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
Tag Archives diesel — page 4
Rising diesel could surge with U.S. infrastructure plan
Ford to launch diesel truck to grab fuel economy edge
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
Diesel prices poised to rise in new year
CNS Canada — The lingering effects of two large hurricanes in the U.S. continue to be felt in the diesel market as harvest winds down throughout North America. In particular, Hurricane Harvey was a disruptive force on the U.S. energy market as it temporarily halted production at refineries. Both gas and diesel prices rose in […] Read more
Storms worsen summer slump in U.S. diesel supply
New York | Reuters — U.S. diesel stockpiles did something this year that has never happened in the summer before: They shrank. And that was even before Hurricane Harvey landed, knocking out a quarter of U.S. refining capacity, crippling production of fuel products. Thanks to surprising summer demand, particularly from exports, inventories of diesel, jet […] Read more
Diesel prices could rise further in Harvey’s wake
CNS Canada — Diesel prices in Western Canada have risen by about six to seven cents a litre since Hurricane Harvey ravaged the petroleum-rich Texas coast. An expert with the fuel industry says harvest pressure will likely keep the diesel market from correcting downward, and push prices up a bit more. “So (the market) appears […] Read more
Court decision may boost biofuels, hit refiners
New York / Reuters – The U.S. government may have to require more biofuels to be blended into the country’s fuel supply after a court ruled on Friday that the mandates must be reconsidered, a decision that boosted renewable fuel credits to seven-month highs on financial markets. The decision sank stock prices of independent refiners […] Read more
U.S. proposes cutting biofuels requirements due to ‘market realities’
New York | Reuters — The U.S. government on Wednesday proposed reducing the volumes of biofuel required to be used in gasoline and diesel in 2018, in a move that could mark the first step towards a broader overhaul to the controversial energy policy. The U.S. Environmental Protection Agency (EPA) proposal marked a slight decline […] Read more
Diesel prices soften, but watching U.S. infrastructure plan
CNS Canada — Sinking prices for crude oil and a softer Canadian dollar have kept diesel prices relatively low for Canadian farmers in 2017, and they could be heading lower, as long as U.S. President Donald Trump’s infrastructure plan doesn’t get in the way. “I would probably say in Canada you’re going to see numbers […] Read more
Diesel prices to start edging up in 2017
Commodity News Service Canada – An improving U.S. economy and a global deal to limit oil production should give diesel prices a boost in the coming year. “We’ve been blessed with low diesel prices the past few years but we’re probably looking at higher prices in the New Year,” said Phil Flynn of Price Futures […] Read more
Diesel prices look to settle in for fall, early winter
CNS Canada — Canadian diesel prices appear to be settling in for a relatively uneventful autumn, according to an industry watcher. “Unless we get a vortex kind of winter, when a lot of diesel is used for heating purposes, I think it’s another cheap autumn-winter scenario shaping up,” said Tom Kloza of the Oil Price […] Read more
Cyber-Savvy Farmer
