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28-Sep-2020

World: Venezuela and Iran continue to defy U.S. oil sanctions with new shipments
28-Sep-2020 by World Oil
The first vessel in an Iranian convoy of ships bringing desperately needed fuel arrived in Venezuela, demonstrating both nations’ determination to undermine U.S. efforts to isolate the governments in Tehran and Caracas. more information
World: Gasoline suspected to be for Venezuela arrives in U.S. port after private sale
28-Sep-2020 by Reuters
A vessel carrying some 100,000 barrels of gasoline that a shipping company suspected was destined for fuel-starved Venezuela arrived at a U.S. port on Monday, Refinitiv Eikon data showed, after a U.S. court approved a private sale of the cargo. more information

22-Sep-2020

Saudi Arabia: Gasoline stocks fall to multi-year lows
22-Sep-2020 by Argus Media
Saudi Arabia's gasoline stocks fell to a more than a six-year low in July as a push to keep refinery run rates low coincided with an upswing in domestic gasoline demand with the easing of Covid-19-related restrictions on movement. more information

21-Sep-2020

World: How are global crude oil giants responding to the New Normal?
21-Sep-2020 by Kalkine Media
Saudi Arabia, the world’s largest crude oil producer, has been supplying crude oil at a price lower than international prices to China in order to capture higher market share. more information
India: Gasoline sales revive in positive sign for oil demand
21-Sep-2020 by Bloomberg
Indian gasoline sales rose for the first time since the nation imposed one of the world’s strictest virus lockdowns in late March, a positive sign for global oil markets amid a stalling energy demand recovery. more information

08-Sep-2020

World: Fragile demand for gasoline, keeps pressure on crude oil prices
08-Sep-2020 by Yahoo! Finance
Crude oil bears increased their selling pressures as oil traders reacted to Saudi’s massive price cuts for supply to Asia. more information
Asia: Production issues bolster gasoline refining margin
08-Sep-2020 by Argus Media
The Asian gasoline refining margin rose to about a two-week high against a series of issues affecting gasoline production units in South Korea and Thailand. more information

31-Aug-2020

USA: Changing demand for petroleum products has led to operational changes at U.S. refineries
31-Aug-2020 by U.S. Energy Information Administration
Demand for transportation fuels in the United States has fallen since mid-March because of the spread of coronavirus and efforts to mitigate it. Demand for motor gasoline and jet fuel in particular has fallen to its lowest levels in years. In response, U.S. refineries reduced their operations to adjust to changing levels of overall demand for petroleum products and made other changes that resulted in proportionately less production of motor gasoline and jet fuel and more production of distillate fuel oil. more information

17-Aug-2020

World: Short-term energy outlook
17-Aug-2020 by U.S. Energy Information Administration
The August Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty because mitigation and reopening efforts related to the 2019 novel coronavirus disease (COVID-19) continue to evolve. Reduced economic activity related to the COVID-19 pandemic has caused changes in energy demand and supply patterns in 2020. more information
Mexico: The country could draw more gasoline, diesel
17-Aug-2020 by Argus Media
Mexico's gasoline and diesel imports may continue to rise beyond the 22pc increase seen in mid-July, supported by lower freight costs and domestic refinery problems, initial data indicates. more information

03-Aug-2020

World: 7-Eleven owner to buy Marathon gas stations for $21 billion
03-Aug-2020 by Yahoo! Finance
Seven & i Holdings Co., the world’s largest convenience-store franchiser, agreed to buy Marathon Petroleum Corp.’s Speedway gas stations for $21 billion, betting that an expanded U.S. footprint will deliver growth amid the uncertainty of the pandemic. more information
USA: Why energy demand is plummeting in the U.S.?
03-Aug-2020 by OilPrice.com
All the way back in April (which may as well be years ago at the rate that the news cycle is moving these days) Oilprice reported that in the throes of the novel coronavirus pandemic, which had relatively recently washed over the United States, had caused the nation’s energy consumption to fall to a stunning 16-year low. more information
China:The country under pressure to export more refined products after Q2 oil shopping spree
03-Aug-2020 by S&P Global Platts
While the rest of the world is still on a relatively slow recovery phase, China's crude imports and throughput levels are hitting record highs. Its GDP has flipped back to positive territory with a 3.2% growth the second quarter, from a 6.9% decline in the first quarter. more information

