diesel News Updates

Mexico has recovered as much as $10.9 billion in tax revenue this year due to the government’s efforts to stop illegal fuel imports, the head of Mexico’s customs agency said Oct. 20.

New Fortress Energy has reached a tentative deal that may allow it to deliver LNG to its terminal in Puerto Rico after it hammered out an agreement with tugboat operators, local media reported.

Chevron Corp.’s El Segundo refinery in Los Angeles County has extinguished a fire that broke out the night of Oct. 2 and shut multiple units.

Money managers turned the most bullish on diesel in four weeks after Fed Chair Jerome Powell signaled openness to a rate cut last month.

U.S. oil production is now expected to fall in 2026 as prices slide, according to a government forecast, reversing years of growth that propelled the country to the world’s top producer.

Phillips 66 is maximizing diesel production to take advantage of strong demand and would consider investing in projects that give its refineries the flexibility to make more of the fuel.

In the middle of the U.S. summer driving season, diesel is knocking gasoline off its perch as the hot fuel bet and has become one bright spot in an oil market bracing for a glut this year.

U.S. stockpiles of diesel products have dropped to the lowest for the time of year since 1996, while in Europe benchmark futures are signaling a tight market.

Recent data and developments indicate at least one emerging technology’s path forward is becoming clearer — renewable natural gas.

More and more Chinese trucks are being powered by batteries, another sign that oil-based fuels are getting shoved to the sidelines in an increasingly electrified economy.