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Fuel
Economy
U.S. inflation reaches 2-year high of 3.3 percent in March as gas price surge impacts broader economy
Gasoline prices climbed 21.2 percent in March, marking record increase since 1967
Energy
U.S. approves emergency summer higher-ethanol gasoline sales to curb soaring fuel prices
Agriculture Secretary hails move as step toward American Energy Dominance supporting domestic biofuel demand
Asia
Japan initiates largest-ever strategic oil release as gasoline prices hit record 190.80 yen
State reserves drawdown equals 30 days of demand roughly 8.5 million kiloliters scheduled through April end
Asia
China implements first fuel price control since 2013 to mitigate global oil volatilityÂ
New price caps save chinese drivers hundreds of dollars per tonne
Asia
China’s marine fuel oil exports plunge 32 percent YoY to 1.32 million tons in March
The exports are primarily driven by sales from bonded storage for vessels operating on international routes