Fuel Oil
Brazil's Petrobras ups gasoline prices 7%, first hike under new CEO
Brazilian state-run oil company Petrobras announced its first gasoline price hike in almost a year, and also hiked the price of gas used for cooking and heating.
New fuel restrictions for ships in Arctic fall short, green groups say
Ships sailing through Arctic waters will no longer be able to use or carry heavy bunker fuel oil under a United Nations shipping agency regulation that took effect on Monday.
Egypt needs to import $1.18 B in fuel, natural gas to end power cuts
Egypt needs to import around $1.18 B worth of mazut fuel oil and natural gas to end persistent power cuts exacerbated by consecutive heat waves.
A multi-objective optimization study for an integrated oil refinery-petrochemical plant—Part 2
In this research, the integration of an oil refinery and an ethylene-producing facility was examined using a mixed-integer nonlinear programming model that prioritized maximizing ethylene and propylene production and net profit.
India's May fuel use inches up on month on strong industrial activity
India's fuel consumption edged higher in May from the previous month, as strong industrial activity and general elections boosted fuel demand in Asia's third-largest economy.
Singapore's middle distillates stocks edge up as net exports dip
Singapore's middle distillates stockpiles edged up 0.4% this week, tracking lower net exports of diesel/gasoil and jet fuel/kerosene and continuing imports from key regions such as China, India and Saudi Arabia.
Asia high-sulfur fuel oil market to take a breather in strong rally
A rally in Asia's high-sulfur fuel oil (HSFO) market, boosted by lower Middle East exports and OPEC+ cuts, is expected to take a breather as Russian exports remain elevated and will ease tight supply.
Taiwan's Formosa plans June run cuts due to weak refining margins
Due to weak margins, Taiwan's Formosa Petrochemical Corp plans to cut run rates at its crude distillation units by 40,000 barrels per day (bpd) to 440,000 bpd in June.
Singapore middle distillates stocks slip on rising jet fuel/kerosene exports
Singapore's middle distillates inventories fell by more than 100,000 bbls in the week ended May 29 amid higher net jet fuel/kerosene exports, though diesel/gasoil net exports declined.
Indian refiner-Reliance-to buy Russian oil in roubles
India's Reliance Industries Ltd., operator of the world's biggest refining complex, has signed a 1-yr deal with Russia's Rosneft to buy at least 3 MMbbls of oil/month in roubles.
- Britain will not bail out bioethanol industry hit by Trump trade deal 8/15
- Russian energy facilities targeted recently in drone attacks 8/15
- Shell: Norco, Louisiana (U.S.) refinery gasoline unit work to start on Friday 8/15
- Sanctions-hit Indian refiner Nayara in talks with govt to sustain operations 8/15
- The API challenges Trump plan to cut biofuel import credits 8/15
- IAG selects record 29 startups for accelerator program 8/15
