New Era Energy invests £40 million in sustainable fuels business
Essex-based fuels, oils and lubricants provider New Era Energy will invest £40m to propel its ambitions to become one of the UK’s leading sustainable fuel brokers.
Diesel
We must look before we leap with hydrogen and transport
Hydrogen can already be a profitable and competitive alternative to petrol and diesel fuels, at least in world energy capital Houston, researchers claim.
Putin’s war leaves West more reliant than ever on Asian fuel
The war in Ukraine is strengthening the role of Asia and the Middle East as the world’s main providers of fuels like diesel and gasoline that are crucial to the global economy.
Biden says more oil releases possible to cut gasoline prices
President Joe Biden announced the drawdown of an additional 15 million barrels of oil from US emergency reserves, as well as what he called a “ready and release plan” aimed at driving down gasoline prices.
Vessel shortage makes soaring shipping costs a new energy threat
Costs for shipping energy are surging as Europe’s scramble for supplies creates a shortage of vessels to carry essential fuels this winter.
South Africa’s power woes pile on diesel price pressure
South Africa’s government is facing increased opposition on the topic of fuel prices, driven by global demand but also by Eskom’s increased needs.
UK drivers pay more than £105 to fill up car with diesel
The cost of filling up a standard car in the UK with diesel surpassed £105 ($128) for the first time, piling further pressure on Britons hit by a cost-of-living crisis.
Oil holds above $105 as demand for fuels offsets China lockdowns
Oil held gains above $105 a barrel as investors weighed higher demand for refined products against a slew of lockdowns in major cities in China.
Bunker vessel sinks off Tunisia
A bunker vessel has sunk offshore Tunisia raising the risk of a major diesel spill in the Gulf of Gabes.
DNG launches LNG fuel trial in South Africa
DNG Energy will work with Imperial Logistics to examine the use of LNG as a diesel alternative in South Africa.
AfDB to finance north-south transmission line in Angola
The African Development Bank (AfDB) has signed up to provide $530 million to construct a transmission line in Angola.
India set for record oil demand on recovery from Covid washout
India, once the center of global oil demand growth, expects its fuel consumption to bounce back during the coming year as the nation recoups the losses caused by Covid-19.
Ban on sales of new petrol and diesel cars and vans brought forward to 2030
Sales of new petrol and diesel cars and vans will be phased out by 2030, Boris Johnson has confirmed as he set out his 10-point plan for a "green industrial revolution".
Traders talk peak demand and an upstream shift
Demand in Europe and the US may have peaked already, the heads of three trading companies have said, but growth will be sustained by Asia.
Africa on the rise
The energy sector in Sub-Saharan Africa faces numerous challenges, but there is also an increasing sense of urgency and opportunity for the development of the industry on the continent.
Illicit fuel storage fire in Lagos extinguished
The Lagos State Emergency Management Agency (LASEMA) has put out a fire at an illicit fuel storage depot at Oregun.
Power in a time of pandemic
The coronavirus pandemic has taken its toll on the world, with lives lost and economies shrinking.
Lockdown easing sparks South African fuel shortages
South Africa has “inadequate” stocks of diesel, an industry body has warned, as demand has accelerated beyond expectations with the easing of lockdown limitations.
China’s Q2 2020 oil demand shows signs of recovery
According to the latest analysis by Wood Mackenzie, China’s oil demand will recover to 13 million barrels per day (b/d) in Q2 2020, a 16.3% jump compared to Q1 this year.
Saudi, Russia rift widens
US President Donald Trump’s call for a 10 million barrel per day – or even 15mn bpd – cut drove up oil prices last week but weak demand continues to run the show, with little respite expected from talks due to take place this week.
Many new cars emit more CO2 than older vehicles, research finds
Many new cars on UK roads emit more CO2 than older vehicles, according to new research.
Update: Boris Johnson to ban sale of petrol and diesel cars after 2035
As part of plans announced during the launch of the COP26 climate conference, Boris Johnson has said a ban on the sale of new petrol and diesel cars in the UK will be brought forward to 2035.
17-week diesel price rise streak is longest for two years
Diesel car drivers have been hit by the longest streak of weekly fuel price rises in more than two years.
Record India diesel prices a pain for Modi as rupee tumbles
India’s growth monikers -- the world’s fastest-growing major economy and the fastest-growing oil user -- might make for good headlines, but when juxtaposed with the less-flattering description of its currency they pose a problem for Prime Minister Narendra Modi.
Sell ‘dirtier, cheaper oil’, Philippines’ energy minister tells oil firms
Philippine energy minister Alfonso Cusi has requested oil companies sell "dirtier, cheaper oil" to motorists in an effort to battle inflation in the country.