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.
If oil prices are going to start moving in reaction to IMO 2020, the last two weeks may have been the time with the first signs of that occurring. There were enough movements in the market – except for the overall outright price – that could at least lead market observers to speculate that something […]
File this one under the category of “be careful what you wish for.” In a letter to the federal Pipeline and Hazardous Materials Administration (PHMSA) filed as part of a long series of comments by many made to the federal agency, Phillips 66, a leading refiner, brings up the impact on IMO 2020 if a […]
From Oct. 1 new low-sulfur fuel charges are being levied by some container lines with more to follow through Q4. Use of the fuels is not mandatory until January 1, 2020.
A weekly look at what occurred in the oil markets of the U.S. and the world this past week and what’s ahead. The Dallas Federal Reserve Board’s quarterly survey of conditions out in the oil patch is positive for the trucking sector only in one sense – production looks like it is going to continue […]
As California tightens trucking emissions, natural gas seen as most viable in market currently.
Ben Thrower writes about the coming IMO 2020 regulations and its impact on the shipping industry.
U.S. trucking operators, heed this warning from Asia. Maritime experts say that after the IMO 2020 deadline, fuel availability will be uncertain, scrubbers won’t work, stockpiles will “evaporate” and fuel prices will “go through the roof”.
New regulations are expected to affect around 60,000 ships, requiring them to reduce their sulfur emissions by more than 80%.
But batteries have a better future in more regional hauls.
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 […]
