Diesel Fuel

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Container Shippers Hedging Green Transition with Dual-Fuel Vessel Orders

CDN and International News, Diesel Fuel, Energy Topics & Technology, Latest, Natural Gas, Oil / By

Summary Container shipping firms are at the vanguard of the green push Order books reflect uncertainty over supplies of cleaner fuels Dual-fuel LNG ships make up the bulk of container ship orders Shippers invest in other green fuels like methanol, ammonia, hydrogen LOS ANGELES, Nov 21 (Reuters) – Container shipping companies like Maersk , CMA …

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U.S. Gasoline Prices Set to Fall Under $3/gallon as Election Nears

Diesel Fuel, Energy Topics & Technology, Gasoline, Latest, Oil, Pinned Primary, US News / By

Summary US avg. gasoline price set to dip to $2.99/gal by late Oct. Lower fuel prices could help Democrats in election Pump prices down sharply in competitive ‘swing states’ Wild Card: Hurricane Francine churns through oil patch (Reuters) – U.S. motorists should see gasoline prices fall below $3 a gallon for the first time in …

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U.S. Manufacturing Output has Flat-Lined, Dampening Diesel Use: John Kemp

Diesel Fuel, Energy Topics & Technology, Latest, US News / By

U.S. manufacturing production has barely increased since before the pandemic, which explains why diesel consumption remains anemic and has not rebounded in line with expectations at the start of the year. Production increased by a faster-than-expected 0.9% in May after seasonal adjustments, but that followed back-to-back declines of 0.4% in April and 0.1% in March, …

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U.S. Manufacturers in Halting Recovery but Diesel Use Tepid

Diesel Fuel, Energy Topics & Technology, Latest, US News / By

By John Kemp (Reuters) – U.S. manufacturers are gradually emerging from a prolonged but shallow slowdown over the last two years, but progress has been fitful, and their consumption of diesel remains tepid, which is weighing on oil prices. The Institute for Supply Management’s manufacturing index slipped to 48.7 (22nd percentile for all months since 1980) …

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Diesel in the Doldrums as Weak Demand Prompts Refiner Run Cuts

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Asian margins for the fuel have almost halved since February The drop in profits has come as a surprise: Wood Mackenzie Returns from making diesel have fallen sharply over the last few months as supply of the industrial and transport fuel has outpaced demand, spurring refiners to cut run rates and focus on producing gasoline …

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Renewable Fuels Take Bite Out of U.S. Diesel Consumption – John Kemp

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(Reuters) – Biodiesel and other renewable diesel fuel oils are displacing a small but growing volume of petroleum-derived distillate fuel oil in the United States, especially in California and other parts of the West Coast. The result of this policy-driven change is that manufacturing and freight activity is correlated with total petroleum and renewable fuel …

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Bear Market for Diesel Spells Fresh Troubles for Oil

Diesel Fuel, Energy Topics & Technology, Latest, US News / By

(Reuters) – Profit margins for diesel are slumping as new refineries boost supplies and as mild weather in the northern hemisphere and slow economic activity eat into demand, putting oil prices under further downward pressure. The lower refining margins for diesel, one of the world’s key industrial and transport fuels, have already prompted some refiners …

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India’s Fuel Demand Hits New FY Record, up About 5%

CDN and International News, Diesel Fuel, Energy Topics & Technology, Gasoline, Latest / By

(Reuters) – India’s fuel consumption fell 0.6% year-on-year in March, but demand for the 2024 financial year was up about 5%, primarily driven by higher automotive fuel and naphtha sales. Total consumption, a proxy for oil demand, totalled 21.09 million metric tons (4.99 million barrels per day) in March, down from 21.22 million tons (5.02 …

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U.S. Manufacturers Emerge From Slump, Set to Boost Fuel Use: Kemp

Conventional Energy, Diesel Fuel, Energy Topics & Technology, Latest, Oil, US News / By

U.S. manufacturers have finally pulled out of the long, shallow slump that started in the middle of 2022, which will support petroleum consumption especially for diesel and other middle distillates in the months ahead. The Institute for Supply Management’s purchasing managers index for the manufacturing sector climbed to 50.3 in March (34th percentile for all …

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Global Freight Acceleration Will Lift Fuel Prices: Kemp

Diesel Fuel, Energy Topics & Technology, Latest, US News / By

Global trade flows have showed signs of accelerating at the start of 2024, as the major industrial economies began to pull out of the slump that started in late 2022, which should boost demand for transport fuels such as diesel. Short-term activity indicators have been distorted by unusual weather patterns across North America and Europe, …

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