Gasoline
Petrobras will reduce fuel prices to offset increases in fuels taxes
Brazil's state-run oil giant Petrobras said it will reduce gasoline and diesel prices at its refineries from Wednesday, a move that will likely offset the resumption of federal taxes levied on fuels.
U.S. EPA's proposal would allow a higher ethanol blend in Midwest states
The U.S. Environmental Protection Agency proposed a rule that would allow sales of gasoline with a higher ethanol blend in certain U.S. Midwest states.
Colorado refinery outage causing increased fuels pricing
The only petroleum refinery in Colorado shut down in late December after sustaining damage from extremely cold weather, which may tighten gasoline and diesel fuel supplies in the region.
U.S. crude oil inventories rose as utilization drops
U.S. crude oil inventories rose for the ninth week in a row, surging to their most since May 2021, as refiners ran less oil during a strong maintenance season.
Kuwait to ramp up refined products exports from the 615,000-bpd Al Zour refinery
Kuwait is set to ramp up refined oil product exports from its new Al Zour refinery in the second half of 2023 to plug Russian shortfalls in Europe and meet growing demand in Asia and Africa.
China gasoline exports may hit 8-yr low in Feb on domestic demand recovery
China's February gasoline exports may fall a second straight month to hit their lowest in eight years as domestic consumption rebounds after the nation emerged from COVID lockdowns, likely buoying Asian refining margins.
EU diesel price cap to limit Moscow's choice of buyers, including Asia
A proposed EU price cap on Russian diesel may be high enough to allow Moscow to continue exporting the fuel, but in practice could deter big Asian buyers who have become used to buying cheap Russian crude to refine it themselves, analysts say.
API unveils plan to make, move and improve American energy
The American Petroleum Institute (API) President and CEO Mike Sommers today released a new report and outlined the policies needed to make, move and improve American energy and prioritize U.S. natural gas and oil.
Alcoa's Australia unit flags 30% production cut at alumina refinery
Aluminum producer Alcoa Corp said on Monday it expects production at its partially owned Kwinana alumina refinery in Western Australia to be cut by about 30% due to a shortage of gas supply.
Crude oil prices increased in first-half 2022 and declined in second-half 2022
In the first half of 2022, geopolitical tension with Russia, culminating with Russia’s full-scale invasion of Ukraine on February 24, contributed to crude oil price increases.
- 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
