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.
Getting to Zero Coalition, which includes Maersk Line, calls for “commercially viable zero-emission vessels” to be deployed on deep sea trade by 2030.
The weekly average retail diesel price posted Monday by the Department of Energy (DOE) was in the top 20 biggest one-week increases in the history of the data series – and particularly steep compared to upward moves in the last seven years. The DOE/Energy Information Administration (EIA) price posted Monday was $3.081/gallon, up from $2.987/gallon, […]
UPS was an early adopter of LNG, now it has its sights set on RNG.
Diesel consumption in California fell in the beginning of 2019, led some to believe that there was a sudden transition to other fuel sources.
Whether its a small renewable diesel plant or a big refinery expansion, growth is ongoing.
California moved as expected Friday, Sept. 20, to sue the Trump administration over stripping its waiver to set tougher emissions standards for passenger cars and light-duty trucks than the federal government.
FIATA warns that higher air, ocean and trucking fuels costs will be passed directly on to customers.
After a week in which oil and diesel prices rose and fell like a tanker on a wind-whipped ocean, FreightWaves Radio will have a wide-ranging discussion about petroleum prices on this weekend’s edition, broadcast over SiriusXM Road Dog Trucking. Co-host John Kingston will be joined by S&P Global Platts senior editor Brian Scheid and FreightWaves’ […]
As the world’s top producer of oil, the United States is more than capable of withstanding the global effects of the Saudi Arabian refinery attack.
MOL continues its foray into experimenting with LNG with an innovative LNG-powered tugboat; meanwhile, MOL’s LNG-bunkering business signs deals around the world.
Saudi Energy Minister Prince Abdulaziz bin Salman at Tuesday press conference discussing status of country’s oil industry. And just like that, the great Saudi oil crisis of 2019 might be over. In a press conference carried over the Internet, a significant step for the usually publicity-shy kingdom, Saudi energy minister Prince Abdulaziz bin Salman said […]
Oil markets completed their first full day of trading following the drone attacks on Saudi processing facilities, with the global crude Brent benchmark rising more than 14% at the close and heading back up toward where prices were when trading began late Sunday U.S. time. The one comforting fact for truckers is that ultra low […]
U.S. Chamber chief Tom Donohue also commented on status of China trade talks, USMCA.
With oil prices climbing 20%, bunker and BAF costs are expected to follow suit after Saudi drone attacks
A market covers its shorts but also ponders the vulnerability of the Saudi oil system.
Diesel prices could spike by over 20% overnight due to the market coming to grips with the biggest blackswan event to hit oil in over a decade. On Friday night, while most of the U.S. was settling in for a weekend of high school, college and professional football, the world’s second largest oil producer was […]
The drone attacks were a combination of low-tech equipment versus an oil giant, creating more disruption than any time in recent history.
World No. 2 producer shuts in half of production due to overnight attacks.
A refinery in the Caribbean that was closed in 2012 is springing back to life, and it has a role in IMO 2020 compliance.
Higher transport costs are a price worth paying to cut carbon emissions, says a U.K. government energy czar. Ship owners beg to differ.
