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.
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Debt loads are high, prices are stuck and new capital is reluctant to move into the space.
Donaldson hopes to release this solution in 2020 for commercial trucks, which will increase visibility for fleet managers and ultimately save money.
GM, Toyota clash with rivals Ford, BMW that are siding with California.
The news this week that Hyundai Motor Company is planning a hydrogen-powered tractor for global markets, including the U.S., could be the beginning of a larger presence for the company into North America.
World’s largest shipping line teams up with major customers in test of carbon-neutral fuel.
Hyundai has unveiled a fuel-cell powered Class 8 truck, the HDC-6 Neptune, that it plans to launch at an undisclosed time in the future. It will be a global truck for multiple markets, including the U.S.
Truckers and trucking companies worried about IMO 2020’s impact on diesel prices would have received no comfort from what executives said.
The impact of IMO 2020 on diesel prices will be the subject of the lead interview this weekend on FreightWaves Radio. Co-host John Kingston attended the Argus Fuel Oil conference in Miami during the past week and sat down with two of the company’s leading analysts, Stephen Jones and Ed Arnold. Jones is the senior […]
Shippers will shun container lines that lack transparency or overcharge for low-sulfur fuels.
Diesel is a sideshow at the Argus Media conference but the impact on it is always in the background.
Independent trucking group calls the rule “unrealistic”; environmental coalition says it doesn’t go far enough.
Hyundai Motor Co. is expanding its fuel cell ambitions to heavy-duty trucks and trailers with a pair of concepts for next week’s North American Commercial Vehicle show in Atlanta.
The signal that IMO 2020 is here isn’t going to be one big moment. There are other signs to watch for.
French calls for mandatory slow steaming continue, but the introduction of low-sulfur bunkers could see container lines accelerate services as fuel markets are played for competitive advantage.
The explosion and fire were near a refinery, but initial reports that they were at a refinery were incorrect.
Market Voice Ben Thrower writes about electric vehicles – and their potential impact on the U.S. energy grid.
European shippers have joined with leading container line analyst Drewry to bring order to the “who pays what” implementation of IMO low-sulfur fuels.
A report released the same day as the tanker incident shows why it’s hard to envision higher prices.
An influx of new container ships has hiked the average size of vessels deployed on the trans-Pacific and Asia-Europe trades, reports Alphaliner.
The first news led to a spike that pulled back. But prices were higher as the U.S. trading day began.
European logistics giant could bring its famed, eco-friendly distribution centers to North America as its global expansion continues
UPS will add 6,000 natural gas vehicles over the next three years as part of an agreement with Agility Fuel Solutions, which will supply the natural gas systems and infrastructure. The vehicles will include heavy-duty trucks, terminal tractors and package cars.
New pipelines are proving bad news for truckers, according to this RBN Energy report.
Maersk expects ample supplies of low-sulfur fuels to be available in most ports, but warns shippers to expect higher costs.
Drewry expects service levels to be cut by lines if shippers prove unwilling to foot the bill for mandatory low-sulfur fuels.
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 […]
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.
The International Energy Agency now believes implementation of the new fuel rule could be “much smoother than expected.”
BIMCO, ICS, INTERCARGO and INTERTANKO call on charterers, bunker suppliers and nation states to “double their efforts” to ensure a smooth transition to low-sulfur fuel.
Markets for diesel are trending where theyve been for the last year.
According to Euronav, the derivatives market in low sulfur fuel oil is not deep enough to provide a viable IMO 2020 hedge – but it will be soon.
Tanker major Euronav has revealed new details on its strategy to counter IMO 2020 risks.
Since 2016, Air BP has been reducing carbon emissions through its BP Biojet.
Do U.S. corn producers have an opportunity to sell more to Brazil for ethanol production?
The price of new IMO 2020-compliant low-sulfur fuels is already 30% higher than fuels currently in use, but costs will rise further as the Jan. 1 deadline approaches, says consultant
Nikola Corp. expects to raise more than $1 billion in its Series D runding raising. That starts with London-based CNH Industrial that invested $250 million in cash and in-kind help.
The London-based startup is helping ships to optimize their port docking time, allowing them to sail early and save on fuel by sailing slower.
U.S. crude output, according to one estimate, is now at 12.5 million barrels per day.
The engine displacement in Class 8 commercial tractors is expected to drop in coming years as stricter federal emissions standards take effect in the next decade.
