EU ban on Russian diesel and oil products comes into force

The President of the European Commission has hinted at the introduction of more sanctions later this month

‘Hydrogen to be same price as diesel eight years early’

That’s if the predicted potential of a company’s invention is to be believed

Fire at Norway’s Mongstad oil refinery extinguished

The incident, which was reported at 5.46am yesterday, occurred in a section of the refinery that produces gasoline, leading to parts of the plant involved in production of some refined products affected

Biden calls for probe over potential ‘illegal conduct’ behind rising gas prices

The US President said there is ‘mounting evidence’ of anti-consumer behaviour by oil and gas companies

GM bids farewell to diesel and petrol vehicle production

GM plans to be carbon-neutral by 2040 in its global products and operations

‘Americans eat only 59% of the food they buy’

The average American consumer spends approximately $1,300 per year on food that ends up being wasted, according to a new study

Covid-19 effect ‘will crush US gasoline demand’

Report says the impact of social distancing is already being felt on American fuel demand and EV sales

China’s petrol exports witness 32% surge amid covid-19 pandemic

China National Petroleum Corp’s research institute has predicted a 35.7% downfall i for the first financial quarter

US petrol prices lowest since 2009

Petrol prices in the US last year were the lowest since 2009. They stood at $2.43 per gallon (£1.6/gal) – 28% less than 2014, new figures from the Energy Information Administration (EIA) revealed. It added the fall in oil prices, which ended the year at around $37 (£25) per barrel, impacted petrol. The price of […]

VW diesel emissions scandal ‘an opportunity for gasoline’

The Volkswagen diesel emissions scandal could benefit gasoline refineries. That’s according to rating agency Fitch, which said buyers were more likely to now choose gasoline vehicles following the lower demand for diesel cars. Higher sales of gasoline cars in Europe could be positive for the region’s refineries, especially those with less complex assets, it added. On the […]