Gasoline
Japan will mitigate potential gasoline price spike, prime minister says
Japanese Prime Minister Shigeru Ishiba said the government will act to mitigate any impact from a potential surge in gasoline prices due to the Middle East conflict, implementing a preventative measure starting June 26.
Italy's Eni eyes new unit to manage oil refineries
Eni intends to set up a new company focused on several assets including oil refineries and fuels storage facilities in Italy
Nigeria to export first gasoline cargo to Asia from Dangote refinery
A 90,000 metric ton cargo of gasoline from Nigeria's Dangote refinery will be sold out of the region for the first time and bound for Asia
Indian refiners cancel palm oil orders for July-September as prices surge
Indian refiners cancelled orders for 65,000 metric tons of crude palm oil (CPO) scheduled for delivery from July to September following a sudden surge in benchmark Malaysian prices.
EIA: U.S. crude inventories fall by most in a year, fuel stocks build
U.S. crude oil stockpiles fell sharply last week, posting their largest decline in a year, while gasoline and distillate inventories rose.
Ukrainian MPs allow sale of petrol without mandatory 5% bioethanol until January 1
Ukraine's parliament has until the end of this year temporarily authorized the sale of petrol without the mandatory 5% bioethanol content, cancelling fines and other penalties for companies selling such petrol.
Russia boosts railway gasoline exports by a quarter in January–May
Russia increased gasoline exports by railway by a quarter year-on-year between January and May to around 2.51 MM tonnes (t) on an easing fuel embargo.
China's May refinery throughput at 9-month low on plant overhauls (1)
China's crude oil throughput declined by 1.8% in May from a year earlier to the lowest level since August, official data showed on Monday, as maintenance at both state-owned and independent refineries curbed operations.
U.S. Senate bill would shrink tax credit for biofuels made from foreign feedstocks
U.S. Senate Republicans proposed a tax bill that would extend a clean fuel tax credit through 2031, but trim 20% of the value of the credit for biofuels made from feedstocks produced outside of the U.S.
Algeria launches $7-B investment plan to expand hydrocarbon processing
Algeria has allocated a $7-B investment portfolio for major industrial projects aimed at increasing the conversion rate of hydrocarbons into higher value-added products from 32% to 50% in the next 5 yr.
- Phillips 66 greenlights new gas plant and fractionator projects, advancing integrated wellhead-to-market strategy 5/18
- OXEA and Air Liquide renew syngas and hydrogen supply agreement for Oberhausen site 5/18
- BASF boosts refinery catalyst innovation with new R&D center in Attapulgus, Georgia (U.S.) 5/18
- U.S. oil refiners finally profit from biofuels due to mandates, high fuel prices 5/18
- China's April oil throughput hits lowest since August 2022, inventories rise 5/18
- Vietnam receives first cargo of Congo Djeno crude for Nghi Son refinery 5/18
