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FILE PHOTO: An employee fills the tank of a car with petrol at a gas station in Shanghai February 7, 2012. REUTERS/Aly Song/File Photo

Business Fuel News Oil

Global diesel prices to rely on refinery closures for support in 2025

About 1 million barrels per day of refining capacity in Europe and the U.S. is expected to permanently shut down next year.

By Ahmad Ghaddar, Shariq Khan and Trixie Yap12 Dec 2024Reuters

FILE PHOTO: A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo

Business Maritime News Oil Trade

Brent oil traders use little known rule to reroute US cargoes

Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure clause to reroute U.S. shipments...

By Florence Tan, Alex Lawler and Robert Harvey1 Oct 2024Reuters

Business Finance Industry News

Trafigura extends notice period in traders contracts to 6-month minimum: sources

Trafigura has extended traders' notice period to six months to a year amid rival interest in metals trading.

By Julian Luk and Pratima Desai4 Sep 2024Reuters

Aviation Business News Sustainable Aviation Fuel

Gunvor teams up with VARO to build sustainable aviation fuel facility in Rotterdam

The manufacturing facility in Rotterdam, with capacity of 350 kt per annum, aims to produce enough sustainable aviation fuel to meet up to...

By Reuters1 Aug 2024Reuters