28-Jul-2020

China: Record crude oil storage flies under the radar
28-Jul-2020 by Reuters
China’s refineries imported and processed record amounts of crude oil in June, and while these are undoubtedly bullish economic signals, it’s worth noting that flows into storage tanks were also likely at an all-time high. more information

27-Jul-2020

Kuwait: Kuwait Petroleum keen on preserving public funds, CEO says
27-Jul-2020 by Arab News
Kuwait Petroleum Corporation (KPC) wants to preserve public funds to counter the economic consequences of the coronavirus pandemic, the state-owned firm’s CEO said, after it started to implement austerity measures and reduce expenses. more information
OPEC Commentary: One equal temper of heroic hearts
27-Jul-2020 by Organization of the Petroleum Exporting Countries
Fortunately, the story of OPEC has shown that the national, individual perspective is always best served by working towards the common good. The individual and the collective synchronize in harmony. It chimes with the saying in the Irish language: Ní neart go cur le chéile — there is no strength without unity. more information
World: How COVID-19 helped to simplify the transition to low-sulphur diesel in the shipping business
27-Jul-2020 by Hellenic Shipping News
Any crisis, whether in energy or any other sector, inevitably creates unanticipated costs and benefits. The crisis created by the COVID-19 pandemic has produced all manner of unforeseen consequences in the energy and environment space, both in the U.S. and globally. more information

14-Jul-2020

USA: California gasoline demand falling with next lockdown
14-Jul-2020 by RigZone
Gasoline demand in America’s biggest fuel market is headed toward a decline with California imposing a new round of business closures to fight a spike in coronavirus cases. more information
Venezuela: The country restarts gasoline output at only operating refinery
14-Jul-2020 by OilPrice.com
Venezuela’s state oil firm PDVSA has resumed gasoline production at the only operating refinery in the country home to the world’s largest oil reserves that is experiencing severe gasoline shortages, sources with knowledge of the matter told Reuters. more information

06-Jul-2020

Nigeria: Country analysis brief
06-Jul-2020 by U.S. Energy Information Administration
Nigeria is the largest oil producer in Africa. It holds the largest natural gas reserves on the continent and was the world’s fifth–largest exporter of liquefied natural gas (LNG) in 2018. more information

01-Jul-2020

USA: Gasoline demand more than ‘halfway’ back from pandemic lows
01-Jul-2020 by Bulk Transporter
Gasoline consumption in the United States recently hit a big milestone. It is now more than halfway back to pre-COVID-19 levels as motorists get back on the road amid at least a partial recovery of the US economy, according to OPIS, an IHS Markit company. more information
USA: U.S. court to auction gasoline allegedly destined for Venezuela
01-Jul-2020 by Reuters
A federal court in Houston on Wednesday was expected to auction 100,000 barrels of gasoline that a shipping company suspected a Venezuelan shipping magnate close to the socialist government in Caracas planned to send to the country. more information
Russia: Gasoline demand recovering but lower than 2019
01-Jul-2020 by Argus Media
Gasoline demand in Russia will continue to recover next month as Covid-19 restrictions ease, but it will remain below last year's levels, according to Russian energy ministry estimates. more information

30-Jun-2020

World: Aramco chief optimistic about second-half of 2020 as China gasoline and diesel demand acceler
30-Jun-2020 by Arab News
Saudi Aramco CEO Amin Nasser expects oil demand to rebound in the second-half of the year as more countries ease travel restrictions. more information

22-Jun-2020

USA: Motor gasoline accounted for almost half petroleum consumption in 2019
22-Jun-2020 by U.S. Energy Information Administration
Petroleum was the largest primary source of energy consumed in the United States in 2019, accounting for 37% of total energy consumed. In 2019, motor gasoline accounted for about 45% of petroleum products consumed in the United States. more information

