WASHINGTON/CHICAGO (Reuters) — The US Commerce Department on Thursday said it set final anti-subsidy duties on biodiesel imports from Argentina and Indonesia, pushing soyoil futures to a two-month high even though the decision was expected.
COLOMBO (Reuters) — Sri Lanka was set to receive a 40,000-t petrol shipment from the United Arab Emirates early on Thursday to help plug a fuel shortage triggered by panic buying, officials said, and India assured further help to its neighbor if needed.
ISLAMABAD (Reuters) — A body representing oil companies in Pakistan said Honda Motor Co, which has blamed local gasoline companies for damage to engines in one of its vehicle models, appears to know the engines are incompatible with Pakistani fuel standards and need to be calibrated.
IRVING, Texas — Darling Ingredients Inc. and Valero Energy Corporation announced that in anticipation of growing demand for renewable diesel due to the Renewable Fuel Standard (RFS) and global low carbon markets, they will initiate an engineering and construction cost review to analyze an additional project growing annual production capacity to 550 MMgal at the Diamond Green Diesel (DGD) facility in Norco, LA.
COLOMBO (Reuters) — Sri Lanka's fuel shortage will end on Nov. 9, Petroleum Minister Arjuna Ranatunga said on Monday, as state-run oil retailer Ceylon Petroleum Corporation (CPC) and Lanka IOC traded blame charges over the shortage.
PARIS (Reuters) — Gasoline containing up to 10% of ethanol has become the top-selling petrol in France, its largest market in the European Union, helped by a tax break that made the crop-based fuel more attractive to drivers, French ethanol producers said on Tuesday.
SINGAPORE (Reuters) — Taiwan’s Formosa Petrochemical Corp has offered a total of 3.3 MMbbl of jet fuel and diesel for 2018 term contracts, tender documents showed on Monday.
ROME (Reuters) — Italian police said on Saturday they had seized more than 100 t of contraband diesel from a ship which set sail from Libya and arrested the captain for smuggling and money-laundering.
The global middle distillate market continued to improve on healthy demand and depleted stocks amid regional maintenance, while the bottom of the barrel saw pressure due to low demand and high inventory levels in Asia and Europe.
The global oil refining industry has been buffeted by many events in recent years.