Brazil's Durigan says was going to remove the gasoline subsidy this week, but I will consider a potential removal next week
Newsquawk Staff ·
- We will see an increase in ethanol content of gasoline to 32% in the coming days.
- The decision was set to be made yesterday by the national energy policy council, but was postponed due to the war in the Middle East.
- We also want to see an increase in the biodiesel blend in diesel this year.
- China and Russia agree to support firms to expand oil cooperation, Xinhua reports
- IRGC says Saudi and UAE pipelines cannot replace the Strait of Hormuz and Hormuz Strait has no alternative for oil transit, reports SNN
- US EIA Gasoline Production Change (Oct/16) 0.518M (Prev. -0.117M)
- US EIA Gasoline Stocks Change (Oct/16) -2.952M vs. Exp. -0.4M (Prev. 3.518M)
- EIA Expectations: Crude -1.24M, Distillate -1.33M, Gasoline -0.33M
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