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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3 weeks ago |
bloomberg.com | Rachel Graham
(Bloomberg) -- The UK’s biggest ethanol producers could be forced to halt production due to increased tariff-free imports of the fuel from the US. “This vital sector is now facing imminent collapse because of the trade deal,” ABF Sugar, part of Associated British Foods Plc. and Ensus, owned by Suedzucker AG unit CropEnergies, said in a joint statement.
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1 month 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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1 month 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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1 month 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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1 month 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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Second #chemicals major gives update on assets closures in Europe this week. Dow says in earnings that operations at 2 sites in Germany (including a cracker) are at risk and some UK ops to close. Follows announcement that Total will close a cracker in Antwerp by end of 2027
Valero says it will ``idle, restructure, or cease refining operations'' at Benicia #refinery by the end of April 2026. https://t.co/FHEz4B6Ma0
RT @RoryTrackr: GOLF IMMORTALITY 💥💥💥💥💥💥💥 RORY MCILROY HAS WON THE MASTERS AND COMPLETED THE CAREER GRAND SLAM!!!!!https://t.co/hF95lxGstY
