EghtesadOnline: Oil prices fell for a second day on Friday, pressured by a surprise rise in US stockpiles as the coronavirus pandemic continues to erode demand for fuels .

EghtesadOnline: Exxon will postpone the start of expansion works at its Beaumont refinery in Texas because of still slow demand for fuels , Bloomberg reported, citing unnamed sources familiar with the situation.

EghtesadOnline: Iran's shipping fleet requires at least 40,000 tons of low-sulphur fuels per month to comply with the International Maritime Organization’s new regulations demanding a 0.5% global sulphur cap for marine fuels , managing director of the Islamic Republic of Iran Shipping Lines (IRISL) said.

EghtesadOnline: To help improve the quality of low-sulphur fuels and its compliance with the International Maritime Organization’s new rules (sulphur content no more than 0.5%) took effect on Jan 1, a refinery will start work in Bushehr Province in the near future, managing director of Kharazmi Technology Development Company said.

EghtesadOnline: A study conducted by the Department of Environment on gasoline and diesel quality indicates both fuels sold in the country contain dangerous chemicals above acceptable standards, head of the Comprehensive Assessment Unit at the DoE said.

EghtesadOnline: President Hassan Rouhani said Sunday the country has become self-sufficient in the production of natural gas, gasoline and diesel and has started exporting the three fuels .