Heating Oil News

• Companies bid $264M in Gulf oil sale mandated by climate law 03/29/2023
  Manchin issued a statement saying the sale results showed the climate bill was “holding this administration’s feet to the fire” to continue fossil fuel production. The climate law also raised the ...
• Saudi Aramco Bets On Continuous Growth Of Chinese Oil Demand 03/29/2023
  Saudi Arabia sells its crude oil under long-term contracts, so it has a guaranteed share of the Chinese market. But Russia, having pivoted to Asia for crude and fuel sales after the Western sanctions, ...
• Maruti Owners To Get More Benefits When Refuelling At Indian Oil Outlets 03/29/2023
  The benefits will come from a loyalty program, which will come into effect from April 1. Maruti Suzuki partnered up with Indian Oil Corporation Limited (IOCL) in September last ye ...
• Sri Lanka slashes fuel prices in welcome relief amid crisis 03/29/2023
  In a related development, petroleum industry trade unions opposing a government decision to give licenses to three companies from the United States, Australia and China to run fuel stations in Sri ...
• Sri Lanka to reduce fuel prices as economic conditions improve 03/29/2023
  Colombo: Sri Lanka’s Power and Energy Minister Kanchana Wijesekera said Wednesday that fuel prices will be reduced in the country from Friday midnight. The price of 92 Octane petrol will be reduced by ...
• Sri Lanka Slashes Fuel Prices In Welcome Relief Amid Country's Worst Economic Crisis 03/29/2023
  Sri Lanka’s government on Wednesday announced significant cuts in fuel prices, providing welcome relief for many after a year of shortages and skyrocketing prices amid the country’s worst economic ...
• Russian oil influx boost storage fees at Fujairah to record highs 03/29/2023
  The European Union banned imports of Russian crude and oil products in December and February, respectively, forcing shipments to head elsewhere. Restrictions on access to Western insurance and ships ...
• Russia March fuel oil exports to Singapore and Malaysia hit record-traders, data 03/29/2023
  The European Union's full embargo on Russian oil products came into effect on Feb. 5 and the bulk of Russia's fuel oil and VGO was redirected to other regions, mostly Asia, long before the deadline.
• Gas retailing in Indian cities needs fewer but bigger players 03/29/2023
  Consolidation is required among natural gas retailers in India to achieve economies of scale, according to Hardip Singh Rai, the CEO of Think Gas. Global interest is mounting from upstream players to ...
• India will help Sri Lanka in oil sector despite recent changes: Officials 03/29/2023
  Sri Lanka has awarded licences to China's Sinopec and two other foreign oil companies to operate in its volatile retail fuel market where a state-owned Indian firm has a leading share. Officials said ...
• Petrol, diesel prices on March 29: Check rates in your city 03/28/2023
  Fuel prices in India. In India, oil marketing companies (OMCs) review petrol and diesel prices on a daily basis, and rates are increased, decreased or kept steady. At 6am each day ...