Refining
IEA warns of crumbling global diesel demand
"Global gasoil demand crumbles," the Western energy watchdog said in its benchmark monthly report. Gasoil includes several different grades of fuel, but diesel is the most important.
China’s crude import growth slows as refining inventories swell
Independent refineries in China have been ramping up their crude processing rates and boosting fuel sales as low global oil prices provide higher margins.
Kuwait’s oil workers to push ahead with strike, reject compromise
The union has not said how long the strike, involving thousands of workers at state-run companies, would last. Workers fear the payroll overhaul would reduce salaries and affect other benefits.
Nigeria destroys two illegal oil refineries in Delta
The six people arrested, alleged to have been running a warehouse to store illegally refined products, were arrested in Rivers state. The navy also said it had destroyed two illegal refineries.
Union: Kuwait’s oil, gas worker strike remains on course for Sunday
"There are no negotiations between the unions and the government over the strike," Farhan al-Ajmi, head of the Petrochemicals Industries Co. workers union, told Reuters.
US gasoline use comes in stronger than expected
A larger-than-expected draw in gasoline inventories and falling US crude production softened the blow of soaring crude stocks. Gasoline fell by 4.2 MMbbl to 239.76 million, compared with an analyst forecast for a 1.4-MMbbl draw.
Bulgaria’s anti-monopoly group raids fuel sellers
The competition authority launched a full investigation after an analysis of the EU country's fuel sector between 2013 and 2015. It found that the retail price policies of the seven companies were very similar and too slow to reflect falls in wholesale and production prices.
Saudi Arabia secures $23B deal to supply refined products to Egypt
Saudi Arabia is to provide Egypt with 700,000 tons/month of petroleum products under a $23-billion deal over five years between Saudi Aramco and the Egyptian General Petroleum Corp.
Global diesel glut looms as refiners hike rates to meet gasoline demand
Oil refiners are shifting into high gear to provide as much gasoline as possible for fuel-hungry drivers, and that could lead to a growing diesel glut further down the road.
Analysts wonder if US gasoline consumption data may be overstated
The US consumption figures are so high that some analysts question whether the gasoline is actually being exported rather than consumed domestically.
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