Rachel Graham
Oil Markets Editor at Bloomberg News
Oil Markets Editor at Bloomberg News. Opinions are mine, re-tweets not endorsements.
Articles
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1 week ago |
bloomberg.com | Rachel Graham |Jack Wittels
Heating oil delivered to a home near Frankfurt. (Bloomberg) -- A German online heating oil platform registered record fuel sales on the day that crude prices plunged to a four-year low earlier this month. The Heizoel24 sales platform handled the highest volume on April 9 for any day since it started operations 20 years ago, Managing Director Oliver Klapschus said Wednesday. The volume of heating oil sold that week was six times the normal level, he said.
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2 weeks ago |
rigzone.com | Rachel Graham
BP Plc is pausing a project to expand biofuels production at its Castellon oil refinery in Spain, according to a person familiar with the matter. The plan to make sustainable aviation fuel was part of a EUR 2 billion ($2.2 billion) decarbonization initiative at the site on the country’s east coast, outlined in 2023.
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2 weeks ago |
bloomberg.com | Rachel Graham
BP Plc is pausing a project to expand biofuels production at its Castellon oil refinery in Spain, according to a person familiar with the matter. The plan to make sustainable aviation fuel was part of a €2 billion ($2.2 billion) decarbonization initiative at the site on the country’s east coast, outlined in 2023. The decision to pause the biofuels investment was taken due to weaker-than-expected growth in that market, the person said, asking not to be identified because the information is private.
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2 weeks ago |
bloomberg.com | Rachel Graham |Jack Wittels
The cost of transporting diesel up the Rhine river to inland Europe rose to the highest seasonal level since at least 2009 as a dry spell causes water levels to diminish. Transporting diesel by barge from the Netherlands to Karlsruhe in south Germany costs about €60 a ton, data from Insights Global show. That’s about four times higher than this time last year.
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3 weeks ago |
news.bloombergtax.com | Rachel Graham
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Chinese #LPG buyers have prompted a price surge as they scramble to replace US supplies following Beijing’s response to US #tariffs. https://t.co/aLv6XbcWvZ via @Nich_Lua and @helloimserene #chemicals
Something a bit more upbeat on #Grangemouth Nova Pangaea Technologies -- a UK company which is working toward making #ethanol and #biochar from waste biomass -- says Grangemouth is a front runner for its first-of-a-kind plant https://t.co/2qNNIyMcma
On the £200 million for the UK's #Grangemouth, it's new money but needs some matching by private sector. See govt statement: https://t.co/BgDYr2ggKx Worth remembering the UK has a target to have five SAF plants in construction by this year. No change on the oil #refinery.
On the £200 million for the UK's #Grangemouth, it's new money but needs some matching by private sector. See govt statement: https://t.co/BgDYr2ggKx Worth remembering the UK has a target to have five SAF plants in construction by this year. No change on the oil #refinery.
