Tag

Diesel

All articles tagged with #diesel

business1 day ago•2 min saved

Diesel surge widens as refinery bottlenecks shrink supply

Diesel prices are rising due to a global refinery-capacity shortfall driven by war-related disruptions (notably Russia's refined-product output and Gulf export restrictions) and tighter supplies from chokepoints like the Strait of Hormuz. Diesel futures now sit roughly $100 above crude, signaling broader inflationary pressure as trucking, agriculture, and food producers absorb higher fuel costs (e.g., Performance Food Group reported about $16 million in extra diesel costs).

via Axios|

#business #diesel #energy-shock

business5 days ago•3 min saved

California Diesel Reaches $7/Gallon as Global Refineries Struggle

Diesel prices in California surged back toward $7 per gallon as wars in Europe and the Middle East disrupt refineries and Strait of Hormuz flows, with CA prices up about 30 cents from a month ago and $1.89 higher than a year ago. Global refinery margins have jumped to roughly $100 per barrel, and about 8% of refining capacity is offline, fueling a broader inflationary squeeze on transportation, farming, and groceries. California remains pricier due to costly imports, a specialized diesel formulation, and state taxes/regulations, and analysts say relief hinges on damaged refineries coming back online and more Middle East exports resuming.

via CNBC|

#business #california #diesel

economy7 days ago•5 min saved

Diesel Surge Sparks Inflation Fears Ahead of U.S. Midterms

Diesel prices climb to about $5.47 a gallon with crack spreads at a record high, lifting costs for trucks and farmers and reigniting inflation worries ahead of the midterm elections; global supply constraints from Middle East tensions and Russia, alongside strong U.S. refining activity, constrain availability and fuel policy discussions about exports and strategic reserves.

via Financial Times|

#diesel #economy #energy

energy26 days ago•18 min saved

Diesel Crunch Takes Center Stage as Oil Markets Tighten, Goldman Says

Goldman Sachs says diesel is at the epicenter of a widening global fuel crunch driven by war-related refinery outages in the Middle East and Russia. July refining throughput has fallen as much as 6.5 million barrels per day vs. a year ago, with diesel exports down about 2.6 million bpd (roughly 35%), leaving middle-distillate inventories below seasonal norms and pushing refining margins to record highs as gasoline, diesel, and jet fuel supplies tighten.

via Crude Oil Prices Today | OilPrice.com|

#diesel #energy #goldman-sachs

business1 month ago•3 min saved

Ukraine drone strikes ignite global diesel squeeze as Russia cuts exports

Ukraine's drone strikes on Russian refineries have damaged oil infrastructure and driven Moscow to curb exports, triggering a global diesel price surge—including U.S. prices above $5/gal—and prompting fuel rationing and shifts to imports (e.g., from India) as sectors from agriculture to logistics feel the disruption.

via Axios|

#business #diesel #drone-attacks

business1 month ago•328 min saved

Gas Nears $4, Diesel Tops $5: A Refinery Crunch Behind the Spike

Gas is climbing toward $4 a gallon and diesel above $5, but the jump isn’t just about crude prices. A tightening global refining system—Middle East war damage that knocked out many refineries, Ukrainian drone strikes that curbed Russian diesel exports, and US refineries running near full capacity while sending more fuel abroad—has pushed crack spreads higher and left gasoline inventories near their lowest since 2012. With demand rising in summer and heat potentially hampering refinery efficiency, fuel prices could stay elevated even if crude prices don’t rise much.

via CNN|

#business #diesel #gas-prices

business1 month ago•2 min saved

Fuel-fears push U.S. gas prices higher as Hormuz tensions escalate

Diesel tops $5 per gallon and gasoline nears $4 in the U.S., driven by renewed U.S.–Iran tensions over the Strait of Hormuz and ongoing market volatility; AAA notes broad cost impacts from diesel-driven transport, with oil around $81 per barrel.

