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Gasoline

Nigeria's NNPC spends $2.41 B on petrol subsidy

Nigeria's petrol subsidy cost state oil firm NNPC Ltd $2.41 B in the five months through May before the program was scrapped, a report showed.

U.S. crude inventories post surprise draw, fuel stocks rise

U.S. crude stocks fell while gasoline and distillate inventories rose, the Energy Information Administration said.

China's May fuel oil imports ease after hitting highest in a decade

China's fuel oil imports dipped in May after hitting a decade-high in April, while exports of low-sulfur marine fuels rose, General Administration of Customs data showed.

Canada retools inflation baskets, more focus on food, gas prices

Canada's national statistics agency revealed new weights for the basket of goods and services in its Consumer Price Index, giving more prominence to changes in the prices of food and gasoline.

India oil firms could consider cutting petrol, diesel prices in next quarter

Indian fuel retailers could consider cutting petrol and diesel prices in the next quarter if the global situation remains stable, its oil minister Hardeep Singh Puri told broadcaster NDTV.

Angola fuel hike protesters clash with police

Angolan police fired tear gas in the capital Luanda and other cities Benguela and Namibe as thousands of protesters took to the streets a week after clashes over a recent fuel hike killed at least five people.

Former F1 boss racing to create ‘guilt free’ fuel

Formula One is seen as one of the most gas guzzling of sports but one top engineer and former F1 team boss Paddy Lowe is seeking to change this with the launch of a so-called guilt-free synthetic fuel.

Russia can meet domestic gasoline demand, energy minister says

Russia's energy minister Nikolai Shulginov said that there was enough gasoline to meet Russian domestic demand, downplaying the possibility of restrictions on exporting the fuel.

Bunge boosts oilseed dominance, renewable diesel potential with Viterra deal

Bunge's planned acquisition of Viterra would make the world's biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, although it may face competition hurdles.

U.S. crude inventories post surprise large build, fuel stocks rise

U.S. crude oil stockpiles posted a surprise large build last week, while gasoline and distillate inventories gained more than expected.