17-Jun-2020

World: Oil giant Saudi Aramco completes purchase of $70B stake in SABIC
17-Jun-2020 by TRT World
Saudi Aramco said on Wednesday it has completed the acquisition of a 70 percent stake in chemical giant SABIC for $69.1 billion, boosting it as one of the world's largest producers. more information

09-Jun-2020

Venezuela: New gasoline system fails to end epic lines
09-Jun-2020 by Reuters
Hundreds of Venezuelans queued up in miles-long lines to try to fill their cars with subsidized gasoline over the weekend, a week after President Nicolas Maduro launched a new dual-price system aimed at easing an acute fuel shortage. more information

05-Jun-2020

Venezuela: The country faces gasoline shortage while in quarantine
05-Jun-2020 by Global Comment
The long queues for gasoline in Venezuela are suffocating and humiliating. There, vans have mattresses in the back to sleep on at night, people bring beach chairs to sit in the street, pets lie down at the feet of their owners, some people play dominoes and others use their car door to cover themselves while urinating in the street. more information

03-Jun-2020

Venezuela: The country to seek more gasoline from Iran
03-Jun-2020 by Argus Media
Venezuela is seeking to consolidate bilateral ties with fellow US-sanctioned Iran with an eye toward importing more desperately needed gasoline and additives. more information
World: Easing lockdown leads to increased gasoline and distillates reserves
03-Jun-2020 by Offshore Technology
An analyst team from Exante, the international investment services company, has shared its outlook that the collapsing oil prices and quarantine softening are prompting an increase in oil refinement levels, which leads to rich reserves of gasoline and distillates. more information
Venezuela: President Maduro vows to make historic Iran visit
03-Jun-2020 by Middle East Eye
Venezuelan President Nicolas Maduro announced yesterday his intention to make an official visit to Iran soon to sign a number of cooperation agreements, including those related to energy and defence. more information

02-Jun-2020

World: More than 280,000 tonnes of gasoline stored on Singapore, Malaysia waters
02-Jun-2020 by Economic Times
Oil demand across the world has slumped as governments restricted people movements to curb the spread of the coronavirus, prompting sellers and traders to store all types of excess oil onboard ships more information

28-May-2020

Russia: The country to drill new oil wells to be ready to go when current OPEC+ production cut deal
28-May-2020 by RT
A new project to boost the economy’s sustainable development and support the suffering energy sector during the Covid-19 global crisis has been approved by the Russian government. more information
China: The country cuts Saudi oil imports in favour of Russia
28-May-2020 by Middle East Monitor
China cut its imports of oil from Saudi Arabia last month, customs data issued by the authorities in Beijing revealed this week. During the same period, imports of Russian crude oil increased. more information

27-May-2020

World: Demand rise, output cuts could mean oil market balance in June
27-May-2020 by Reuters
Recovering demand as coronavirus lockdowns ease combined with output cuts by top producers could balance global oil markets as soon as June, some analysts and banks predict. more information
Venezuela: Iranian gasoline arrives in fuel-starved Venezuela, three more tankers en route
27-May-2020 by S&P Global Platts
Two Iranian tankers carrying gasoline arrived in Venezuela over the past few days with three more on their way as the country deals with severe fuel shortages and US sanctions. more information

22-May-2020

USA: Why U.S. oil and natural gas demand will rebound from Coronavirus
22-May-2020 by Forbes
Amid COVID-19 and an oil price war, recent months have marked perhaps the roughest stretch ever for the U.S. oil and natural gas industry. more information
World: Suez Canal suffers double blow from pandemic, collapse of oil prices
22-May-2020 by The Arab Weekly
The Suez Canal has been hit by a double blow. After absorbing the shock of stagnating global trade due to the COVID-19 pandemic, it was hit by the steepest drop in oil prices in 18 years. Consequently, the canal is no longer as competitive as a corridor for global trade. more information
World: Oil prices, gasoline demand climb as countries ease coronavirus curbs
22-May-2020 by The Hindu Business Line
Oil prices were on the rise on Friday, heading for a fourth straight week of gains, amid more evidence that fuel demand is recovering as countries ease business and social restrictions that were imposed to counter the coronavirus pandemic. more information