via The Guardian|

#business #diesel #energy-markets

environment1 month ago•18 min saved

EPA Proposes Ending Limp-Mode for DEF Failures in Diesel Trucks

The EPA proposes removing derates and limp-mode triggers tied to DEF failures for newly built diesel engines, aiming to cut costs and boost productivity while preserving about 90% of NOx reductions. If finalized, the rule would apply to 2027-model-year vehicles with a 45-day public comment period, and older trucks would still derate; the plan also eases warranty requirements and relies on warnings rather than immediate shutdowns.

via The Autopian|

#def #diesel #emissions-regulations

energy1 month ago•6 min saved

Diesel shock widens as Russia cuts exports, lifting global fuel prices

Russia’s ban on diesel exports tightens global supplies, pushing European diesel prices to multi-year highs even as crude falls, and threatening inflation and affordability for motorists, farmers and manufacturers; the disruption is worsened by Ukraine strikes on refineries and renewed Gulf shipping tensions, with risks of shortages spreading to other regions if inventories remain low.

via Financial Times|

#diesel #energy #energy-markets

world1 month ago•324 min saved

Russia halts diesel exports after Ukraine strikes, tightening global fuel supply

Russia has fully banned diesel exports after Ukrainian drone strikes on refineries, intensifying domestic supply pressures while raising concerns about global diesel flows as tensions in the Strait of Hormuz persist; prices rose earlier this week, with Turkey and Brazil among the main buyers, and analysts say the export curbs are unlikely to be permanent even as shortages appear at home.

via CNN|

#diesel #energy #russia

politics1 month ago•6 min saved

Trump plan rolls back Biden diesel rules, touts trucking relief

Trump administration proposes rolling back Biden-era heavy-duty truck emissions rules, arguing it would save about $12 billion for truckers and lower prices for goods by eliminating DEF-related deratings and speed restrictions on new highway and nonroad engines, while preserving roughly 90% of NOx reductions and easing emissions-warranty requirements; supporters say the changes boost supply-chain efficiency and consumer prices while maintaining environmental protections.

via Fox News|

#diesel #emissions #epa

world2 months ago•4 min saved

Russia weighs sweeping diesel export ban to curb domestic fuel crunch

Russia is weighing a blanket ban on diesel exports to calm a domestic fuel market strained by Ukrainian drone strikes and refinery disruptions, as regional rationing grows and the government considers distribution changes and potential Asia fuel imports to cover peak travel and farming seasons.

via The Moscow Times|

#diesel #energy-policy #fuel-shortages

politics2 months ago•16 min saved

Trump pardons spur clemency push for diesel-emissions felons

Trump’s pardon of a diesel-truck mechanic who disabled emissions monitors has spurred a lobbying push by other Clean Air Act offenders seeking presidential clemency, arguing they were helping truck owners and shouldn’t face harsh penalties. The effort reflects a broader pattern of pardons outside DOJ guidelines and fuels a debate over criminal versus civil penalties for emissions tampering, with some Republicans proposing expunging such records while the White House reiterates that the president is the final decision-maker.

via Politico|

#clean-air-act #diesel #epa

world2 months ago•1 min saved

UK sets deadline to end Russian diesel and jet fuel imports by the new year

The UK will phase out imports of Russian diesel and jet fuel by the new year as part of intensified sanctions to pressure Moscow, with officials saying the measures will stop refined oil made from Russian crude from entering the UK via third countries. The move comes as Brent crude rises toward $87 amid Middle East tensions and a potential deal to end the conflict, while critics like Bill Browder argue the policy could finance Russia’s war machine.

via BBC|

#diesel #jet-fuel #oil-prices

business3 months ago•4 min saved

Fuel Price Rollercoaster: Petrol and Diesel Jump Again Across India

Petrol and diesel prices in India have risen for the fourth time in 10 days, with petrol up by ₹2.61 and diesel by ₹2.71 per litre, pushing Delhi’s rates to ₹102.12 for petrol and ₹95.20 for diesel. The hikes, driven by global crude pressures amid Middle East tensions and post-election policy shifts, are higher in several states due to VAT, drawing public criticism of the government’s price management.

via Gulte|

#business #diesel #fuel-prices