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.
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.
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.
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.
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.
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.
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.
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.