Lucia Kassai

Business, Fuel

Russian Fleet Heading to New York May Help Ease Diesel Pain

Russian Fleet Heading to New York May Help Ease Diesel Pain Drivers fuel their trucks at a Pilot Fuel Station off of Interstate 71, 75 in Walton, Ky. (John Sommers II for Transport Topics)

A fleet of tankers laden with Russian diesel heading to the U.S. East Coast may help to alleviate the most expensive retail prices for the fuel in seven years.

Lucia Kassai | Bloomberg News
November 18, 2021
Government, Business, Fuel

Diesel Stockpiles at 20-Year Low as Winter Nears

Fuel tanker trucks at a California refinery fueling station Fuel tanker trucks at a California refinery fueling station. (Ron and Patty Thomas/Getty Images)

U.S. inventories of distillates — used as diesel for both transportation and heating oil — are enough to meet just 31.2 days of demand, according to the Energy Information Administration. That’s the tightest it has been for this time of the year since 2000.

Lucia Kassai | Bloomberg News
October 7, 2021
Government, Business, Fuel

US Slaps Sanctions on Mexican Companies Helping Venezuelan Oil

The sun sets over an oil refinery in Puerto Cabello, Venezuela. The sun sets over an oil refinery in Puerto Cabello, Venezuela. (Meridith Kohut/Bloomberg News)

The U.S. Treasury Department levied sanctions on Mexican trading company Libre Abordo SA de CV for buying Venezuelan oil via oil-for-humanitarian-aid agreements with the embattled country.

Lucia Kassai | Bloomberg News
June 19, 2020