Environment & Safety Gas Processing/LNG Maintenance & Reliability Petrochemicals Process Control Process Optimization Project Management Refining

Gasoline

Oil prices rise as Russia fuel export ban stokes supply concerns

Oil prices rose as renewed global supply concerns from Russia's fuel export ban counteracted fears that slowing economies and high interest rates could crimp demand.

China climate envoy says phasing out fossil fuels 'unrealistic'

The complete phasing-out of fossil fuels is not realistic, China's top climate official said, adding that these climate-warming fuels must continue to play a vital role in maintaining global energy security.

Russia's gasoline prices on exchange down almost 10% after export ban

Russian wholesale gasoline Ai-92 grade prices fell by 9.7% to $582 per metric ton, according to exchange data, following a government ban on fuel exports.

Russia cuts September seaborne diesel exports to meet domestic shortage

Russia cut its seaborne diesel and gasoil exports by nearly 30% to about 1.7 million metric tons in the first 20 days of September from the same time in August, as local refineries went into seasonal maintenance and the domestic market faces a fuel shortage and rising prices.

Russia imposes temporary restrictions on fuel exports

Russia has introduced temporary restrictions on exports of gasoline and diesel in order to stabilize the domestic market.

Dutch firms get up to $49 B annually in fossil fuel subsidies

Industrial companies in the Netherlands get $42-49 B in tax breaks and subsidies annually for using fossil fuels, the Dutch government said in a report aimed at spurring international debate on such subsidies.

Britain delays ban on new petrol and diesel cars to 2035

Britain will push back a ban on new petrol and diesel cars and vans to 2035 from 2030, Prime Minister Rishi Sunak said, adding that the cars would still be available to buy on the secondhand market thereafter

China's fuel oil imports ease for second straight month in August

China's fuel oil imports retreated for a second consecutive month in August, data from the General Administration of Customs showed.

France to let fuel retailers sell below cost in inflation fight

The French government plans to temporarily lift a ban on retailers selling road fuel below cost as part of efforts to stem inflationary pressures on households.

Pakistan raises petrol, diesel prices by record amount

Pakistan announced a record rise in petrol and diesel prices, the second big increase in two weeks for the South Asian nation that is already struggling with high inflation.