Fuel News

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 […]

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.  […]

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 […]

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.

Also in the oil report: the closure of an East Coast refinery is not good news for IMO2020 preparation

Research by Clarksons confirms acceleration of scrubber installations, reducing available ship capacity.

The U.S. is too small a player in the bunker market to matter, and it will be largely isolated if it steps away from the pact.

Market expert writes about the latest tensions in the Mideast and how that might impact air and sea cargo, as well as supply chains.

There are an enormous number of price relationships that will ultimately determine the supply and demand of fuels compliant with IMO2020.

A spectacular blast lifts prices, but does it have staying power?

Maersk (Nasdaq OMX: MAER) will find out how much customers are willing to spend on its ambitious environmental agenda with a carbon-neutral container service. The world’s biggest shipping line is […]

The FreightWaves Freight Intel Group is producing research culled from FreightWaves SONAR and other sources. Read about its first several research papers and how to learn more.

There are enough molecules and enough preparation to get the maritime industry through the IMO2020 switchover. But how will trucking be impacted?

Suppliers, traders and ship operators will need to increase credit lines and be more diligent about counterparty risk.

Ten regional haul fleets will participate in NACFE’s Run on Less Regional challenge to measure fuel efficiency and other metrics in real-world operation.

The balance among the fuels needed to be in compiant with the new rule will have a knock-on effect down to the price at the pump.

Workhorse Group secured $25M in funding to help finalize development of its NGEN electric delivery vehicle.

The structure of the Brent market says tightness, but the inventory numbers in the U.S. beg to differ

Your weekly fuel report has arrived.

There may be so little demand post-2020 for high-sulfur fuel oil that it may end up stored aboard tankers.

A weekly look at what occurred in the oil markets of the U.S. and the world this past week and what’s ahead. A recent report by Moody’s on the health […]

According to this analysis, the breakeven price to produce oil in the shale is published five times a week.

As the price of diesel continues to hover around $3.16 per gallon nationwide, trucking companies are investing in solutions to improve fuel mileage.

UPS makes largest renewable natural gas buy in history with a 170 million gallon purchase

Your weekly fuel report has arrived.

Also in this week’s report: a test at Shell gives some hope to a less diesel-intensive marine fuel for IMO2020.

California and Oregon are both adding to the price via the “LCFS.” Oregon’s law just survived a legal challenge.

Your weekly fuel report has arrived.

The DOE statistical arm has the most precise forecast of anyone on what IMO2020 will mean for diesel prices. It’s fairly conservative.

IMO 2020 is will increase demand for distillates and put upward pressure on diesel. How should truckers prepare?

TravelCenters of America announced higher fuel volumes and revenue, but one-time charges led to a quarterly loss.

While it posted a decline in sales, Workhorse is optimistic about its future with full production of its electric van set for this fall.

A weekly look at what occurred in the oil markets of the U.S. and the world this past week and what’s ahead, with special acknowledgement for the headline this week […]

Royal Dutch Shell PLC (NYSE: RDS) announced net income of $5.3 billion for the first quarter of 2019, a decrease of 2 percent from the same quarter last year, reflective of the crude oil market, but a significant improvement on the $4.5 billion expected by analysts.

Automotive parts, tires, fuels and lubricant specialist U.S. Venture has bought energy information and supply chain management company Breakthrough Fuel for an undisclosed sum.

Tanker companies like Euronav expect to see financial benefits from impending environmental regulations, which will change the type of fuel burned at sea and could eventually limit how fast ships can go.

Market expert Brian Aoaeh’s article focuses on the current and upcoming maritime industry issues – IMO 2020, global warming, rising sea levels, etc. Read Brian’s take on how the maritime industry is meeting these challenges.

Bosch is working with Powercell to develop a hydrogen fuel stack for vehicles. Plus, housing index has positives for home buyers, JFK starts new phase of air cargo expansion, and trucking company in Denver crash had history of violations.

The consensus at a panel in Houston is that marine gasoil will be the first fuel to get a big boost in demand as IMO2020 approaches. That’s not good news if you’re a diesel buyer.

Three states and several utilities will study the needs of electric trucks along the I-5 corridor to make long-haul electric trucks a reality. Plus, the future of Cummins, flex fuels, and are the Chinese taking our railway jobs?

Saudis and UAE are on board with filling in the gap from lost Iranian oil exports.

Nikola Motor introduced its hydrogen-electric truck to the world, and it has a few big supporters, including Anheuser-Busch.

Markets are tightening. Full implementation of sanctions on Iranian oil could make them tighter.

Nikola Motor Company formally introduced its hydrogen-electric tractors, the Nikola Two and Nikola Tre (for Europe) at Nikola World 2019. Here are some photos from the event.

