Gasoline
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.
Mexico's gasoline independence dream sinks in dirty fuel oil glut
Mexico's president took office in late 2018 pledging to boost local output of gasoline while phasing out imports, but so far state refineries have instead set a different course: bumper production of highly contaminating fuel oil.
Nigeria's NNPC says it will end monopoly on petrol supplies
Nigeria's state owned oil company NNPC will soon end its monopoly on petrol supplies, its chief executive told local television, a day after it nearly tripled prices at its fuel stations countrywide.
- UPM and BASF accelerate the transition to recyclable, fiber-based packaging 5/4
- Australia's Viva Energy expects to restart Geelong refinery units in June 5/4
- China's Commerce Ministry blocks U.S. sanctions against five refineries 5/4
- ADNOC launches Industrial Resilience Program at "Make it in the Emirates" to boost UAE industrial capacity and strengthen supply chains 5/4
- Iraq starts work on Basra-Haditha oil pipeline 5/4
- Record U.S. biofuel targets to test biodiesel industry after slow year 5/4
