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Japan steps up imports from Ecuador to replace Iranian crude

2 hours ago DieselGasoil Comments Off on Japan steps up imports from Ecuador to replace Iranian crude
Highlights Ecuadorian oil imports in May to be about 2.7 mil barrels Fuji Oil buys Napo as main basis to replace Iranian Heavy Tokyo — Some Japanese refiners have stepped up imports of crude from Ecuador because of the need to replace Iranian oil, with a fully-laden VLCC arriving in Tokyo Bay in the coming Read More

U.S. gasoline prices this Memorial Day weekend are nearly the same as last year’s

3 hours ago DieselGasoil Comments Off on U.S. gasoline prices this Memorial Day weekend are nearly the same as last year’s
May 24, 2019 Heading into the 2019 Memorial Day weekend, regular gasoline prices averaged $2.85 per gallon (gal) nationally on May 20, slightly lower than last year’s price of $2.92/gal before the holiday weekend. EIA expects U.S. regular retail gasoline prices will increase in the coming months and average $2.92/gal during the 2019 summer season Read More

Bunker testing company VPS sees wide range of 0.5% S fuel viscosity

21 hours ago DieselGasoil Comments Off on Bunker testing company VPS sees wide range of 0.5% S fuel viscosity
Amsterdam — Bunker testing laboratory VPS has seen a wide viscosity range in the samples it has seen so far of new cleaner marine fuel blends for use when the International Maritime Organization’s global sulfur limit drops to 0.5% next year, the company said Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Exclusive: Trump EPA did not await court ruling to loosen biofuel rules for refiners – documents

1 week ago DieselGasoil Comments Off on Exclusive: Trump EPA did not await court ruling to loosen biofuel rules for refiners – documents
NEW YORK (Reuters) – The Trump administration made it easier for oil refineries to get waivers from the nation’s biofuel law at least four months before a 2017 court decision it often cites to justify the move to the corn lobby, and the move was motivated by a desire to save the oil industry money, Read More

Russia expediting clean-up of tainted oil pipeline

1 week ago DieselGasoil Comments Off on Russia expediting clean-up of tainted oil pipeline
By Aliaksandr Kudrytski, Olga Tanas and Dina Khrennikova on 5/14/2019 MINSK and MOSCOW (Bloomberg) — Russia is racing to return oil exports to normal after deliveries to eastern Europe were cut by a contamination crisis that shut down parts of the giant Druzhba pipeline about a month ago. Where has supply been restored? Shipments to Read More

Buckeye Partners, L.P. Agrees to be Acquired by IFM Investors for $41.50 per common unit

2 weeks ago DieselGasoil Comments Off on Buckeye Partners, L.P. Agrees to be Acquired by IFM Investors for $41.50 per common unit
IFM Expands Midstream Energy Infrastructure Portfolio with Addition of Buckeye Transaction valued at $10.3 billion enterprise value and $6.5 billion equity value HOUSTON and NEW YORK, May 10, 2019 (GLOBE NEWSWIRE) — IFM Investors and Buckeye Partners, L.P. (NYSE: BPL) today announced a definitive agreement (“Agreement”) under which the IFM Global Infrastructure Fund will acquire all of the Read More

Buckeye Partners, L.P. Reports First Quarter 2019 Financial Results

2 weeks ago DieselGasoil Comments Off on Buckeye Partners, L.P. Reports First Quarter 2019 Financial Results
HOUSTON, May 10, 2019 (GLOBE NEWSWIRE) — Buckeye Partners, L.P. (“Buckeye”) (NYSE: BPL) today reported its financial results for the first quarter of 2019.  Net income attributable to Buckeye was $80.8 million for the first quarter of 2019 compared to $112.4 million for the first quarter of 2018.  Adjusted EBITDA (as defined below) for the first Read More

U.S. EPA proposes hike in biofuel mandate to 20.04 billion gallons in 2020: sources

2 weeks ago DieselGasoil Comments Off on U.S. EPA proposes hike in biofuel mandate to 20.04 billion gallons in 2020: sources
WASHINGTON/NEW YORK (Reuters) – The U.S. Environmental Protection Agency has proposed increasing the volume of biofuels refiners must blend into their fuel annually to 20.04 billion gallons in 2020, from 19.92 billion gallons in 2019, according to two sources familiar with the matter. FILE PHOTO: The U.S. Environmental Protection Agency (EPA) sign is seen on Read More

U.S. EPA proposes hike in biofuel mandate to 20.04 bln gallons in 2020: sources

2 weeks ago DieselGasoil Comments Off on U.S. EPA proposes hike in biofuel mandate to 20.04 bln gallons in 2020: sources
WASHINGTON/NEW YORK (Reuters) – The U.S. Environmental Protection Agency has proposed increasing the volume of biofuels refiners must blend into their fuel annually to 20.04 billion gallons in 2020, from 19.92 billion gallons in 2019, according to two sources familiar with the matter. FILE PHOTO: The U.S. Environmental Protection Agency (EPA) sign is seen on Read More

EPA proposes hike in biofuel mandate to 20.04 billion gallons in 2020: sources

2 weeks ago DieselGasoil Comments Off on EPA proposes hike in biofuel mandate to 20.04 billion gallons in 2020: sources
FILE PHOTO: The U.S. Environmental Protection Agency (EPA) sign is seen on the podium at EPA headquarters in Washington, U.S., July 11, 2018. REUTERS/Ting Shen WASHINGTON/NEW YORK (Reuters) – The U.S. Environmental Protection Agency has proposed increasing the volume of biofuels refiners must blend into their fuel annually to 20.04 billion gallons in 2020, from Read More