Reading Time: 2 minutes CNS Canada — Canadian diesel prices should go down between now and the end of the summer, according to a fuel expert. Since early May, the price of diesel across the Prairies has largely been in and around the 94-98 cents per litre range. Tom Kloza of the Oil Price Information Service reported prices on […] Read more
Diesel prices seen softening soon
Brazil farm belt roads blocked in new trucker strike
Reading Time: 2 minutes Sao Paulo | Reuters — Truckers in Brazil resumed roadblocks across the country’s main farm belt early on Thursday, after failing to reach common ground in talks with the government and freight companies in recent weeks regarding pay and fuel prices. Highway police on Thursday evening estimated that protesters had blocked roads at 17 points […] Read more
Diesel prices expected to see pressure in second quarter
Reading Time: 2 minutes CNS Canada — The spring thaw may bring lower diesel prices to farmers in North America, according to a New Jersey-based oil expert. “A lot of new refining, worldwide, is coming on for diesel,” said Tom Kloza, chief oil analyst at the Oil Price Information Service. Compared to other fuels such as gasoline or jet […] Read more
Brazil truck strike grinds into second week, port access cleared
Reading Time: 2 minutes Sao Paulo | Reuters — Truckers staged nearly 100 roadblocks across Brazil’s farm belt on Wednesday as protests stretched into their eighth day, though access to the country’s biggest port was cleared after police clashed with protesters who had briefly halted traffic there. The steadily widening blockades have sparked growing fuel and supply shortages and […] Read more
Regulatory requirements seen keeping diesel prices high
Reading Time: 2 minutes CNS Canada — Diesel prices in North America aren’t likely to come down to the levels of gasoline anytime soon, according to an analyst. “It’s probably going to trade at a premium to gasoline for some time,” said Phil Flynn, energy market analyst for Price Futures Group in Chicago. One of the main challenges facing […] Read more
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