newszine

Sour crude spreads move higher as market sentiment firms

1 hour ago DieselGasoil Comments Off on Sour crude spreads move higher as market sentiment firms
Singapore — Timespreads for benchmark Dubai crude oil futures rose Tuesday morning in Asia as market sentiment firmed for Middle East sour crude, amid strong demand from North Asian refiners. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10 am in Singapore (0200 GMT), the September/October spread for Read More

Refinery news roundup: Autumn turnarounds set to start in Europe

15 hours ago DieselGasoil Comments Off on Refinery news roundup: Autumn turnarounds set to start in Europe
London — Planned refinery turnarounds in Europe have been building up, with several sites planning works in September. Meanwhile, news has focused on quarterly results. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Total said that its H1 and Q2 refinery runs were down as a result of “the Read More

Asian gasoline lends support to light ends while naphtha, LPG sag on oversupply

1 day ago DieselGasoil Comments Off on Asian gasoline lends support to light ends while naphtha, LPG sag on oversupply
Singapore — The light ends market in Asia is showing a mixed picture, with gasoline’s strength expected to continue into September on surging regional demand and refinery turnarounds, while naphtha makes a slow start to the seasonal Q4 demand peak amid volatile crude oil prices, market sources said Friday. Not registered? Receive daily email alerts, Read More

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

3 days 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

3 days 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

3 days 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

China’s biggest energy company shuns Venezuela oil on tighter U.S. sanctions

4 days ago DieselGasoil Comments Off on China’s biggest energy company shuns Venezuela oil on tighter U.S. sanctions
By Lucia Kassai on 8/16/2019 HOUSTON (Bloomberg) – China’s biggest energy company is backing away from direct purchases of Venezuelan crude as the Trump administration tightens sanctions against the South American nation. China National Petroleum Corp. has canceled plans to load about 5 MMbbl of Venezuelan oil onto ships this month in the aftermath of Read More

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

4 days 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

4 days 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