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Gasoline

Pakistan fuel pump operator association calls national strike

Fuel pump operators across Pakistan are to hold a nationwide strike on July 22 in a bid to secure larger margins amid an inflation crisis.

Vietnam approves $11.4-B plan to expand fuel storage capacity by 2030

Vietnam has approved a plan to expand its national fuel storage capacity by 2030, with investment of up to $11.4 B.

Saudi Arabia and Turkey sign petroleum and petchem cooperation MoU

Saudi Arabia and Turkey have signed a memorandum of understanding to cooperate in the production, marketing and distribution of refined petroleum products and in petrochemicals production.

Russian sea-borne diesel exports show monthly growth of 11%

Russia's sea-borne diesel and gasoil exports rose by 11% to about 1.9 million tons in the first 17 days of July from the same period in June, as production grew after seasonal refinery maintenance, data from traders and Refinitiv Eikon showed.

China's June diesel exports fall to lowest level in over a year

China's diesel exports fell to the lowest level in more than a year in June as refiners curbed production in favor of more lucrative gasoline and aviation fuels. 

India's gasoline demand likely to recover from late August

India's gasoline demand will likely recover from late August, while diesel consumption is expected to stay weak, an official at refiner Hindustan Petroleum Corp Ltd said.

Turkey increases fuel tax as it bolsters stretched budget

Turkey raised tax on petrol to help to fund a $42.2-B increase to its 2023 budget after February's earthquakes and the May presidential election sent spending soaring.

Iraq-Iran gas-for-oil barter would likely violate U.S. sanctions

A barter of Iranian natural gas for Iraqi oil as described by the Iraqi prime minister this week would likely violate U.S. sanctions on Tehran unless the U.S. issued a waiver permitting it, three former U.S. officials said.

U.S. EPA denies nearly all biofuel blending exemption petitions

President Joe Biden's administration on Friday denied almost all outstanding petitions from oil refiners asking to be exempted from mandates that require them to mix biofuels into their fuel.

Singapore bunker sales slip in June; bio-blended sales rise in H1 2023

Monthly sales of marine fuel, also known as bunker fuel, fell to four-month lows in Singapore in June, though bio-blended bunker sales for the first half of 2023 have surpassed 2022 volumes, official data showed.