California diesel, jet prices rise on Chevron hydrotreater outage -trade
California diesel prices climbed 52.5 cents a gallon last week in the San Francisco...
California diesel prices climbed 52.5 cents a gallon last week in the San Francisco Bay market because of a hydrotreater outage at Chevron Corp’s Richmond, California, refinery, said West Coast market traders.
Jet prices in the San Francisco and Los Angeles wholesale markets have climbed 45 cents since Wednesday because of the jet fuel hydrotreater shutdown at the 245,271 barrel-per-day (bpd) Richmond refinery, the traders said.
🔥From Twitter: War shakes Europe path to energy independence, climate goals
Russia's war in Ukraine has shaken Europe's...
Russia's war in Ukraine has shaken Europe's path to energy independence and its climate goals — leaving the continent to choose between quickly weaning itself off Russian oil and gas, or burning more coal and importing fossil fuels from elsewhere. https://t.co/nBGlh4Qrk3
The West Can’t Decide Who Rules Russia But It Can Choose Where To Buy Its Oil, Gas, And Uranium
When President Biden appeared in Poland yesterday, he said that the Russian leadership could...
When President Biden appeared in Poland yesterday, he said that the Russian leadership could not remain in power if it continued to brutalize Ukraine. To this end, the global economic sanctions are meant to isolate President Putin not just from the civilized world but also from his people. What’s more likely is that Russia will get gradually elbowed out of the global energy supply chain.
Russia’s economy centers on the sale of oil and natural gas. The country is also a supplier of nuclear energy technologies and the uranium to run those power plants. Pulling the plug will be hard. But it can be jostled loose over a few years.
Oil Prices Stay High as Russian Crude Shortage Hits Market
The de facto buyers’ strike on Russian crude that began a month ago propelled oil prices to their highest...
The de facto buyers’ strike on Russian crude that began a month ago propelled oil prices to their highest levels in years. Now the real effects are starting to create a second wave of impact on oil markets.
Oil is typically shipped around three weeks after a deal is struck, meaning that the drop in deal-making in the early days of the war led to real disruptions in supply starting in the past week. The turmoil is being strongly felt in Europe, where prices for diesel, which powers cars, trucks and tractors, have soared.
Germany is aiming to halve imports of Russian oil by mid-year while rapidly reducing its dependency on...
Germany is aiming to halve imports of Russian oil by mid-year while rapidly reducing its dependency on the nation’s gas and coal, Der Spiegel magazine reported, citing an Economy Ministry paper.
Russian gas could account for as little as 30 percent of imports by the end of the year, down from more than half currently, while the aim is to reduce oil imports almost to nothing by then, the magazine quoted the paper as saying. Purchases of Russian coal should end by the early summer.
