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Gasoline

Sweden to cut biofuel additives in gasoline and diesel

Sweden's minority coalition has agreed to lower the amount of biofuel mixed in diesel and gasoline, a move it says will cut prices for cash-strapped drivers, but which climate groups say will increase C02 emissions.

How will China's clampdown on mislabeled cargoes affect sanctioned oil?

Chinese customs authorities are stepping up inspection checks on cargoes of heavy crude oil after uncovering several Iranian shipments that were mislabeled as diluted bitumen in an effort to bypass import quotas.

Kazakhstan to ban oil products supplies via rail to Russian port of Taman

Kazakhstan Railways will ban transportation of oil products to the Russian Black Sea port of Taman in 2023, according to a document from the state-owned railway operator.

Phillips 66 beats profit estimates as refining margins soar

U.S. refiner Phillips 66 beat Wall Street estimate for first-quarter profit, joining rivals in gaining from elevated margins on sustained fuel demand amid tight crude supplies.

India state retailers gasoil sales rose in April

Indian state fuel retailers' gasoil sales rose in April from the previous month, preliminary sales data showed, indicating a pick up in economic activity.

India cuts windfall tax on petroleum crude

India has cut the windfall tax on petroleum crude to ₹4,100 per ton from ₹6,400 per ton.

US April oil exports top forecasts on Chinese demand

US crude oil exports rose more-than-expected last month, building on a record 4.5 million bpd in March, as Chinese refiners snapped up cargoes to meet rising fuel demand.

Australia's Ampol first-quarter refining margins jump on solid fuel sales

Australia's Ampol Ltd on Thursday reported a 40.7% expansion in refining margins at its Lytton refinery in Queensland, powered by higher prices for refined products such as petrol and diesel with continued strong performance across all segments.

China May Day tourists to stoke gasoline and jet fuel use

Freed from the most onerous of their COVID restrictions, China's tourists are set to boost the country's gasoline and jet fuel consumption next month as travelers for the May Day holiday take to the skies and hit the road.

US EPA to allow summer sales of gasoline with higher blend of ethanol

U.S. regulators are poised to allow summer sales of gasoline with a higher blend of ethanol adding that an emergency waiver would be issued later.