21-May-2020

USA: Gasoline is driving US oil demand as Memorial Day holiday looms, just how much is unclear
21-May-2020 by S&P Global Platts
As the Memorial Day holiday weekend draws near, the allure of beaches, boardwalks and lakes is likely to be greater than ever for many Americans quarantined by the coronavirus pandemic. more information
World: Refiners pin hopes on gasoline for post-lockdown demand recovery
21-May-2020 by Hydrocarbon Processing
Global oil refiners, battling weak profit margins, are pinning their hopes on a recovery in gasoline demand as coronavirus lockdowns start to ease in many countries around the world. more information

20-May-2020

Venezuela: Why oil-rich Venezuela is suffering severe gasoline shortages
20-May-2020 by Hydrocarbon Processing
At least five Iranian tankers carrying fuel are currently en route to gasoline-starved Venezuela, which has the world’s largest crude reserves. The United States, which maintains sanctions on both OPEC members, is weighing a response to the supply. more information
Mexico: Analysis of the Mexican fuels market under the current crisis
20-May-2020 by Petrol Plaza
The sale of petrol and diesel in Mexico has decreased by 62% due to COVID-19, according to Roberto Díaz de León, President of fuel retailing association Onexpo more information
Venezuela: Venezuelans clamor for gasoline as U.S. weighs response to Iran fuel shipment
20-May-2020 by Reuters
With the United States weighing a response to a gasoline shipment from Iran to Venezuela, people waiting in line outside service stations in the country’s capital said they were eager to fill their tanks, regardless of how the fuel arrived. more information

19-May-2020

Mexico: Mexico to stop importing gasoline by 2023
19-May-2020 by Macau Business
Mexican President Andres Manuel Lopez Obrador on Monday estimated the country will be able to stop importing gasoline by 2023 after improving its own capacity to refine crude oil. more information
Russia: Import of gasoline from Belarus skyrocketing in April
19-May-2020 by TASS
Russia imported 40,100 tonnes of gasoline by rail from Belarus, which is 200 times more than over the last year on the whole, Argus agency reports. more information
World: Iran complains to U.N., summons envoy over U.S. threat on Venezuela shipment
19-May-2020 by Reuters
Iran complained to the United Nations on Sunday and summoned the Swiss ambassador in Tehran, who represents U.S. interests in the Islamic Republic, over possible measures Washington could take against an Iranian fuel shipment to Venezuela. more information

18-May-2020

World: Iran news agency warns U.S. against any move on fuel shipment to Venezuela
18-May-2020 by Reuters
An Iranian news agency close to the elite Revolutionary Guards said on Saturday there would be repercussions if the United States acted “just like pirates” against an Iranian fuel shipment to Venezuela. more information
USA: Signs of a rebound in gasoline demand hint at higher oil prices
18-May-2020 by MarketWatch
Gasoline demand in April suffered its worst month on record, but signs of rebound in consumption as some U.S. states emerge from COVID-19 related lockdowns may offer an indication for higher oil prices ahead. more information

13-May-2020

USA: EIA expects energy-related carbon dioxide emissions to fall 11% this year
13-May-2020 by U.S. Energy Information Administration
The U.S. Energy Information Administration (EIA) forecasts that U.S. energy-related carbon dioxide (CO2) emissions will decline by 11% in 2020. more information
Mexico: Pemex fuel line flows up despite anti-theft aims
13-May-2020 by Argus Media
Mexico transported slightly more refined products through pipelines in 2019 than in 2018, despite a much-touted strategy that consisted of shutting down key theft-prone pipelines and shipping more by tanker trucks. more information

