Benchmark northwest European gasoline refining margins fell on Tuesday. Global energy trader Vitol and its partners plan to float their Australian Viva Energy business, potentially worth nearly A$5 billion ($3.8 billion), in July, three people familiar with the transaction said on Tuesday.
Brazil's antitrust regulator on Tuesday laid out a plan to increase competition in the fuels market, adding to debate on a recent spike in fuel prices that triggered a week-long truckers' strike in Latin America's largest economy.
China's new tax rules introduced in March could force some independent oil refineries to close, and the way to survive tighter regulatory scrutiny and the onslaught of growing competition is to cut costs and beef up competitiveness, an oil executive said.
Royal Dutch Shell Plc was returning workers to the eastern Gulf of Mexico and Chevron Corp restored some production on Monday after the passage of subtropical Storm Alberto, the companies said.
New-build VLCC Maran Aphrodite, which is carrying a 200,000 tonne diesel cargo from Asia, has changed its final destination for a second time since it began its journey early this month, according to Reuters ship-tracking data.
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