Fuel Oil

U.S. Gulf Coast fuel oil imports hit 2.5-yr high amid Venezuelan, Russian sanctions

U.S. Gulf Coast refiners are ramping up fuel oil imports to fill a widening gap left by declining heavy crude supplies, particularly from U.S.-sanctioned Venezuela.

IRPC Rewind: ExxonMobil unveils liquid-phase isomerization advances for paraxylene production

At the IRPC in Houston, Texas, ExxonMobil presented breakthrough results in its liquid-phase isomerization (LPI) process, highlighting energy efficiency, improved yields and strong commercial performance.

Eni and five other oil companies fined by Italian competition watchdog

The regulator said that fines totaling more than €936 MM ($1.1 B) had been levied against Eni, Esso, Italiana Petroli (IP), Q8, Saras and Tamoil.

After sanctions, Indian oil refiner Nayara's exports find new markets

The privately-owned company halted exports for about two weeks after it was sanctioned by the European Union on July 18 for dealing in Russian oil.

U.S. total distillate inventories forecast to end 2025 and 2026 at multiyear lows

U.S. crude stockpiles rise as refineries begin maintenance

U.S. crude oil inventories rose last week as refineries headed into maintenance season, while gasoline stocks fell ahead of the long Labor Day weekend, data from the Energy Information Administration showed.

Yara Clean Ammonia boosts competitiveness with dual-fuel vessels

Yara Clean Ammonia (YCA) has signed a long-term shipping contract with Navigator Amon Shipping, securing access to two state-of-the-art vessels that will strengthen YCA’s position as a global leader in the low-emission ammonia market.

EIA: U.S. transportation fuel demand remains below pre-pandemic levels

Five years after the COVID-19 national emergency was declared, gasoline demand, distillate demand and jet fuel demand all remain less than pre-pandemic averages.

Saudi Arabia and India were biggest buyers of Russian fuel oil, VGO in July

Since the European Union's full embargo on Russian oil products took effect in February 2023, Middle Eastern and Asian countries have become the main destinations for Russia's fuel oil and VGO supplies.

U.S. crude oil and distillate inventories rise, gasoline stockpiles fall

U.S. crude inventories unexpectedly rose as imports increased, while gasoline stockpiles fell last week, the Energy Information Administration said.