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Iran Revolutionary Guards seize two vessels smuggling 4.5 million liters of fuel

Iran's Revolutionary Guards' Navy have seized two vessels smuggling 4.5 million liters of fuel.

OPEC head accuses IEA of vilifying fossil fuel industry

OPEC Secretary General Haitham Al Ghais accused the International Energy Agency of vilifying the oil and gas industry, in the latest clash between the groups over climate policy.

China oil demand growth poised to slow to around 4% in H1 2024

China's oil demand growth likely to ease in H1 2024 to around 4% with resurgent consumption from the aviation and petrochemical sectors offset by weaker diesel usage.

US court rejects EPA's decision to withhold small refinery biofuel waivers

A U.S. appeals court on Wednesday struck down the Biden administration's decision to deny small refiners "hardship waivers" that exempt them from nation's biofuel mandates, in a win for the refining industry.

U.S. gasoline prices decline amid lower gasoline demand and falling crude oil prices

The retail price of regular gasoline averaged $3.29/gal across the U.S., 10% less than the same time last year.

China October gasoline exports fall 20% on year, diesel shipments up

China's gasoline exports fell 20% in October from a year earlier, as domestic road travel surged during the Golden Week holiday. Jet fuel demand increased, as well.

Industry Primer: What is OPEC+ and how does it impact oil prices?

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, are known as OPEC+ and will meet in Vienna, Austria, on Nov. 26 to discuss their joint output policy.

Russia lifts gasoline export ban - energy ministry

Russia has lifted restrictions on gasoline exports, the energy ministry said, after scrapping most restrictions on exports of diesel last month, saying there was a surplus of supply while wholesale prices had declined.

Singapore October bunker fuel sales hit 3-month high

Singapore's marine fuel sales, also known as bunker sales, rose to a three-month high in October as both vessel calls and container throughput grew.

Russian diesel and gasoline export ban to be lifted next week

Russian fuel producers have been told by the government to prepare for the scrapping of all remaining restrictions on the export of diesel and gasoline.