Gasoline
EIA: US retail gasoline prices this summer expected slightly higher than 2016
Drivers in the US will pay an average of $2.46 per gal this summer for regular gasoline, according to forecasts in EIA’s Short-Term Energy Outlook (STEO). Gasoline prices from April through September are expected to be 23 cents/gal higher than the average price last summer, but this price is still nearly 70 cents/gal below the previous five-year average. The gasoline price increase this summer primarily reflects slightly higher forecast crude oil prices.
Oiltanking acquires terminal in Texas City
HOUSTON — Oiltanking North America, LLC announced the acquisition of the Oiltanking Galveston County (OTGAL) terminal.
Uniper's ULSFO facility in Fujairah sends cargoes to Europe, Asia
DUBAI (Reuters) -- Supplies of ultra-low-sulfur fuel oil (ULSFO) from the United Arab Emirates are becoming commonplace as Uniper ramps up production at its Fujairah facility, commissioned since the start of the year.
Low-sulfur gasoil deliveries for April rise at expiry
(Reuters) -- Deliveries of low-sulfur gasoil for April rose to 3,340 lots, or 334,000 t, InterContinental Exchange data showed on Wednesday.
Indian state refiners to revise fuel price in 5 cities daily from May 1
NEW DELHI (Reuters) -- India's state-owned fuel retailers plan to implement daily revision of fuel price in five cities from May 1 ahead of a nationwide roll out of the scheme, industry sources said.
Facing fuel shortage in Cuba, Havana diplomats roll up sleeves
HAVANA (Reuters) -- When they are not tending to international affairs, diplomats based in Havana can be found these days stewing in interminable queues at gas stations and concocting ways to increase the octane in fuel as Cuba's premium gasoline shortage takes its toll.
Indian state-run companies mull daily fuel price change
MUMBAI (Reuters) -- India's state-run oil marketing companies, which control over 90 percent of the retail fuel market in the country, are mulling a plan that would allow daily changes in the price of automotive fuels, Economic Times reported on Friday.
BP to develop Indonesian retail fuel business with AKR Corporindo
JAKARTA (Reuters) -- Oil major BP has signed an agreement with Indonesian petroleum and chemicals logistics company AKR Corporindo for the joint development of a "differentiated" domestic fuel retail business, BP said in a statement.
US crude inventories rise unexpectedly, product stocks dip
(Reuters) -- US crude stocks unexpectedly rose last week to a fresh record high, while gasoline and distillate inventories fell less than expected, the Energy Information Administration said on Wednesday, interrupting a recent string of bullish news for the oil market.
Traders clear Europe's tanks by shipping more gasoline to US
LONDON (Reuters) -- Traders are shipping more gasoline from Europe to the US East Coast ahead of the summer driving season as a steady reduction in inventories there props up prices.
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