Business Trends: Preparing for a sea change in global refining

Follette, C., Ruiz-Cabrero, J., Boston Consulting Group

The global oil refining industry has been buffeted by many events in recent years.

Global: Russia’s plan to dominate fuel supply to Asia

Gerden, E., Contributing Writer

Russia hopes to become a major supplier of gasoline, diesel fuel and other oil products to the Asia-Pacific region during the next several years, with help from the planned launch of large-scale refineries in the Far East that will be built with the participation of Asian investors.

EIA: US gasoline demand hits record high in August

NEW YORK (Reuters) — US gasoline demand hit a record in August, delivering a strong end to the summer driving season, according to data released on Tuesday by the US Energy Information Administration.

Egypt gasoline consumption fell 4.2% in July–Sept

CAIRO (Reuters) — Gasoline consumption in Egypt fell by 4.2% and diesel consumption by 7.1% in the first quarter of the 2017–2018 fiscal year, which began in July, the oil minister said.

Russia's Surgutneftegaz offers up to 3.1 MMt of diesel from Primorsk

MOSCOW (Reuters) — Russia’s Surgutneftegaz is offering up to 3.1 MMt of ultra-low sulfur diesel at a tender for delivery in January-June 2018 from the Baltic Sea port of Primorsk, industry sources told Reuters on Tuesday.

Explorer fuel pipeline at reduced rates until at least mid-week

NEW YORK (Reuters) — Explorer Pipeline Co, which hauls fuel from the Gulf Coast to the US Midwest, said on Monday it will continue to operate at reduced rates until permanent repairs are complete on its line from Houston to Glenpool, Oklahoma.

South Africa's petrol, diesel prices to increase in November

JOHANNESBURG (Reuters) — The retail price of petrol and the wholesale price of diesel in South Africa will increase from Wednesday due to a weakening of the rand against the dollar, the energy department said on Sunday.

Green groups pressure automakers on US fuel efficiency rules

WASHINGTON (Reuters) — The Sierra Club, Greenpeace USA and Public Citizen and other environmental and consumer advocacy groups plan to turn up the pressure on Wednesday in their campaign to stop automakers from lobbying the Trump administration to weaken fuel efficiency requirements.

Tide of diesel from the East imperils Europe's rally

LONDON (Reuters) — A recent rally in European diesel prices could be jeopardized by rising inventories in November as a raft of tankers sets sail from the East, reversing two months of stock declines following Hurricane Harvey.

Italy breaks up Libyan fuel smuggling ring involving mafia

ROME (Reuters) — Sicilian police on Wednesday sought the arrest of nine people, including a suspected mobster, for running a Libyan fuel-smuggling ring in which at least $35 MM of diesel was sold in gas stations in Italy and Europe.