There are more shortages of gasoline but diesel has some problems also.
Last-mile movement is one of the least energy-efficient operations within supply chains, and efforts need to be taken to consciously reduce energy expended in that stretch.
Partially synthetic lower viscosity 10W-30 and 5W-30 oils are supplanting the industry standard 15W-40 heavy-duty oil. The new formulas cost more but can bring up to 2 percent better fuel economy with longer intervals between changes.
But good news for the trucking sector: the assets stick around and activity continues
The vast majority of Aussie truck drivers are either fat or obese and they have a terrible diets, new research has found. Meanwhile, New Zealanders fund electric vehicles and Aussie trailer maker reveals a shocker set of financial results.
Most forecasts have been conservative, but not this one.
A lot of new pipeline capacity is kicking in and the need for trains is going to be greatly reduced.
Portuguese truck driver unions have gone on an indefinite strike, demanding better monthly base salaries.
Prices may have turned higher Friday but there isnt a lot of things going on that point that way in the market.
Refinery repairs and OPEC wreak havoc on rates, but there is always the next quarter.
EIV Capital, a Houston firm that invests in energy businesses, recently helped raise $75 million in funding that will research turning dairy cattle’s recycled cow manure into usable, clean energy products. The funding will be used by Amp Americas, a Chicago-based startup that is researching how to transform animal waste and convert it into biogas, […]
Whether the shale boom can keep going has recently been called into question.
Get ready for the goodies coming from federal transport spending legislation. Money for inland waterway network will be funds well spent.
The Port Report focuses on another vessel being seized in the Strait of Hormuz.
The rise and fall of interest in natural gas trucks typically depends on the price of oil. Now, the availability of clean energy credits in California and tougher NOx rules expected from the California Air Resources Board are additional reasons for purchase.
As with product tanker rates, crude tanker rates show no sign yet of upside from IMO 2020 preparations.
IMO 2020-driven refining activity and tanker demand appears to be materializing slower than previously expected.
Matching tractors to trailers could improve efficiency and lower costs for trucking fleets is among the concepts that vehicle engineers continue to chase, but the North American freight system might not be able to benefit from these advancements.
Idle-reduction technology is still not being used by all fleets, despite laws and clear benefits of such systems.
One market’s strength is actually good news for truckers, who would benefit from the construction of lots of scrubbers.
Are predictions of ever-rising U.S. demand whistling past a possible debt crisis?
Sudden surge in marine fuel costs could spur shippers to consider switch to California over Panama Canal route.
Electric vehicle charge points will now be installed in every newly constructed residential and non-residential building as part of a larger plan to expedite EV adoption in the U.K.
Diesel prices jumped in the Midwest this month due to a significant tax increase. Small carriers will have to adjust to keep costs down and maintain business.
Three reports issued this past week all with the same conclusion: there will be a lot of excess oil in the world next year.
At least 250,000 barrels a day of crude immediately affected by Tropical Storm Barry
A British warship escorted a tanker through the Mideast Gulf yesterday after Iranian naval forces threatened to seize it, the latest incident rattling one of the busiest maritime trade lanes. The Ministry of Defense said that the HMS Montrose “ensured the safe passage of the merchant vessel British Heritage through the Strait of Hormuz.” International […]
Every installed scrubber will be one less ship competing with existing buyers of diesel in the post-IMO2020 world.
Dry bulk transport is about to get more expensive thanks to new marine fuel regulations.
FreightWaves’ Freight Intel Group has released a new study of the impact of IMO 2020 on the U.S. trucking industries (and other industries). Read what may happen to diesel fuel prices.
There’s already a lot of hand wringing about the outcome of the latest OPEC meeting. But the group has stepped aside for virtually the oil market’s growth in the last 10 years.
With IMO2020 just around the corner, FreightWaves Radio this weekend takes a look at how it might impact fuel markets. J. Scott Susich, the director of data analytics and advisory services at DTN, joined co-host John Kingston on SiriusXM Road Dog Trucking for a discussion on how the regulation designed to reduce the amount of […]
Many states went up by an automatic inflation adjusment. Illinois and Ohio were the only ones which chose big jumps.
Singapore, one of the world’s biggest centers for the supply of marine fuels, is now enforcing the mandatory use of mass flow metering system for the delivery of distillate fuels. The new mandate went into force as of July 1, 2019.
