Drilling Deep: Oil market misinformation swirls after Ukraine invasion
There’s a lot of bad information out there about the state of the oil market.
Fuel prices and developments affect the entire supply chain, and can place a lot of pressure on carriers. Check back here for news and information related to fuel prices and the gas sector, plus insights and analysis on trends and issues impacting the industry.
There’s a lot of bad information out there about the state of the oil market.
There are no reports of petroleum export disruptions out of Russian ports.
The seven-week run of increases has taken the benchmark up more than 44 cents.
“Partnering with Bunker Holding will accelerate the marine industry adoption of biodiesel to achieve aggressive carbon reduction goals,” said Bob Kenyon, senior vice president of sales and marketing at REG.
WoodMac’s Shattuck: The U.S. oil and gas industry is embracing a low-carbon future and looking for a way to get to net zero.
Also on the podcast: The torrid pace of diesel consumption.
Green ammonia production emits no carbon dioxide, but it has major safety, cost and scaling hurdles to overcome.
Analysts are arguing whether the price boost coming out of the Ukraine-Russia tensions are the main driver in the market
Engine manufacturer Cummins eyes pledge to lower CO2 emissions by reworking its engine families to run on natural gas, hydrogen or diesel.
Also on the podcast: the global slowdown in oil refining.
“Across the board, our businesses showed momentum and ended the year on a strong note,” said Charles Freund, CFO at Fleetcor.
“This deal is a great opportunity to accelerate our joint sustainability efforts. SAF has a lot of potential to reduce CO2 emissions,” said Adriaan den Heijer, executive vice president at AFKLM Cargo and managing director at Martinair.
This may not matter, but on an inflation-adjusted basis, the current price is still well below the “highest price since” of May 2014.
The cost of ship fuel looks like it’s about to topple records set in 2012 and 2008.
AskWaves dives into the potential benefits and drawbacks of using blue hydrogen on the path to green hydrogen.
Also on the podcast: Some numbers that point to why the diesel market is climbing.
Diesel is rising faster than the price of crude.
The complex nature of markets is evidenced by the fact that the price of natural gas and hydrogen is having an impact on diesel supplies.
The infrastructure, cost and emissions benefits of renewable natural gas make it a promising alternative fuel to decarbonize trucking, experts said.
Host John Kingston also looks at renewable diesel, which might not be as plentiful as envisioned.