Diesel
Caught between riots and debt crises, African countries cut fuel subsidies
Senegal, like Nigeria and Angola, is removing costly fossil fuel subsidies – a move once considered politically unthinkable but which has become a necessity due to crushing debt, a spike in borrowing costs and high fuel prices.
Russia's seaborne diesel exports rise in June as maintenance eases
Russia's seaborne diesel and gasoil exports in June rose by 13% from a month earlier to about 3.6 million tons as seasonal refineries maintenance eased, data from traders showed.
Mexico's Pemex motor fuel production dipped last month
Motor fuel production from Mexico's state-owned oil company Pemex dipped last month, company data showed, falling short of ambitious government refining targets meant to wean the country off its long-standing dependence on foreign supplies.
Russia faces no domestic gasoline shortage with exports down
Russia's energy ministry said it sees no shortage of gasoline in the domestic market, with companies having cut their exports and increased production after gradually completing planned maintenance work.
Pertamina plans to start making bioethanol from sugarcane, cassava
Indonesian state energy company PT Pertamina plans to begin producing bioethanol from sugarcane and cassava this year, its CEO told a conference.
Indonesia plans to hike biodiesel mandate in next few years
Indonesia plans to raise its mandatory palm oil-based biodiesel blending to 40% in the next few years, but for now will keep it unchanged at 35%, the country's energy minister said.
Renewables growth did not dent fossil fuel dominance in 2022
Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry's Statistical Review of World Energy report said.
Nigeria's NNPC spends $2.41 B on petrol subsidy
Nigeria's petrol subsidy cost state oil firm NNPC Ltd $2.41 B in the five months through May before the program was scrapped, a report showed.
Turkey stays top destination for Russian June diesel loadings
Turkey will again be the top destination for Russian diesel exports in June, while total shipments are set to rise after seasonal refinery maintenance, traders said.
China's May fuel oil imports ease after hitting highest in a decade
China's fuel oil imports dipped in May after hitting a decade-high in April, while exports of low-sulfur marine fuels rose, General Administration of Customs data showed.
- Shell to exit South Africa's downstream businesses 5/6
- Hygenco plans green ammonia project at Tata Steel industrial park 5/6
- ADNOC terminates talks to buy stake in Brazil's Braskem 5/6
- Iraq increases domestic refining capacity by 360,000 bpd within the past year 5/6
- UAE's Mubadala Capital plans $13.5-B biofuels investment in Brazil 5/6
- Liquid Wind's second eFuel facility granted environmental permit 5/6
