Diesel Fuel

Distillate Markets
Prices

Inflection Points: Flirting With The Red Zone

Oil prices continue to defy even some of the most pessimistic expectations, with U.S. crude falling below $48 per barrel earlier this week in response to another Chinese stock-market meltdown.

Transportation

Statoil 2Q Earnings Beat Forecasts

Norwegian oil and gas major Statoil ASA (NYSE: STO) posted better-than-expected second-quarter (2Q) 2015 profits on July 28, while maintaining its quarterly dividend in the current low oil-price environment.

Prices

Markets In Focus: Manic Monday

Having fallen by 30% earlier this month and then rebounding 16% solely on the basis of government support, the Shanghai Composite has lost more than 10% in two days—pulling global stock markets down with it.

Fuels
Transportation

Seaborne Refined Product Exports Surge

From 2011 to 2013, U.S. refined product exports rose by 18% to 1.3 billion barrels.The increase has continued into 2015, and industry experts agree that U.S. product exports will continue to rise in the foreseeable future.

Distillate Markets
Prices

This Week in Refining: Bad News Bear Market

U.S. oil prices remained in bearish territory July 24, settling with a weekly loss of more than 5% with ongoing concerns over global oil supplies, a rise in domestic oil drilling rigs and China-demand worries.

Fuels
Distillate Markets

Total Weighs Selling 50% Stake In Texas Refinery

France’s Total S.A. (NYSE: TOT) is looking to sell a 50% stake in its 224,000 barrel-per-day (bbl/d) Port Arthur, Texas plant—its sole U.S. refinery—and has retained investment bank Lazard to advise on the deal, according to a July 24 Reuters report citing an unnamed source.