Fuel News

Tariff impacts on diesel prices will likely hit New England first

New England will probably be ground zero for observing how a 10% tariff on Canadian crude and refined product exports to the U.S. hits prices at the pump.

While Mexico is also facing those tariffs, that country is mostly an exporter of crude to the U.S. Along with significant Canadian crude exports to the U.S., it may take an undetermined amount of time for imports on a raw material like crude to show up in a retail diesel or gasoline price. (Mexico’s tariff is 25%).

However, New England is...

https://www.freightwaves.com/news/tariff-impacts-on-diesel-prices-will-likely-hit-new-england-first

Benchmark diesel price heads lower as futures markets drop even more

The benchmark diesel price used for most fuel surcharges declined Monday, but it was the futures market where most of the big moves were taking place.

The weekly average retail diesel price posted by the Department of Energy/Energy Information Administration fell 6.2 cents a gallon, to $3.635. 

It’s the first decline in five weeks, and it is larger than the sum of the four increases that preceded it. The DOE/EUI price was $3.659 a gallon before the run of increases. It’s now 2.4 cents below that.

https://www.freightwaves.com/news/benchmark-diesel-price-heads-lower-as-futures-markets-drop-even-more

Diesel benchmark goes up a bit, again, as stability continues

A fourth consecutive week of a small move in the benchmark diesel price used for most fuel surcharges points to a market that could be either “steady as she goes” or in a state of torpor.

The Department of Energy/Energy Information Administration average weekly retail diesel price rose 0.2 cents a gallon, to $3.697. The previous three weeks had seen increases of 0.1 cents, 0.5 cents and 1.2 cents per gallon to tack on  3.8 cents a gallon during that time. 

The price is significantly higher than...

https://www.freightwaves.com/news/diesel-benchmark-goes-up-a-bit-again-as-stability-continues

EU Must Invest €40B Yearly in Clean Shipping Fuels, Experts Warn

  • €40 billion needed annually for clean shipping fuels in Europe until 2050.
  • Clean Maritime Fuels Platform urges EU action to scale up renewable fuel production.
  • Calls for regulatory support, public funding, and investment incentives to remove barriers.

The Clean Maritime Fuels Platform represents European shipowners and fuel suppliers. It is pushing for urgent investment in a European supply chain for clean shipping fuels. With an estimated €40 billion in annual investment needed to meet...

https://mfame.guru/eu-must-invest-e40b-yearly-in-clean-shipping-fuels-experts-warn/

El mercado diesel silencioso espera impactos posibles arancelos en el petróleo canadiense

Para un mercado que ha sido silenciado en sus cambios al alza y hacia abajo, se han desarrollado muchos movimientos en el fondo que, en última instancia, pueden tener un mayor impacto en el precio del petróleo y, por extensión, el precio del diesel. La falta de movimiento en el mercado diesel fue...

https://fullavantenews.com/el-mercado-diesel-silencioso-espera-impactos-posibles-arancelos-en-el-petroleo-canadiense/?lang=es

Quiet diesel market awaits potential tariff impacts on Canadian oil

For a market that has been muted in its up-and-down swings, there have been plenty of movements playing out in the background that ultimately may have a larger impact on the price of oil and by extension the price of diesel.

The lack of movement in the diesel market was driven home Tuesday by the latest release of the Department of Energy/Energy Information Administration average weekly retail diesel price. It roseby 1.2 cents a gallon to $2.677, meaning that in the past three weeks, the price...

https://www.freightwaves.com/news/quiet-diesel-market-awaits-potential-tariff-impacts-on-canadian-oil

LR and MMMCZCS Unveil Summary Report on Ammonia as Fuel Project

  • Ammonia is a promising alternative marine fuel but requires specialized training due to safety concerns.
  • New competency standards are needed for seafarers operating ammonia-powered vessels.
  • Updates to the IGF Code and other regulations are necessary to ensure safe use of ammonia as fuel.
  • Seafarers must acquire additional knowledge and skills beyond current frameworks, including understanding ammonia’s properties and safety protocols.

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping...

https://mfame.guru/lr-and-mmmczcs-unveil-summary-report-on-ammonia-as-fuel-project/

Shipping Firms Advocate Biofuel Limits for Sustainable Shipping

  • The IMO agreed to a new climate strategy that includes reaching net-zero greenhouse gas emissions “by or around, i.e., close to, 2050.”
  • The IMO has set the target of cutting emissions by 20%-30% by 2030 and 70%-80% by 2040, against 2008 levels.
  • A key part of this is the Global Fuel Standard which would force ships to reduce their GHG emissions by switching to alternative – and cleaner – fuels.

Shipping companies including the German shipping giant Hapag-Lloyd and a number of NGOs have called...

https://mfame.guru/shipping-firms-advocate-biofuel-limits-for-sustainable-shipping/

EU’s Stricter Regulations Double Carbon Costs for Intra-EU Bunker Use

  • Marine fuel users face rising compliance costs under EU ETS.
  • EUA expenses add 40% to total HSFO bill in Rotterdam.
  • FuelEU Maritime creates more incentives for low-carbon switch.

The European Union’s recent regulatory measures have led to a significant increase in carbon costs for intra-EU bunker fuel consumption, reports Platts.

Inclusion of shipping in the EU ETS

The inclusion of maritime transport in the EU Emissions Trading System (ETS) from 2024, coupled with the FuelEU Maritime regulations...

https://mfame.guru/eus-stricter-regulations-double-carbon-costs-for-intra-eu-bunker-use/

Todos tranquilos en el frente diesel: segunda semana de pequeños aumentos en el precio del DOE/EIA

todos-tranquilos-en-el-frente-diesel:-segunda-semana-de-pequenos-aumentos-en-el-precio-del-doe/eia

El mercado de futuros diesel ha estado cotizando en un rango bastante estrecho, y está apareciendo en relativa estabilidad en la bomba. El precio de diesel minorista promedio semanal publicado el lunes por el Departamento de Administración de Información de Energía/Energía, utilizada para la mayoría de los recargos por combustible, aumentó 0.5 centavos por galón […]

Esta entrada Todos tranquilos en el frente diesel: segunda semana de pequeños aumentos en el precio del DOE/EIA Aparece primero en F...

https://fullavantenews.com/todos-tranquilos-en-el-frente-diesel-segunda-semana-de-pequenos-aumentos-en-el-precio-del-doe-eia/?lang=es

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