FUEL Feed Atom

TotalEnergies deal in Iraq to fuel 5,000 MW power plants

2 years ago

30 October 2023

12:11 PM

A $27-billion deal between Iraq and France’s TotalEnergies signed in July will produce nearly 600 million cubic feet per day (mcf/d) of gas that will be enough to feed power facilities with a capacity of 5,000 megawatts (MW), Iraq’s Oil Minister has said.

Argentina says fuel shortages should ease soon, imports arriving

2 years ago

29 October 2023

3:09 PM

The Argentine government and oil companies on Saturday said fuel shipments are starting to arrive that in coming days should ease a shortage, after a spike in demand caused long lines at gas stations.

Russia’s Sept fuel oil and VGO exports to India hit record high -traders, data

2 years ago

27 October 2023

12:42 PM

Russia has sent record volumes of sea-borne fuel oil and vacuum gasoil (VGO) to India in September, replacing some crude oil volumes, traders said and LSEG data showed.

Indian Oil launches country’s first reference fuel; to fully meet domestic demand

2 years ago

26 October 2023

2:43 PM

Indian Oil said that at present the company can fully meet the domestic demand and also aims to export the fuel in future by ramping up the existing capacity. Reference fuels are required by automobile manufacturers for developing engines and assessing vehicles’ performance to ensure operability in all the global climatic conditions.

Russian wholesale gasoline prices decline, diesel rises

2 years ago

19 October 2023

12:49 PM

Russian wholesale prices of gasoline, which is still banned for export, declined on Thursday, while diesel prices rose after sliding the previous day.

Oil slips as Venezuela sanctions ease, Middle East in focus

2 years ago

19 October 2023

12:43 PM

RoydadNaft – Oil prices fell about 2% on Thursday as the United States eased sanctions on Venezuela to allow more oil to flow globally, but…

US oil refiners crank out diesel, further squeezing margins for gasoline

2 years ago

19 October 2023

12:37 PM

U.S. oil refiners have cranked up output of diesel, heating oil and jet fuel for winter but are struggling to turn a profit because gasoline margins have fallen over 80% since the summer driving season ended.

Indian Point NY plant moves spent nuclear fuel to dry cask storage

2 years ago

17 October 2023

1:57 PM

The Indian Point nuclear power plant in Buchanan, New York, has transferred all spent nuclear fuel to dry cask storage in a move towards decommissioning the plant, the New York State Department of Public Service and Indian Point Closure Task Force said on Monday.

India to push developed nations to become ‘carbon negative’ before 2050 -sources

2 years ago

14 October 2023

1:49 PM

RoydadNaft – India wants to push developed nations to become carbon negative rather than carbon neutral by 2050, arguing that would allow emerging market economies…

India’s HPCL aims to cut diesel purchase from other cos following output boost

2 years ago

9 October 2023

2:36 PM

India's Hindustan Petroleum Corp will cut its diesel purchases from other refiners as it has commissioned a 3 million tonnes per annum (mtpa) hydrocracker at its recently upgraded Vizag refinery, its head of refineries S Bharathan said on Monday.

Russia declines to say how long fuel export ban will last

2 years ago

3 October 2023

12:42 PM

Russia is setting no time frame for the fuel export ban it introduced last month, and it will remain in place as long as necessary to stabilise prices and address shortages on the domestic market, Interfax cited Deputy Prime Minister Alexander Novak as saying.

India’s BPCL offers first gasoil cargo in over a year – sources

2 years ago

2 October 2023

12:57 PM

India's Bharat Petroleum Corp has offered its first spot gasoil cargo, via a sales tender, in more than a year, three industry sources familiar with the matter said on Monday.

Russia’s gasoline, diesel prices continue to slide after export ban

2 years ago

2 October 2023

12:53 PM

Russian wholesale gasoline Ai-92 grade prices declined 1.94% on Monday on the commodity exchange to 56,945 roubles ($576.45) per tonne, according to exchange data, amid government efforts to stabilise the domestic fuel market and fuel export ban.

UK and Germany sign hydrogen energy collaboration agreement

2 years ago

26 September 2023

2:09 PM

Britain said on Tuesday it would work closely with Germany to underpin the international trade in hydrogen under a new partnership, which the government hopes will support its net zero target and bolster energy security.

Indian Biofuel Standards to Support GBAs Clean Energy Objectives

2 years ago

25 September 2023

2:22 PM

"The announcement of Global Biofuel Alliance (GBA) by the Prime Minister Shri Narendra Modi during the G20 summit is a historic development in global efforts to achieve clean energy goals," said Director General of BIS Shri Pramod Kumar Tiwari.

UK’s fossil fuel car ban delay may only stall investment

2 years ago

25 September 2023

12:57 PM

Britain's decision to delay a ban on new fossil fuel car sales may make little difference to the pace of a shift to electric vehicles (EVs), even though the news drew anger from automakers worried about supply chains and investment uncertainty.

UAE’S Fujairah Aug marine fuel sales hit eight-month highs

2 years ago

21 September 2023

1:00 PM

Marine fuel sales at the UAE's Fujairah, the world's third-largest bunker hub, scaled eight-month highs in August, although volumes remained lower from a year-ago period, data showed.

Russia imposes temporary restrictions on fuel exports

2 years ago

21 September 2023

12:55 PM

Russia has introduced temporary restrictions on exports of gasoline and diesel in order to stabilise the domestic market, the government said on Thursday.

India Increases Windfall Tax on Crude Oil, Cuts Levy on Diesel and Aviation Turbine Fuel

2 years ago

16 September 2023

12:58 PM

India has raised the windfall tax on petroleum crude from 6,700 rupees to 10,000 rupees per ton, effective September 16th, according to a government notification. This move aims to generate additional revenue for the Indian government and is a result of the tax imposed on crude oil producers in July of last year.

Gasoline consumption hits new record high in Iran

2 years ago

16 September 2023

12:44 PM

The managing director of National Iranian Oil Products Distribution Company (NIOPDC) announced that the record of gasoline consumption in the country was broken by registering the consumption of 137 million liters of gasoline per day, at the same time as the intercity traffic increased in the last days of summer.