Gasoline
U.S. proposes raising vehicle fuel economy standards to 58 miles per gallon by 2032
The Biden administration proposed to hike fuel economy standards by 2032 to a fleet-wide average of 58 miles per gallon as it seeks to cut greenhouse gas emissions and reduce fuel use.
AFPM statement and letter in support of House bills to stop government vehicle bans, attempts to electrify the RFS
American Fuel & Petrochemical Manufacturers President & CEO Chet Thompson this morning issued a statement along with a letter urging support for three bills being marked up today by the House Energy & Commerce Committee.
End of Nigerian fuel subsidy set to squeeze Europe's refiners
One of Europe's main markets for gasoline has shrunk, threatening to squeeze European refiners, after Nigeria removed fuel subsidies, which destroyed much of the country's domestic demand and a regional market for smuggled fuel.
China's gasoline demand peak nears as EV boom hastens transition
China's demand for petrol is likely to peak as early as next year as electric vehicle sales soar, several analysts say, bringing forward an energy transition milestone for the world's biggest polluter and a headache for global refiners.
Nigeria unions to strike unless fuel price hike is reversed
Nigerian labor unions plan to strike to demand a reversal in petrol price hikes and lower public school fees, the Nigerian Labour Congress said.
Repsol to invest more than $130 MM to retrofit plant to produce biofuels
Spanish oil company Repsol will invest more than $132.95 MM to retrofit a decades-old diesel plant to produce second-generation biofuels.
U.S. crude, fuel stockpiles fell last week
Crude inventories fell by 600,000 barrels in the last week to 456.8 million barrels, compared with analysts' expectations for a 2.3 million-barrel drop.
Indonesia's Pertamina launches sales of gasoline with 5% ethanol mix
Indonesian state-owned energy company Pertamina has launched sales of gasoline containing 5% of bioethanol made from sugar molasses in two cities, as the country aims to expand the availability of renewable fuels.
UK minister: petrol car ban immovable but some green policies to be relaxed
Britain is sticking to its plan to ban the sale of new petrol and diesel cars from 2030 but some measures to reduce the carbon footprint of residential homes will be relaxed, senior government minister Michael Gove said.
U.S. distillate stocks fail to make summer recovery amid refinery outages
U.S. diesel, heating oil and jet fuel stockpiles have failed to recover from the 10-year lows hit last year when high prices caused the Biden administration to consider a ban on fuel exports, leaving the markets vulnerable to supply shocks when demand picks up toward the end of the summer.
- 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
- Aster and Puraglobe sign MoU to bring world-leading re-refining technology to Asia 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
