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Trump intervention triggered EPA’s surprise biofuel waiver decision -sources

11 hours ago DieselGasoil Comments Off on Trump intervention triggered EPA’s surprise biofuel waiver decision -sources
WASHINGTON (Reuters) – A phone call from U.S. President Donald Trump last week ended a nearly two-month-long review of the nation’s biofuels program, three sources familiar with the matter said, with the White House siding in favor of oil refiners over corn growers. FILE PHOTO: A biodiesel (gasoil) vehicle is seen at Dogpatch Biofuels filling Read More

Argentina enforces fuel price caps despite warnings of oil production slowdown

13 hours ago DieselGasoil Comments Off on Argentina enforces fuel price caps despite warnings of oil production slowdown
Buenos Aires — Crude sales price falls to $40-42/b Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Caps seen a threat to Vaca Muerta development Refined products imports rise Argentina imposed a 90-day freeze on diesel (gasoil) and gasoline prices Friday, driving down domestic crude prices by around 30% Read More

Republican Iowa senator says Trump EPA ‘screwed us’ with biofuel waivers

13 hours ago DieselGasoil Comments Off on Republican Iowa senator says Trump EPA ‘screwed us’ with biofuel waivers
WASHINGTON (Reuters) – Iowa’s Republican Senator Chuck Grassley said the Trump administration’s Environmental Protection Agency has “screwed” the U.S. ethanol industry and farmers by granting waivers to 31 small petroleum refineries, effectively exempting them from an obligation to use more ethanol in their products. FILE PHOTO: U.S. Senate Judiciary Committee Chairman Senator Chuck Grassley (R-IA) Read More

Feature: USGC ULSD jumps as export demand to Brazil surges

15 hours ago DieselGasoil Comments Off on Feature: USGC ULSD jumps as export demand to Brazil surges
Houston — Brazilian demand for US Gulf Coast diesel (gasoil) this month — spurred by a refinery outage and state-run pricing — has helped drain supplies and push spot differentials past a one-month high. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now S&P Global Platts assessed USGC ULSD Thursday Read More

European middle distillates cracks hit 2019 highs as crude slips

19 hours ago DieselGasoil Comments Off on European middle distillates cracks hit 2019 highs as crude slips
London — European middle distillate cracks have climbed to their highest this year amid falling crude prices, a closed arbitrage from Asia and expectations of greater demand as International Maritime Organization 2020 regulations on marine fuels loom. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The front-month 10 ppm Read More

Benzene market tightens on naphtha supply buildup

19 hours ago DieselGasoil Comments Off on Benzene market tightens on naphtha supply buildup
Highlights Naphtha-benzene spread hits two-year high Naphtha oversupply pressuring pricing London — The spread between benzene and naphtha hit a two-year high this week at $385/mt Wednesday — the widest point since December 2017. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The spread was last seen at $353/mt Read More

Refinery news roundup: Minor works at Russian refineries, Antipinsky back

21 hours ago DieselGasoil Comments Off on Refinery news roundup: Minor works at Russian refineries, Antipinsky back
London — Only minor works were heard at Russian refineries before the start of the autumn refinery turnaround season in October. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Meanwhile, the Antipinsky refinery resumed operations on July 18, Sberbank said in a statement. Socar Energoresurs, a joint venture between Read More

Refinery news roundup: Africa launches come into focus

21 hours ago DieselGasoil Comments Off on Refinery news roundup: Africa launches come into focus
London — News has emerged about new launches in Africa. Separately, Engen’s refinery in Durban is facing “some challenges” in production and hence will not be able offer bunker fuel in the spot market until the end of September, sources said. The refinery was “highly unlikely” to resume offering until the end of September, which Read More

Annual U.S. refinery runs expected to decline for first time in 10 years

21 hours ago DieselGasoil Comments Off on Annual U.S. refinery runs expected to decline for first time in 10 years
August 16, 2019 U.S. gross inputs to refineries, also known as refinery runs, have increased each year since 2009, most recently reaching a record high of 17.3 million barrels per day (b/d) in 2018. However, based on its monthly refinery run data through May and forecast for the remainder of 2019, the U.S. Energy Information Read More

Trump intervention triggered EPA’s surprise biofuel waiver decision: sources

21 hours ago DieselGasoil Comments Off on Trump intervention triggered EPA’s surprise biofuel waiver decision: sources
WASHINGTON (Reuters) – A phone call from U.S. President Donald Trump last week ended a nearly two-month-long review of the nation’s biofuels program, three sources familiar with the matter said, with the White House siding in favor of oil refiners over corn growers. FILE PHOTO – A biodiesel (gasoil) vehicle is seen at Dogpatch Biofuels Read More