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
Tag Archives diesel — page 3
New marine fuel rules to boost diesel prices for at least a year, analysts say
Rising diesel prices coming
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
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
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
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
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
Farmers worldwide struggle with rising fuel costs
It’s leading some farmers to change their management practices or lock in prices months in advance
The agricultural sector, from Canada and the United States, to Russia, Brazil and Europe, is seeing profits harmed by the rise in diesel prices. The global oil benchmark, Brent crude, touched US$80 a barrel for the first time since late 2014 in mid-May. In the U.S., fuel accounts for about five per cent of farmers’ […] Read more
Trump said considering counting ethanol exports toward quotas
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
Ford begins production on new F-150 with a 3.0 litre diesel engine
This year Ford joins the ranks of automakers that are offering a diesel engine option in half-ton pickups. The 2018 F-150 will be available with a total of six different engine choices, and for the first time a 3.0 litre V-6, turbocharged diesel capable of 30 m.p.g. (7.84 l/100 km) is one of them. The […] Read more
Enjoy stable diesel market while you can, analyst says
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
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