A wave of new oil refining capacity that’s coming on stream won’t be enough to solve a global shortage of diesel, jet fuel and similar petroleum products.
June 15, 2022Jack Wittels
Government, Business, Technology, Fuel 
Daniel Acker/Bloomberg News
Diesel Crisis Likely to Stay Unfixed by Oil Refining Revival
Daniel Acker/Bloomberg News Government, Business, Logistics 
Trucks at a Port of LA container terminal. (Kyle Grillot/Bloomberg News)
Soaring Diesel, Gas Prices Bleed Into Shipping
Trucks at a Port of LA container terminal. (Kyle Grillot/Bloomberg News)The shipping industry is starting to feel the full force of surging diesel and gasoline costs.
February 22, 2022 Government, Business, Fuel 
An employee of Diesel Direct, an on-site diesel fuel services, prepares to fuel a truck. (Diesel Direct)
The Diesel Market Looks at Risk of Price Spikes
An employee of Diesel Direct, an on-site diesel fuel services, prepares to fuel a truck. (Diesel Direct)A slump in global diesel stockpiles has left the market vulnerable to price spikes.
January 27, 2022 Business, Technology, Fuel 
Freya Ingrid Morales/Bloomberg News
Maersk Invests $1.4 Billion in Methanol-Powered Ships
Freya Ingrid Morales/Bloomberg NewsA.P. Moller-Maersk has ordered eight new vessels, each costing $175 million, that can be propelled by cleanly made methanol instead of an oil-based fuel.
August 24, 2021 Government, Business, Fuel 
Chris Ratcliffe/Bloomberg News
Shipping Watchdog Urged to Speed Up Pace on Emission Curbs
Chris Ratcliffe/Bloomberg NewsTrafigura Group said the shipping industry’s regulator needs to act with “lightning speed” to cut carbon emissions from an industry that spews more C02 into the atmosphere each year than France and the U.K. combined.
June 21, 2021 Government, Business, Fuel, Logistics 
Nations Set to Discuss Reducing Global Shipping CO2 Emissions
John Kerry wants to accelerate the decarbonization of the global shipping industry, which spews more carbon dioxide into the atmosphere each year than France and the U.K. combined.
June 9, 2021 Government, Business, Equipment, Fuel 
A containership at the Port of Long Beach, Calif. (Tim Rue/Bloomberg News)
Shipping’s Big Bang Sends Two Global Industries Spinning
A containership at the Port of Long Beach, Calif. (Tim Rue/Bloomberg News)Starting Jan. 1, the vast majority of the world’s ships were forced to change the fuel they use. Some big winners — and potential losers — are starting to emerge from what was a historic switch for the world’s oil refining and maritime industries.
January 14, 2020 Government, Business, Fuel 
A view of the Persian Gulf from inside Devon, an oil tanker transferring oil to exporting markets. (Ali Mohammadi/Bloomberg)
Fuel-Trading Routes Revamped as 2020 Dynamics Take Hold
A view of the Persian Gulf from inside Devon, an oil tanker transferring oil to exporting markets. (Ali Mohammadi/Bloomberg)Shippers have fewer than three weeks until new rules kick in forcing them to burn cleaner fuels, but the regulations are already redefining key trade routes in the global oil-product markets.
December 12, 2019 Government, Business, Fuel 
The Soro Enshi containership sails from Yangshan Deep Water Port in Shanghai, China, on July 10, 2018. (Qilai Shen/Bloomberg)
New Shipping Fuel Rules Are Starting to Rock the Oil Market
The Soro Enshi containership sails from Yangshan Deep Water Port in Shanghai, China, on July 10, 2018. (Qilai Shen/Bloomberg)They may still be six months away, but new rules on marine fuels are already sending shock waves through the little-known world of refinery feedstocks.
July 3, 2019 Government, Business, Fuel 
David Paul Morris/Bloomberg News
IMO Rejects US-Backed Plan for Phased Start of Ship-Fuel Rules
David Paul Morris/Bloomberg NewsThe International Maritime Organization rejected a proposal — supported by both the U.S. and shipping groups — for a phased start to rules that will limit the sulfur content of ship fuels starting in 2020.
October 24, 2018