12-May-2020

Argentina: Fuel sales dropped by 88% during the lockdown
12-May-2020 by Petrol Plaza
The Argentine Confederation of Hydrocarbon and Related Trade Entities (Cecha) released a report that estimates an 88% drop in fuel sales at gas stations following the implementation of isolation measures in the fight against the expansion of COVID-19. more information
World: Demand for gasoline rebounds
12-May-2020 by NACS
The demand for gasoline is rebounding, as the car—at least for now—makes a comeback. Areas around the globe are reopening, and driving has emerged as the social-distancing transportation mode of choice. more information
Vietnam: The country seeks gasoline imports as economy reopens
12-May-2020 by Argus Media
Vietnam's state-owned Petrolimex has issued a tender to buy gasoline amid easing travel restrictions in the country. more information

11-May-2020

USA: Empty skies ground crude demand
11-May-2020 by Argus Media
Empty skies this summer cloud an optimistic outlook for gasoline demand and will limit crude processing at US refineries. more information
Europe: Europeans hit the road as traffic jams rise on lockdown easing
11-May-2020 by Bloomberg
Europe’s drivers have started to clog up the roads again in one of the first signs of a possible revival to the region’s economy. more information

05-May-2020

USA: Oil surges on big bet that drivers will take to the roads as states reopen
05-May-2020 by CNBC
The U.S. driver is pivotal to global energy demand, and analysts are studying gasoline station surveys, mobility data and tanker unloadings to see if Americans are getting ready to hit the road as states reopen. more information
USA: API data reveal a weekly climb of over 8 million barrels in crude supplies,
05-May-2020 by MarketWatch
The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 8.4 million barrels for the week ended May 1, according to sources. more information

04-May-2020

USA: Ethanol exports fell for the first time in four years in 2019
04-May-2020 by U.S. Energy Information Administration
The United States exported 96,000 barrels per day (b/d) of fuel ethanol in 2019, the first annual drop in U.S. ethanol exports since 2015. Despite the decrease, total exports remained at the second-highest level on record. The United States exported more fuel ethanol than it imported in 2019, the 10th year in a row as a net exporter. more information

29-Apr-2020

Venezuela: Bankrupt Venezuelan oil firm PDVSA proposes selling oil assets to private sector
29-Apr-2020 by Forbes
In a total about-face on the “socialism” and “communism” and the Yankee-Go-Home attitude of the ruling Socialists United of Venezuela (PSUV), the country’s beleaguered and bankrupt oil firm PdVSA has apparently thrown in the towel. more information

28-Apr-2020

Venezuela: The country receives gasoline imports from shipping magnate amid fuel shortage
28-Apr-2020 by Reuters
Venezuela has received a 150,000-barrel shipment of gasoline from a company owned by shipping magnate Wilmer Ruperti, three people with knowledge of the matter said, as the OPEC nation suffers from the worst fuel shortages in decades. more information

16-Apr-2020

Spain: 84% fall in gasoline sales during coronavirus curbs
16-Apr-2020 by Reuters
Spain’s gasoline consumption has plummeted during the coronavirus lockdown, with Spaniards buying 84% less during the fourth week of restrictions compared with the last week before they were imposed. more information

15-Apr-2020

Brazil: Gasoline, ethanol sales down 30-35% amid coronavirus
15-Apr-2020 by Hellenic Shipping News
Brazilian fuel distributor Petrobras Distribuidora SA, better known by its BR Distribuidora brand name, has seen demand for gasoline and ethanol plummet during the new coronavirus outbreak, its chief executive officer told Reuters on Monday. more information
On the scene at the creation of the petrochemical industry
15-Apr-2020 by MIT Technology Review
The petrochemical industry came of age during World War II, ushering in the era of gasoline, polymers, and plastics. But it truly expanded after the war, helped along by pioneering chemical engineers such as Peter H. Spitz ’48, SM ’49. more information

14-Apr-2020

USA: Import prices post largest drop in over five years
14-Apr-2020 by CNBC
U.S. import prices dropped by the most in more than five years in March amid declines in the costs of petroleum products and a range of other goods, pointing to import deflation that could deepen amid the coronavirus pandemic. more information

