Neste looks to expand investment in US or Singapore HELSINKI, Feb 7 (Reuters) – Finnish refiner Neste reported a rise in annual operating profit on Tuesday led by renewables and said it would look to expand in biofuels, possibly through investment in the United States or Singapore. Operating profit rose to 983 million euros ($1.05 […]
Refiner Neste posts strong renewable profits, mulls investment Read More »
Pemex says rail shipments will help diversify Mexico’s fuel supply By David Alire Garcia MEXICO CITY, Jan 17 (Reuters) – Mexico’s state oil company Pemex began receiving imported fuel by train at a new privately run terminal for the first time in January as companies expand storage and transportation operations under the country’s energy opening,
Pemex imports first diesel cargo via train from Texas Read More »
Since May, crude oil prices generally remained between $40 per barrel (b) and low $50/b range The spot energy index in the S&P Goldman Sachs Commodity Index (GSCI) rose 48 per cent since the start of 2016, more than any other commodity group in the S&P GSCI, according to the US Energy Information Administration. The spot
Energy commodity prices rose more than other sectors in 2016 Read More »
Distillate stocks remained moderate despite the unusually warm start to the winter By John Kemp LONDON (Reuters) – US refiners are likely to see stronger demand for middle distillates such as heating oil and diesel in 2017 after two years of declining domestic consumption. Distillate consumption is forecast to increase by 60,000 barrels per day
US distillate demand set to rise in 2017 – Kemp Read More »
Volkswagen CEO sees no diesel in future of U.S. business By Andreas Cremer and Alexandria Sage WOLFSBURG, Germany/SAN FRANCISCO, Nov 22 (Reuters) – Volkswagen will no longer offer diesel vehicles in the United States, its global brand chief said on Tuesday, ending speculation the company might return to the technology after its emissions scandal fades
Volkswagen CEO sees no diesel in future of U.S. business Read More »
Diesel consumption forecast to increase 80,000 b/d, over 2%, in 2017, as a result of a colder winter and freight growth LONDON, Sept 27 (Reuters) – Freight movements across the United States are showing signs of sustained growth for the first time in 18 months, which should support increases in diesel consumption in 2017. Freight volumes hit a record
US diesel demand set to rise as freight, oil drilling pick up: Kemp – Reuters News Read More »
Chinese diesel exports, gasoline shipments up in July BEIJING, Aug 22 (Reuters) – China’s diesel, gasoline and kerosene exports surged last month after state-owned refiners shipped excess fuel abroad as they struggled to compete in the domestic market with independent companies that sold at lower prices. Customs data showed on Monday that diesel exports rose 181.8 percent
Chinese diesel exports in July rise to record as teapots produce more Read More »
Diesel vehicles at least 10 years old to be taken off roadways By Tommy Wilkes and Sankalp Phartiyal NEW DELHI, July 18 (Reuters) – India’s top environmental court on Monday ordered authorities to remove all diesel vehicles at least 10 years old off the capital city’s streets in a bid to help clean New Delhi’s polluted
Indian court orders older diesel vehicles off New Delhi’s roads Read More »
Realignment of gasoline and diesel margins has a solid grounding in supply-demand-stocks fundamentals By John Kemp LONDON – According to Reuters, hedge funds and other money managers are betting diesel and heating oil will take over from gasoline as the main driver of US refinery profitability in the second half of the year. For the past
Hedge funds to US refiners: Produce more diesel, less gasoline Read More »
VW to pay as much at $15.3 billion By David Shepardson and Joel Schectman WASHINGTON, June 28 (Reuters) – German automaker Volkswagen AG will pay as much as $15.3 billion after admitting it cheated on U.S. diesel emissions tests for years, agreeing to buy back vehicles from consumers and provide funding that could benefit makers of
VW agrees to buy back diesel vehicles, fund clean air efforts Read More »
