lowered its oil demand growth forecast for the next two years.
US gasoline, distillate fuel inventories rise: EIA
Gasoline stocks rose 1.3 million bbl to a new record high of 255.7 million bbl, compared with analysts' expectations for a 417,000-bbl gain. Distillate stockpiles, which include diesel and heating oil, rose by 1.3 million bbl, versus expectations for a 1.6 million bbl drop, the EIA data showed.
US gasoline costs fall to lowest levels since 2009
The latest price was 37 cents lower than a year ago as competitive pressures prompted refineries to drop wholesale gasoline prices amid weak oil prices, Lundberg said.
Argentina hikes ethanol blending rate in gasoline
Officials said that the latest ethanol measure would likely become effective from March or April. The ultimate aim was to raise the required blend of ethanol in gasoline to 15%.
Global fuel demand growth slows as 2016 begins
The US transportation sector continues to send mixed signals about the strength of fuel demand at the end of 2015 and heading into 2016.
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- 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
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- Russia and India sign deal to build urea plant in Russia 12/5
