Diesel

Phillips 66 announces agreement to divest majority interest in Germany and Austria retail marketing business

Phillips 66 announced that its subsidiary, Phillips 66 Continental Holding GmbH, has entered into a definitive agreement to divest a 65 percent interest in its Germany and Austria retail marketing business, including JET-branded sites, to a consortium owned by subsidiaries of investment firms Energy Equation Partners and Stonepeak.

Asia's refined fuel imports drop, but margins still hold

Asia's imports of key refined fuels such as gasoline and diesel fell to the lowest in four years in April, driven by a combination of refinery maintenance and weaker demand in the top-importing region.

Russian seaborne diesel exports fell in April

Russia's seaborne diesel and gasoil exports fell in April as refineries carried out seasonal maintenance and the industry held back some supplies for expected domestic demand growth over the summer months.

EIA: U.S. crude stocks rise with bigger imports, fuel inventories fall

U.S. crude stocks rose as the nation imported more oil, while gasoline and distillate inventories fell last week ahead of summer driving season.

Chevron attempting to restart El Segundo, California refinery after taking units offline last week

Mexico's Pemex plans to export less crude oil as new refinery starts up

The trading arm of Mexico's state company Pemex, PMI, is anticipating a reduction in crude oil exports this year as more will be sent to local refineries, especially the new Olmeca refinery.

India's April diesel exports likely hit lowest level in over a decade

India's diesel exports likely hit their lowest level in over a decade in April as major exporter Reliance cut refining output for maintenance at a time when domestic demand was robust.

Sunoco to acquire Parkland in $9-B deal as Americas fuel market consolidates

Sunoco will buy Canada-based Parkland in a deal valued at about $9.1 billion, including debt in a move the companies said would create the largest independent fuel distributor in the Americas.

Hydrocarbon value chain optimization: Non-CAPEX opportunities to improve gross margins for the downstream sector—Part 2

Part 2 will outline additional opportunities across quality giveaway reduction, hydrocarbon loss measurement, refinery mass balance and energy management in downstream functions without the need for capital expenditure (CAPEX) or software infrastructure upgrades.

Repsol surpasses 1,000 service stations with 100% renewable Nexa Diesel

The multi-energy company's goal is to end the year with 1,500 service stations offering this fuel in the Iberian Peninsula.