gasoline

Russia turns to India for gasoline as drone strikes cripple refineries

Top Russian energy companies have approached Indian refiners for additional gasoline supplies as Ukrainian drone strikes have knocked out a large share of Russia's refining capacity, Reuters reported on Tuesday. The move deepens an energy relationship that has seen India…

Crack spreads top $60 as refining margins hit records

The gap between what refineries pay for crude oil and what they earn selling gasoline and diesel has blown past all previous records, with the benchmark 3-2-1 crack spread reaching $58.18 per barrel this week and climbing toward $62 by…

Putin signs tax law to boost fuel supply amid deepening crisis

Russian President Vladimir Putin on Saturday signed a law amending the country's Tax Code, introducing new excise measures aimed at incentivizing increased gasoline supply to the domestic market as Russia grapples with its worst fuel crisis in decades.