Refining

EIA: U.S. jet fuel production rises after prices doubled in March

Higher crude oil prices and supply concerns, particularly in Europe and Asia, which previously imported much of their jet fuel supply from the Persian Gulf, have driven up jet fuel prices.

Chinese refiners delay projects with Middle East oil supply disrupted

The delays come as the Iran conflict has crunched refiners' margins, with the Middle East oil supply disruption driving up crude prices, while they face state fuel price caps. At the same time fuel demand has weakened due to electric vehicle growth.

India launches gasoline blended with 85% ethanol at lower price

Indian automakers have started launching flex-fuel vehicles that are compatible with the higher ethanol variant.

U.S. oil exports surge, draining domestic crude inventories toward rock bottom

Cushing is among the largest oil storage hubs in the world. Oil levels in its tanks have fallen rapidly since the war began and Iran effectively closed tanker traffic through the Strait of Hormuz.

Indian companies willing to deepen presence in Venezuela

New Delhi was the second-largest importer of Venezuelan oil in May, with purchases of 427,000 bpd.

Japan steps up efforts on cooking oil in race for sustainable aviation fuel

The flurry to collect cooking oil highlights the challenge for the aviation industry, one of the biggest emitters of greenhouse gas, in trying to reduce its carbon footprint.

Indian refiner Nayara says Vadinar refinery turnaround completed

Nayara's Vadinar refinery accounts for about 8% of India's total refining capacity and approximately 7% of its retail fuel network.

South Korea jet fuel exports rebound in May to pre-war levels

The rebound from one of Asia's top fuel exporters, seen in a slew of spot cargo sales, has helped ease concerns about tight supply and done much to cool prices in the region.

Repsol begins large-scale production of 100% renewable fuels in Puertollano

Raizen to sell Argentina downstream business to Mercuria for $1.42 billion