Nel Hydrogen and Nikola Motor are working together to ensure that as Nikola begins deployment of its hydrogen-electric trucks, there is hydrogen fueling stations in place to support them.

The founding of Nikola Motor Company did not happen overnight; it actually dates back to a time when a six-year-old boy was bothering his railroad-working father and was sent to see a train engineer.

If you can get your hands on a Nikola Two hydrogen-electric truck in the near future, it could save you money compared to a diesel model, the company said. Getting one, though, will be hard due to early demand.

Nikola Motor envisions a world that is better off tomorrow than it is today, and it starts with a zero-emission future, the company said, as it introduced five emissions-free vehicles, including two semi trucks.

OPEC’s cuts have brought its output down to the level where forecasts are saying it needs to be to keep markets in balance.

The fluctuating price of fuel makes it difficult for carriers and shippers to know the exact cost to move freight. Genesis Fuel is offering a way to pre-buy diesel at a set price, adding certainty to the cost for both parties.

Isuzu with partners Supreme and Delivery Concepts have introduced a truck body designed for craft brewers, complete with taps. Plus, ports seek alternative fuels, concerns over fracking, and Walmart pressures suppliers.

The two key new levies will be a percentage of wholesale prices, but with a floor tied to a particularly strong period in the diesel market.

With new backing from Microsoft, start-up readies for technical and geographic expansion of optimization services for shipping assets.

Also in this week’s report: an ExxonMobil recommendation might be problematic for truckers; paying somebody to take natural gas away

More refiners make pledges to supply market for IMO-compliant fuel, but if those efforts fall short, diesel may be next best option.

Auto sales are declining, but the National Automobile Dealers Association still expects strong sales for 2019, plus the one area where Amazon is losing and opposition to Canada’s carbon tax grows.

EIA still sees no uniform international policy on how the IMO 2020 regulation will be enforced.

Problems with some U.S. crude oil exports, more concerns for the IMO2020 switch, and the lessening impact of Donald Trump’s oil tweets.

When a spread like that between gasoline and diesel come in this far and this fast, it can’t go on forever.

Stepping into the system is expected by this economist to be Donald Trump, using emergency powers to halt exports of diesel fuel

Major agencies are checking in on what OPEC production was in February, and reductions are starting to bring world output level down to where the group said it wanted to get to when it met back in December.

The IEA came out with some detailed numbers on what the impact of IMO2020 will be on diesel demand. But its estimate of non-compliance is a lot more than that of a panelist at CERAWeek.

While propane doesn’t pack quite the punch diesel does, it does produce enough power to handle many of the tasks at a fraction of the overall cost, advocates say, so why is not a more popular fuel for commercial operations?

Biofuels created by recycling used cooking oils are being tested by ocean-going ships in pilot trials around the world. Such biofuels may even be gaining acceptance by ocean-shippers, freight forwarders and ship operators.

The systems are nowhere near ready but several panelists at the big CERAWeek meeting see advantages for hydrogen in heavy-duty transport.

Volvo has started testing connected vehicle technology in California, plus Michigan governor pitches fuel tax hike, California legislator wants to phase out diesel engines and Alibaba buys into delivery company.

Electric trucks dominated the vehicle conversations at this week’s Work Truck Show in Indianapolis, plus the cost of charging vehicles, overtime pay changes and another trucker protest planned.

Mitsubishi Fuso said that customers are demanding more gasoline models in medium-duty operations, so it is delivering with this Class 5 gas-powered cabover.

UPS’ Carlton Rose, president of global fleet maintenance and engineering, said he expects electric power to be the long-term solution in medium-duty, but it isn’t there just yet.

Also this week: another hint at what IMO2020 might do to prices; more signs that the OPEC cuts are real and are taking hold.

Funding announced as investment heats up for low-carbon fuel technology.

Truck stop-travel center operator returned to core business in q4, CEO said.

If IMO 2020 boosts demand for LNG bunkering, the U.S. isn’t ready to take advantage.

Stockpiles in the country are building up. Also: more hints on the price of fuel in a post IMO2020 market; Russia’s lack of assistance to OPEC

Wireless charging could be key to making electric trucks viable for the long-haul sector.

Largest ocean freight forwarder sees fuel bills increasing as much as 50 percent based on current price spreads.

Congress is handing out $93 million in federal grants for improvements at the nation’s top 15 container ports.

Positive Train Control isn’t just about safety anymore as the railroads revisit how the technology can generate capacity and save money.

Two major agencies see a supply/demand balance that is tightening on the back of steep cuts coming out of OPEC.