China raises 1st batch of 2018 oil product export quotas by 30%

SINGAPORE (Reuters) — China raised refined products export quotas to its four state oil majors by 30 percent in the first batch of allowances for 2018, a document reviewed by Reuters showed on Thursday.

Hanwa and Integr8 Fuels added to Platts' Asia bunker MOC process

SINGAPORE (Reuters) — S&P Global Platts added Hanwa Singapore Pte Ltd and Integr8 Fuels Inc last week to its Asia Market On Close (MOC) assessment process for Singapore physical bunkers, the company said in a note seen on Wednesday.

Chinese customs seizes $13 MM worth of smuggled fuel

BEIJING (Reuters) — Chinese customs in Nanjing city has seized 12 Mt of smuggled fuel worth $12.98 MM, state news agency Xinhua reported on Monday.

US renewable fuel credits pressured by biodiesel tax credit optimism

CHICAGO (Reuters) — US renewable fuel credits remained under pressure on Thursday as expectations mounted that lawmakers may soon renew a $1/gal rebate for biodiesel blenders that could curb worries over tight supplies in the thinly-traded market.

Nigeria's state oil firm more than doubles fuel supply amid run on petrol

ABUJA (Reuters) — Nigeria's state oil firm said on Thursday it has more than doubled the daily supply of fuel for motorists to 80 MM liters, amid a run on petrol that has seen queues lasting hours at filling stations around the country.

TransMontaigne Partners acquires two refined product, crude oil terminals

DENVER — TransMontaigne Partners L.P. announced that it has completed the previously announced acquisition of the Martinez Terminal and Richmond Terminal from an affiliate of Plains All American Pipeline, L.P.

Nigeria's rush for petrol could save Europe's sagging margins

LONDON (Reuters) — Nigeria's rush to keep its citizens supplied with fuel is expected to boost purchases of European gasoline in December, offering a potential respite to European refineries and storage terminals threatened by an oversupply that has battered margins.

EIA: US biodiesel production still increasing despite expiration of tax credit

Through the first nine months of 2017, US biodiesel production levels were slightly higher than 2016 levels, despite the expiration of a federal biodiesel blender's tax credit at the end of 2016.

Tankers gather off PDVSA ports amid delays exporting fuel oil

HOUSTON (Reuters) — An accumulation of tankers waiting to load around Venezuelan ports has grown in recent days as state-run oil company PDVSA struggles to deliver fuel oil for exports, according to traders and Reuters vessel tracking data.

Fuel shippers seek US review of 'excessive' Colonial Pipeline rates

NEW YORK (Reuters) — Oil major Chevron, leading refiner Valero and Delta Air Lines have complained to the US energy watchdog about fees Colonial Pipeline charges to ship gasoline, diesel and jet fuel over its fuel network, the country's largest.