As news of the Volkswagen scandal broke in the US, it was only a matter of time before the storm hit Europe’s shores. The news was just one more log on the blaze of bad publicity the diesel industry has received in recent times. Moreover, in cultural terms, nitrogen oxide emissions seem to have overtaken carbon dioxide as the more “evil” of the two pollutants.
Posts Tagged ‘diesel’
By Caroline Knight and Reinout Geyssens | October 6, 2015 12:01 AM Comments (2)
By Robert Perkins | October 5, 2015 12:01 AM Comments (1)
By David Henry | August 26, 2015 12:01 AM Comments (4)
Disclaimer: This post in no way, shape or form is an endorsement for or against Donald Trump or any other presidential candidate, for that matter. Nor is it an endorsement of this made-up “wall tax.”
By now, you know the spiel. The Republican front-runner for US president, businessman Donald Trump, insists he is going to have a wall built on the US-Mexico border and he is going to make Mexico pay for it. But how? Here’s an idea for Mr. Trump – one of the first places to look is refined products.
By Faiza Hassan | April 27, 2015 07:00 AM Comments (0)
We all notice how natural disasters impact commodity values, whether it’s a hurricane immediately raising gasoline prices at the pump, or snow storms leading to an uptick in demand for heating oil.
Take the Midwest for example. Wet weather has delayed spring planting, resulting in a build of diesel stocks in the Midwest, feeble agricultural demand, and really low prices.
By Geoff Craig | March 5, 2015 08:29 AM Comments (0)
Spring might be around the corner, but for residents of New York and Boston who just experienced one of the coldest Februarys on record, the change in seasons cannot come soon enough.
By John Kingston | January 5, 2015 03:21 PM Comments (1)
It has been a wild ride for the US Gulf Coast diesel market, driven by oversupply and tax considerations in just the last two weeks.
The longer-term market is reflecting that glut, because the NYMEX ULSD contract is in a relatively steep contango of 10 cts/gal out over the next year. But in the short-term, it’s been the physical Gulf Coast market that’s been the most interesting.
By Elizabeth Bassett | December 10, 2014 05:34 PM Comments (3)
The end of December is just around the corner, and it’s typical at this time of year for publications to take a grand look backward to sum up the year. What kind of proclamations can we make about the global oil industry in 2014? What sort of lessons are there to be learned, and how will we look back on 2014 years from now?
As tempting as it may be to take that look in the rearview mirror, today we’re going to look ahead with our December version of The Oil Big Five. By now you know the drill: We ask our Platts editors and analysts in offices around the globe what they think are the biggest issues or topics in the oil world for the upcoming month, and then we ask you for your thoughts. Are we right, are we wrong, and what do you want to see covered? Leave us your comments here or with #oilbig5 on Twitter.
By Olivier Lejeune | July 31, 2014 11:06 AM Comments (1)
London mayor and prime minister hopeful Boris Johnson announced this week amid much fanfare a new levy on diesel vehicles entering the capital. This made it to the front pages of many UK newspapers, despite ongoing wars in Syria, Gaza, Iraq, Libya and Ukraine, underscoring the significance to the daily lives of many Britons.
The plan is to charge diesel vehicles entering London £10 ($13) on top of the existing congestion charge (£10-11.50) from 2020, presumably providing an incentive for switching to cleaner vehicles over time. The levy will only apply to vehicles that do not meet the Euro 6 fuel standard, which means most diesel cars built before this year. Petrol cars built before 2006 will also be affected by the policy.
By Jeffrey Bair and Joshua Mann | May 19, 2014 02:34 PM Comments (0)
For the pulse of the fuels markets, it’s always best to look at the price of spot pipeline space, and a steady-to-weakening market for pipeline capacity in the US Gulf Coast and Atlantic Coast markets is reflecting how motivated traders are to ship gasoline and distillates along the nation’s busiest products pipeline.
Space on the Colonial Pipeline’s 1.16 million b/d Line 2—which ships diesel, heating oil and jet fuel in parallel to the gasoline-specific Line 1 from Pasadena, Texas, to the hookup with Line 3 in Greensboro, North Carolina—was trading at a discount Friday and Monday. Sources said the space was offered at minus 25 points/gal Monday after trading at 25 points/gal and 50 points/gal Friday.
By Jeffrey Bair | April 24, 2014 02:39 PM Comments (0)
I was slowing down over at the Pricelock energy listings in search of a job posting for a flatbed driver — maybe a Ford, maybe not, who knows? — when something much more interesting caught my eye.
Four cities in New England were looking to buy 1.214 million gallons of 87- and 89-octane gasoline over the next three years.
That’s a serious chunk of change, and enough gasoline to fill 60,000 Crown Vic police cruisers.