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Gasoline

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.

Global distillate stocks low despite industrial slowdown

Global distillate fuel oil cracks have strengthened slightly over the last month as inventories have not risen as much as expected given the scale of the manufacturing and freight downturn across the major economies.

Fuel subsidy removal to save Nigeria 'from going under', president says

Nigeria's new President Bola Tinubu said his decision to remove a popular petrol subsidy would impose an extra burden on citizens but this would free up money for education, regular power supply, transport infrastructure and healthcare.

Poland to take 2035 fossil fuel car ban to top EU court

Poland will appeal against European Union rules to end the sale of fossil fuel cars across the bloc from 2035 to the top EU court within days.

New York lawmakers weigh clean fuel standard as legislative session ends

New York lawmakers are considering legislation that would create the first market for low-carbon fuels on the U.S. East Coast in order to help the state reach its decarbonization goals.

India's May fuel consumption soars on robust manufacturing

India's fuel consumption surged in May with diesel sales scaling a record high, buoyed by strong factory activity in the third-largest oil consumer in the world.

Nigeria's main labor union to strike over tripling of fuel prices

Nigeria's main labor union said it plans to go on strike from Wednesday to protest against a tripling of fuel prices in the country after new president Bola Tinubu scrapped a costly subsidy.