China's diesel demand is set to post its first fall in more than a decade this year, sources at the country's top oil majors said, as a sputtering economy takes its toll on key industrial sectors.     Read Article  +

Russian GDP grew only 0.9% year-on-year during the first quarter, and actually declined frm the previous quarter. The slowdown, anticipated earlier this year with the Russian authorities cutting their long-term economic outlook, has apparently st...  +

Nuclear talks between Iran and the P5+1 group (US, Britain, France, China, Russia and Germany) failed to conclude by its original deadline of July 20 and is now extended for another 4 months until a final deadline of November 24. The parties are e...  +

Chinese refinery runs gained 5.6% y-on-y in June, to an average of 10.2 mmb/d (the second highest rate ever), even as crude imports registered a 10% growth y-on-y to 6.1 mmb/d over the same period. Firstly, it seems that refiners have continued t...  +

Despite lower production and reduced demand, Japan's fuel oil imports in May were up 48.8% y-on-y. Fuel oil demand has become closely tied to Japan's power needs over the last three years, after the shut-down of its nuclear reactors post-Fukishim...  +

The improvement in the economic condition has been reflected in car sales figures. During the first four months of the year, car sales jumped by 7% (Euro-15). Among the biggest markets, sales in Spain surged by more than 16% from a year ago, whil...  +

The European Environment Agency published preliminary data about the fuel efficiency of the cars sold in 2013, claiming that they were 4% more efficient from a year ago and 10% more efficient compared to 2010. This, however, is based on values de...  +

There has been a remarkable improvement in motor fuels consumption so far this year. Road transport fuel demand has accelerated over the last few months, with diesel demand actually growing y-on-y. This development is more driven by Germany than ...  +

Chinese crude imports continued to display robust y-on-y growth, standing at 6.16 mmb/d in May. This is 615 kb/d less than April's record high, but in line with refinery maintenance over Q2 and Q3, and recent outages in China's two largest refine...  +

Indian gasoil demand continues to decline, falling by 3.5% in April from a year ago, with negative y-on-y growth for 11 of the past 12 months. The government's policy to remove subsidies through small monthly price hikes has dampened demand, not ...  +