Authored by Charles Kennedy via OilPrice.com, India’s diesel exports loading for Europe hit a record high in September amid open arbitrage for westbound shipments, Reuters reported on Wednesday, citing tanker-tracking data and analysts. Last month, diesel cargoes […]
Russian authorities have allowed their large producers to resume seaborne exports of diesel in an apparent bid to avoid any negative impact on oil production, as the country’s market is unable to absorb the additional […]
Moscow is proposing a number of additional measures to resolve the crisis on the domestic oil products market on top of the gasoline and diesel export ban introduced last week. Russian Deputy Prime Minister Alexander Novak, at […]
Data source: Kpler tanker tracking data (accessed August 2023) Kuwait’s oil exports are shifting from crude oil to refined petroleum products following the addition of new refining capacity, according to data in our recently updated Country Analysis […]
Russia has temporarily banned the export of gasoline and diesel to all countries outside a group of four ex-Soviet states, aiming to stabilize its domestic fuel market, as supplies of diesel to the military surge. […]
Russia stunned global oil markets Thursday by announcing a temporary ban on exports of gasoline and diesel starting Sep. 21, in a bid by Moscow to stabilize volatile prices and supplies on the domestic market. […]
Rishi Sunak has announced a major U-turn on the government’s climate commitments as he promised to put his party on a more radical path in an attempt to close the gap with Labour before the […]
Diesel futures surged to a seven-month high in New York after Marathon Petroleum Corp. said it was shutting the third largest US oil refinery following a blaze at a storage tank. The fire at the Garyville refinery in south […]
CHINA COMPETITION. US efforts to electrify transportation are faltering because electric vehicles (EVs) are expensive, US electric power generation and distribution are inadequate, and needed materials must be imported. China’s BYD sells more EVs than […]
HOUSTON, June 21 (Reuters) – U.S. crude oil refining capacity has reversed two years of declines and climbed by more than 100,000 barrels, to 18.1 million barrels per day (bpd), according to a government report […]
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