China’s gasoil, gasoline and jet fuel exports in May dropped to a four-month low of 1.77 million mt or 465.580 b/d, data released by the General Administration of Customs June Continue Reading
China imported 2.12 million mt of LPG, comprising both propane and butane, in May, up 7.1% month on month, mainly supported by a strong rebound in butane imports due to Continue Reading
Highlights On track to completely phase out Russian oil purchases Refiners maintain high runs to help ease Asia’s diesel shortages South Korea to mainly rely on US, Middle Eastern crude Continue Reading
Highlights May manufacturing production index lower on year Steel demand in vehicle industry continues improving in June Demand from home appliance, construction sectors remains poor China’s manufacturing production index for Continue Reading
U.S. President Joe Biden said on Monday that a decision on whether to pause a federal gasoline tax could come by the end of this week, as the United States Continue Reading
Mary Barra, General Motors Co.’s chief executive, spent weeks preparing for an onstage unveiling of the electric Chevrolet Silverado , GM’s big play in the fledgling market for battery-powered pickup Continue Reading
Spiking gas prices have weighed on motorists in every state this year, making daily life more expensive in myriad ways. But the burden has not been evenly distributed. Californians were Continue Reading
U.S. President Joe Biden is considering scrapping tariffs on a range of Chinese goods to curb inflation, but no decision is likely before next week’s Group of Seven summit, people Continue Reading
Global airlines are grappling with a double whammy from the rare combination of a strong U.S. dollar and high oil prices at a time when broad inflationary pressures and worker Continue Reading
A record 42 million people around the United States are expected to hit the road for trips over the July 4 Independence Day weekend, AAA said Tuesday, absorbing historically high Continue Reading