13-Apr-2020

USA: Gasoline demand collapses to a 50-year low
13-Apr-2020 by Forbes
The COVID-19 pandemic is having an unprecedented impact on demand for oil and petroleum products. more information

10-Apr-2020

USA: Refining and oil export slowdowns among top issues
10-Apr-2020 by RigZone
A re-balancing of the United States’ crude oil trade position, coupled with the apparent need for some domestic refiners to idle their facilities, captured the attention of Rigzone’s downstream readers over the past week. Keep reading to find out more about these and other top issues. more information
India: "No mask, no fuel" rule at Odisha petrol pumps to contain virus spread
10-Apr-2020 by NDTV
he petrol pumps across Odisha today came out with a stringent rule - No Mask, No Petrol/Diesel /CNG - in a bid to strictly enforce government's order making wearing of face masks mandatory while going out of homes. more information

09-Apr-2020

World: Railroads push against oil industry demands for storage in rail cars
09-Apr-2020 by Yahoo! Finance
Railroads are clamping down on rising demand from oil companies to store crude in rail cars due to safety concerns, sources said, even as the number of places available to stockpile oil is rapidly dwindling. more information
Infographic: Global refining in logjam as lockdowns slash demand for fuels
09-Apr-2020 by S&P Global Platts
Global refining outages have surpassed 14 million b/d and are expected to get worse as coronavirus lockdowns sideline up to 25% of global oil demand and storage tanks fill to capacity. more information

08-Apr-2020

World: OMV might cut jobs due to COVID-19, low oil prices
08-Apr-2020 by OE Digital
Oil and gas group OMV plans to extend a 4 billion euro ($4.35 billion) cost-cutting program, its chief executive said, adding it may cut jobs due to the coronavirus crisis and a slump in energy prices. more information

03-Apr-2020

Brazil: Gasoline retailers look to domestic market
03-Apr-2020 by Argus Media
market Published date: 02 April 2020 Share: The sharp fall in Brazilian gasoline consumption is prompting risk-adverse independent retailers and traders to considerably reduce import operations and rely more on domestic output. more information

02-Apr-2020

USA: Storing large quantities of gasoline is dangerous
02-Apr-2020 by Medicine Hat News
The Lethbridge Fire Prevention Bureau is warning residents about the dangers of storing large quantities of gasoline in residential properties and using unapproved storage containers to do so. more information

30-Mar-2020

India: No fuel crisis - enough stock of petrol, diesel to last lockdown
30-Mar-2020 by Economic Times
India, the world's third largest energy consumer, has enough petrol, diesel and cooking gas (LPG) in stocks to last way beyond the three-week nationwide lockdown as all plants and supply locations are fully operational, Indian Oil Corp (IOC) Chairman Sanjiv Singh said. more information

25-Mar-2020

World: Mobile location data shows just how much travel has dropped off
25-Mar-2020 by Axios
A new analysis from the data science company Descartes Labs helps provide a window onto how the global coronavirus pandemic is forcing dramatic changes to daily life and energy use. more information
World: China buys record volume of Russian oil as European demand dives
25-Mar-2020 by Reuters
China is buying a record 1.6 million tonnes of Russian oil for loading at sea over the next four weeks, taking advantage of rock bottom prices for Russia’s flagship Urals grade combined with a collapse in demand in Europe, traders said on Wednesday. more information

24-Mar-2020

Brazil: Falling fuel prices, weak currency drive the country switch from ethanol to sugar
24-Mar-2020 by Nasdaq
Brazilian mills are expected to make a sharp switch from ethanol to sugar production in the new season kicking off in the world's largest sugarcane producer, as falling gasoline prices and a weak currency reduce the biofuel's appeal, analysts said. more information

23-Mar-2020

USA: Should you stock up on gasoline when prices drop?
23-Mar-2020 by Fox News
Gasoline prices have plummeted in recent weeks as people started staying at home to help fight the spread of the coronavirus just as Saudi Arabia and Russia increased oil production. more information
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