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Germany gambles on green with carbon cap plan

12 mins ago DieselGasoil Comments Off on Germany gambles on green with carbon cap plan
BERLIN (Reuters) – The German government is set to present a new climate-change policy on Friday that will likely include a carbon-pricing initiative to cap the use of fossil fuels in Europe’s largest economy, where the Greens party is enjoying a surge in support.   The plan – the world’s largest experiment so far in Read More

Airbus revises up jet demand, trims traffic growth

5 hours ago DieselGasoil Comments Off on Airbus revises up jet demand, trims traffic growth
LONDON (Reuters) – Airbus on Wednesday revised up forecasts for jetliner demand in the next 20 years led by growth in the new industrial hubs of Asia, while voicing alarm over rising protectionism. FILE PHOTO: The logo of Airbus is pictured at their facility in Montoir-de-Bretagne near Saint-Nazaire, France July 12, 2019. REUTERS/Stephane Mahe The Read More

Analysis: Vietnam turns to US crude as Middle East jitters raise energy security concerns

5 hours ago DieselGasoil Comments Off on Analysis: Vietnam turns to US crude as Middle East jitters raise energy security concerns
Highlights BSR to buy 2 mil barrels of WTI Midland crude for Q4 delivery Light sweet Nigerian Bonny Light crude also on shopping list Government removes import tax on crude oil Singapore — Vietnam is feeling the pressure to secure adequate crude supply as geopolitical tensions in the Middle East continue to raise Asia’s energy Read More

Singapore bunker premiums scale new highs as HSFO market prices in Saudi attacks

9 hours ago DieselGasoil Comments Off on Singapore bunker premiums scale new highs as HSFO market prices in Saudi attacks
Singapore — Bunker premiums in Singapore have climbed to new historical highs, underpinned by the strength in the high sulfur fuel oil cargo market, on concerns of increasingly limited supply of the high sulfur fuel grade in light of last Saturday’s attacks on key Saudi Arabian oil facilities. Not registered? Receive daily email alerts, subscriber Read More

Feature: IMO 2020 mandate creates Singapore-Fujairah arbitrage for LSFO

19 hours ago DieselGasoil Comments Off on Feature: IMO 2020 mandate creates Singapore-Fujairah arbitrage for LSFO
Singapore — The fuel oil market has started to see International Maritime Organization-compliant marine fuel being shipped from Singapore to Fujairah, several market participants told S&P Global Platts, confirming expectations of imminent changes to global trade flows for residual fuels going into 2020. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

With a backup to the backup, insulin makers say they’re primed for Brexit

1 day ago DieselGasoil Comments Off on With a backup to the backup, insulin makers say they’re primed for Brexit
LONDON (Reuters) – For two men trained as scientists, the bosses of Britain’s major insulin providers have had to become experts in ferry schedules, trucking laws and warehouse capacity as they seek to guarantee the supply of life-saving drugs through a chaotic Brexit. Georgina shows off her insulin medical supplies at her home in London, Read More

Middle East tension pushes Asian gasoil EFS to 42-week low, opens arbitrage window

1 day ago DieselGasoil Comments Off on Middle East tension pushes Asian gasoil EFS to 42-week low, opens arbitrage window
Singapore — The front-month October gasoil Exchange of Futures for Swaps widened to its lowest level this year, opening the arbitrage window for Asian suppliers to divert surplus distillate cargoes to Europe, to plug a potential supply shortage amid geopolitical tensions in the Middle East. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Vestas receives 34 MW order in Norway with 27-year service agreement

1 day ago DieselGasoil Comments Off on Vestas receives 34 MW order in Norway with 27-year service agreement
News release fromVestas Northern and Central EuropeHamburg, 17 September 2019 Vestas has received a 34 MW order for the Haramsfjellet wind project on the island of Haramsøya in western Norway. Vestas has developed a solution to fit the site’s wind conditions that includes eight V136-4.2 MW turbines and a long-term service contract to optimise energy Read More

U.S. utilities file legal challenge to Trump power plant rule

2 days ago DieselGasoil Comments Off on U.S. utilities file legal challenge to Trump power plant rule
FILE PHOTO: Steam rises from the coal-fired Jim Bridger power plant outside Rock Springs, Wyoming, U.S. April 5, 2017. REUTERS/Jim Urquhart (Reuters) – Con Edison and eight other U.S. utilities mostly from Democratic-led states have filed a legal challenge to the Trump administration’s plan to cut carbon emissions from power plants, which replaces a much Read More