GFM Network News


U.S. oil refiners press on renewable diesel for Canadian market

Few such projects seen moving forward within Canada

Reading Time: 2 minutes Winnipeg/New York | Reuters — U.S. oil refineries are moving aggressively to produce renewable diesel, partly to cash in on Canada’s greener fuel standard before Canadian refiners modify their own plants. Canadian Prime Minister Justin Trudeau’s government intends to present its Clean Fuel Standard this year, aiming to cut 30 million tonnes of emissions by […] Read more

Diesel prices expected to trend lower

Reading Time: < 1 minute MarketsFarm — Canadian producers may enjoy a lower diesel bill during spring seeding, as reductions in demand have weighed on diesel prices across North America. Patrick DeHaan, head of petroleum analysis for GasBuddy, said retail diesel prices are down by about 10 to 15 cents per litre since the beginning of the year. The drop […] Read more


Canada to cut speed limits for trains hauling dangerous goods

New curb follows another Saskatchewan crash, fire

Reading Time: 2 minutes Ottawa/Winnipeg | Reuters — The federal government said Thursday it would impose temporary speed limits on trains hauling dangerous goods after a Canadian Pacific Railway (CP) crude oil train derailed and caught fire. The accident, which happened in the early hours of Thursday near Guernsey, Sask., about 40 km south of Humboldt, was the second […] Read more

New environmental rules expected to further lift diesel prices

Reading Time: 2 minutes MarketsFarm — Diesel prices in Canada and the U.S. have increased marginally ahead of winter, which is expected for this time of year — but in the New Year, prices on the farm will likely be higher than normal, as the ocean freight industry adopts new environmental standards. While a farmer’s demand for diesel is […] Read more


U.S. diesel prices hit three-year low as harvest delays feared

Reading Time: 2 minutes New York | Reuters — Diesel prices in the U.S. Midwest have sunk to a three-year seasonal low as farmers in the region face adverse weather conditions, further complicating an already delayed harvest season, traders and farmers said. Diesel demand typically rises during harvest season because farming equipment and trucks transporting product use the fuel. […] Read more

U.S. Midwest floods to weigh on diesel demand come harvest

Reading Time: 2 minutes Putnam County, Ill. | Reuters — A disappointing planting season due to massive flooding in the U.S. Midwest this spring is expected to have spillover effects on diesel demand during harvest season, analysts and traders said. Heavy storms that lingered over the Midwest left millions of acres unseeded and put crops that were planted late […] Read more



Rising diesel prices coming

Reading Time: 2 minutes MarketsFarm — Higher diesel prices are on the horizon for Canada and the U.S. in 2019. GasBuddy.com senior petroleum analyst Dan McTeague pointed to an increase in overall demand, combined with a slowdown in heavy oil production and the federal carbon tax as well as pending IMO 2020 regulations — that is, the International Marine […] Read more


U.S. EPA changed rules to help refiners get biofuel waivers, suit alleges

Reading Time: 3 minutes Reuters — U.S. environmental regulators quietly changed the way they assess applications from refineries for waivers from the nation’s biofuels law, making it possible for highly profitable plants to secure lucrative exemptions, according to court documents filed by a biofuels trade group on Thursday. The new documents, part of a lawsuit that began last year, […] Read more