Diesel
Diesel exports from US Gulf fall sharply in 2016
Diesel exports from the US Gulf Coast face growing competition from Asia and the Middle East, where huge new refineries such as Reliance's Jamnagar and Saudi Arabia's SATORP started exporting large volumes to Europe last year.
Cheap gas slashes US coal-by-rail traffic, lowers demand for diesel
This is reducing the number of railcars moving across the tracks and the railroad companies' purchases of diesel, leaving diesel stocks at a seasonal record.
Industry Metrics
US product markets weakened despite strong domestic gasoline demand.
Nigerian leader criticizes state petroleum minister over fuel shortages
An economic crisis caused by low oil prices has created shortages because fuel importers cannot get the dollars needed to buy petrol and the state oil firm has not been able to sign agreements quickly enough to exchange crude oil for gasoline.
High gasoline demand leaves US refiners with surplus of distillates
To meet gasoline demand from motorists, refiners have to process increased volumes of crude, leaving them with unwanted stocks of hard-to-sell distillates and other products.
China’s middle distillate exports set for sharp rise
It would certainly appear that the conditions for a sharp rise in exports of gasoil, the refinery term for middle distillate fuels diesel and kerosene, are in place.
US gasoline, distillate stocks fall as run rates rise
Refinery crude runs rose by 414,000 bpd and refinery utilization rates rose 2 percentage points to 90.4% of total capacity, the highest rate seasonally since 2005.
Indonesia considers removing diesel subsidies in revised 2016 budget
The administration removed gasoline subsidies at the start of 2015, but kept subsidising diesel fuel. It reallocated the money to infrastructure expenditure.
EU clears Statoil to buy Shell’s Danish fuels unit
The European Commission had been concerned that the deal could have led to Danish consumers paying more for their fuel, diesel, gasoline and light heating oil.
Britain sees first sustained improvement in fuel consumption since 2007
More traffic is resulting in the first sustained increase in fuel consumption since 2007, a development welcomed by refiners and retailers but which complicates the government's climate plans.
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