Price of ship fuel surging, poised to eclipse all-time high
The cost of ship fuel looks like it’s about to topple records set in 2012 and 2008.
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.
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.
There may be more to come: The key commodity benchmark for diesel is at levels not seen since 2014.
Also covered on the podcast is the spillover from the natural gas price surge.
The gain is 4.4 cents a gallon, while the price on the key commodity exchange is even higher.
Host John Kingston dives into the surging price of oil and diesel.
Consumers of diesel saw their prices rise by about 17% in 2021.
OPEC sees a first-quarter supply/demand surplus that is now likely to be smaller than earlier forecast.
Fuel levies hit two weeks before other surcharges and eight days after 2022 rate increases.
Also on the podcast: What’s holding back US investment in more oil drilling?
Even as retail prices drift lower, commodity diesel prices have posted two days of sharp declines.
Renewable diesel continues to grow in popularity due to its emission-reduction potential and health benefits for workers and surrounding communities.
Also on the podcast: The incredible shrinking US refining sector.
“Demand for RNG will continue its rapid growth trajectory. We are in the early days of seeing corporate goals to reduce carbon turned into actual actions,” Greg Roche, vice president of sustainability at Clean Energy, told FreightWaves.
Commodity markets have calmed down for now at least, and retail is catching up to earlier declines in the wholesale market.