Gasoil
China’s refined oil consumption peaked in 2023, CNPC says
China's refined oil consumption peaked in 2023 at 399 MM tonnes (t) (7.98 MMbpd) and is expected to fall 1.3% to 394 MMt in 2024, the CNPC Economics & Technology Research Institute said on Friday
Global diesel prices to rely on refinery closures for support in 2025
The global diesel market will likely find price support in 2025 from the closure of about 1% of refining capacity, traders and analysts said, offsetting current weakness and structural downward pressure as the world shifts to cleaner fuels.
Russia's November seaborne diesel exports rise as production increases
Russia's seaborne diesel and gasoil exports rose in November on increased fuel production following a reduction in seasonal and unplanned refinery maintenance.
U.S. crude stocks fall, gasoline and distillate inventories rise
U.S. crude stocks fell while gasoline and distillate inventories rose last week, the U.S. Energy Information Administration (EIA) said on Wednesday.
Singapore distillates stocks tick up for fifth week
Singapore's middle distillates inventories advanced for the fifth consecutive week to their highest in seven weeks, as persistent weakness in diesel/gasoil exports countered a jump in jet fuel/kerosene exports.
Singapore middle distillates stocks rise for fourth week to six-week high
Singapore's middle distillates inventories rose for the fourth straight week to a six-week peak as net exports of jet fuel slid further while those of diesel climbed.
EIA: U.S. crude, gasoline inventories rise, distillates draw down
U.S. crude oil and gasoline inventories last week rose more than forecast, while distillate stockpiles posted a larger-than-expected draw, the Energy Information Administration (EIA) said.
Quarterly gasoil uses rises, but future demand set to be weak
Lower prices helped to drive higher-than-expected Organization for Economic Co-operation and Development (OECD) gasoil use in the third quarter, driving up overall oil demand, but weak manufacturing and sluggish growth are likely to cap future consumption.
Dangote Oil Refinery can now process winter diesel, executive says
The Dangote Oil Refinery has the capacity to produce winter diesel for the European market, a further indication of its potential to disrupt the global refining market.
Russia's Novatek may raise naphtha exports to 600,000 t/month from Ust-Luga
Russian energy company Novatek may boost exports of naphtha from its Ust-Luga complex on the Baltic Sea to up to 600,000 tons (t) a month after maintenance and thanks to a new processing unit.
- Kumho Mitsui Chemicals to increase capacity of MDI production facilities 12/15
- ABS, Eneos, NYK Line and Seacor Holdings launch joint study to develop a methanol marine fuel supply network in the U.S. 12/15
- ENEOS accelerates AI-driven materials discovery of immersion cooling fluids and novel catalysts Using NVIDIA ALCHEMI 12/15
- SAMSUNG E&A wins FEED contract for nearly $5-B SAF plant in the U.S. 12/15
- KBR wins green ammonia project by IGNIS in Spain 12/15
- Phillips 66 announces $2.4-B capital budget for 2026 12/15
