Reading Time: 3 minutes Houston | Reuters — Global prices for diesel and marine fuels should rise by October ahead of a January switchover to new, very low-sulphur marine fuels, and remain higher for at least a year as refiners shift production to make more of the new fuels, analysts said. Marine fuels containing no more than 0.5 per […] Read more
New marine fuel rules to boost diesel prices for at least a year, analysts say
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
Oil sanctions on Venezuela could benefit Canada
Reading Time: 2 minutes How Canada benefits from the oil sanctions the United States plans to place on Venezuela is contingent on the country’s ability to move its Western Canadian Select crude oil to U.S. refineries, said two oil industry experts. As part of an effort to effect regime change in Venezuela, U.S. President Donald Trump announced this week […] Read more
Tight supplies could see diesel prices rise
Reading Time: 2 minutes CNS Canada – As supply tightens, farmers should consider stocking up on diesel before it’s too late, according to an analyst. “We think the market’s getting kind of overdone down here and this might be your best chance…if we do get a cold winter I think we’ll see these prices really pop,” said Phil Flynn […] Read more
Dwindling diesel supplies could boost price
Reading Time: 2 minutes CNS Canada — Strong global demand and a looming North American harvest could send diesel prices higher in coming months. According to one energy analyst in Chicago, farmers may want to buy some fuel before prices get too high. “We’re telling our people to hedge some of your exposure, because we do think that, barring […] Read more
Trump said considering counting ethanol exports toward quotas
Reading Time: 3 minutes New York | Reuters — U.S. President Donald Trump told a group of senators on Tuesday he is considering allowing exported ethanol to count toward the volumes mandated under the nation’s biofuels law, a move intended to appease both Big Oil and Big Corn by cutting the refiners’ regulatory costs while preserving demand for corn. […] Read more
Enjoy stable diesel market while you can, analyst says
Reading Time: 2 minutes CNS Canada — The short-term outlook for the diesel market in North America calls for current prices to remain largely untouched through spring planting — but it could change drastically after that. According to Tom Kloza of the Oil Price Information Service in New Jersey, prices for diesel could even get higher than crude oil. […] Read more
Rising diesel could surge with U.S. infrastructure plan
Reading Time: 2 minutes CNS Canada — Diesel costs in Western Canada are roughly eight to 10 cents higher on average than anytime in 2017, and an industry expert warns that gap could grow even more with a potential surge of U.S. construction. “I think we’re already seeing more evidence of a robust, consumption-driven U.S. as more disposable income […] Read more
Ford to launch diesel truck to grab fuel economy edge
Reading Time: 2 minutes Detroit | Reuters — Ford Motor Co. plans this spring to offer a diesel engine version of its best-selling F-150 pickup truck, looking to gain a marketing edge as its main rivals ramp up more efficient pickups of their own. Ford executives said they expect the F-150 diesel model with a 10-speed transmission to achieve […] Read more
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