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Gasoline

India's March fuel demand soars on robust economic activity

India's fuel consumption jumped to a record high in March fueled by robust economic activity in the world's third biggest oil consumer.

Brazil inflation seen staying high in March on rising gasoline costs

Brazil's inflation likely stayed high in March on rising gasoline bills, reigniting cost of living problems in the country's stagnant economy and probably stoking more disagreement over policy.

Exxon says its decarbonization business could outgrow oil, in multi-trillion market

Exxon Mobil Corp's Low Carbon business has the potential to generate hundreds of billions of dollars in revenue and outperform the company's traditional oil and gas as soon as a decade from now.

Australia heads for second year of record gasoline, diesel imports

Australia's gasoline and diesel imports are expected to rise 2% to hit a record for a second straight year due to a drop in domestic production and a post-COVID economic recovery boosting fuel demand.

Portugal's EDP to stick with EV charging target after EU e-fuel compromise

Portugal's largest utility, EDP, said a compromise by the European Commission to allow the sale of cars running on e-fuels after 2035 would not impact the company’s target to roll out electric vehicle charging stations.

With strict targets looming, European aviation races to make green fuel

Energy giant Repsol has bought into Europe's drive for green jet fuel but believes the $217-MM plant it is building in southeast Spain faces a bumpier ride than if it was on the other side of the Atlantic.

What are e-fuels, and can they help make cars CO2-free?

Germany has declared last-minute opposition to a landmark European Union law to end sales of CO2-emitting cars in 2035, demanding that sales be allowed of new cars with internal combustion engines after that date if they run on e-fuels.

Corteva, Bunge, Chevron partner to produce renewable fuels

Chevron is collaborating with agribusiness firms Corteva and Bunge to produce renewable fuels from canola crops.

Crimea bridge restrictions strands liquefied petroleum gas cargoes

Several tankers loaded with liquefied petroleum gas have been unable to cross under Russia's Crimea bridge due to security restrictions, prompting suppliers to use other routes out of Russia.

Citgo Petroleum posts record $2.8 B profit for 2022

Refiner Citgo Petroleum Corp reported record net profit of $2.8 billion for 2022 on strong motor fuel demand, high margins and refining output that exceeded its plants' listed capacity.