All articles tagged with #diesel
The European Union is expected to soften its 2035 ban on new diesel and gasoline car sales due to lobbying from Germany, Italy, and automotive industry groups, raising concerns about the impact on climate goals and industry competitiveness.
A 1992 Mercedes-Benz 300 SD with a rare 3.5-liter turbo diesel engine is listed for $5,995, offering a glimpse into the last of Mercedes' over-engineered sedans, with notable features and some cosmetic wear, making it a potentially interesting but possibly risky buy.
Electric vehicle (EV) registrations in Europe have surpassed those of diesel-powered vehicles for the first time, with 1.23 million EVs registered between January and October compared to 1.22 million diesel vehicles. EVs accounted for a market share of 14.2% in October, up from 12% last year. Gasoline-powered vehicles still hold a third of the market, while hybrid electrics have a 28.6% share. New car sales in the EU increased by 14.6% in October, driven by a significant rise in all-electric vehicle sales.
The Russian government has informed fuel producers to prepare for the removal of all remaining restrictions on the export of diesel and gasoline, according to industry sources. Russia, the world's leading seaborne exporter of diesel, implemented a ban on fuel exports in September to address high domestic prices and shortages. While restrictions on diesel exports were eased in October, measures on gasoline exports remained in place. The ban is expected to be lifted next week, with the government citing stabilization of the domestic market as the condition for removal.
Argentina is experiencing a severe fuel shortage, with long lines and empty filling stations, due to domestic refining problems and a lack of dollars for imports. The shortage has caused frustration among drivers and raised concerns ahead of the upcoming presidential election runoff. While there are some signs of improvement, such as limited supplies of certain fuel types, the situation remains challenging. The government has set a low local oil price to combat inflation, but this has affected the economics for firms importing fuel. Oil companies have presented a plan to boost supplies, and the government has threatened to halt crude oil exports if the crisis is not resolved.
Russia has lifted the temporary ban on low-quality diesel and marine fuel exports, which was implemented to stabilize fuel prices in the domestic market. The ban on all types of gasoline and higher-quality diesel remains in place. The government exempted fuel already accepted for export before the ban came into effect. Analysts believe the ban may not last long, as Russia may not want to close refineries' fuel processing capacities due to export restrictions. The lifting of the ban could alleviate tightness in the global diesel market.
Rising oil prices are leading to increased costs for gasoline and diesel, impacting US drivers, truckers, and farmers. The global fight against inflation is also complicated by higher oil prices, which are bolstering Russia's war chest. The increase in prices is primarily due to Saudi Arabia's decision to cut back oil production, tightening supply. While some analysts predict oil prices could reach $100 per barrel, others believe they will remain in the low $90s. Factors such as demand for fuel, financial speculation, and potential increases in Iranian oil production also influence prices. Consumers are experiencing higher prices for gasoline and diesel, with diesel shortages affecting farmers and transportation costs. The higher oil prices benefit Russia, providing additional revenue to support its war efforts and counter Western sanctions. The politics surrounding oil production and the Biden administration's focus on balancing oil production with renewable energy are also discussed.
Oil prices rose over 1% after Russia implemented an export ban on diesel and gas, aiming to replenish its own supply and reduce domestic prices. The ban, which has no end date yet, may impact global oil supply and drive energy prices up. The EU and US have already banned imports of Russian refined fuel due to the conflict with Ukraine. While gas prices in the US are coming off their 2023 highs, diesel prices remain high. Analysts predict that the ban may lead to further diesel price spikes and potentially fortify crude oil prices. However, easing gas prices are expected in most parts of the US, except for some Western states.
Russia has banned the export of gasoline and diesel in order to stabilize fuel prices in the domestic market and ensure sufficient supply for its military operations in Ukraine. The ban, which does not affect close ally Belarus, could indirectly impact global fuel prices. Energy exports are a significant source of revenue for Russia, and the country's decision to halt exports is unusual given its vast oil and gas reserves. The ban has already led to a drop in wholesale gasoline and diesel prices in Russia.
Diesel's creative director, Glenn Martens, believes that the ideal formula for Gen Z is "cheeky, sexy, and in your face," as he stages a fashion show for 7,000 young people in Milan. Martens has pushed the boundaries of denim by distressing and experimenting with different materials, while also incorporating utility clothes and pop culture references. Meanwhile, Kim Jones injects personal touches into his Fendi collection, drawing inspiration from Rome and Karl Lagerfeld's past work. Jones focuses on lightweight fabrics, color-blocking, and comfortable yet refined shapes for his ready-to-wear line.
Florida officials have warned that fuel supplied by CITGO from the Port of Tampa after 10 a.m. on Saturday is likely contaminated with diesel due to human error. Governor Ron DeSantis stated that an investigation is underway to determine the extent of the contamination. The Florida Department of Agriculture and Consumer Services (FDACS) is working to identify gas stations that may have received the contaminated fuel. CITGO has shut down its Tampa terminal and is coordinating efforts to remove the affected product from retail locations. Consumers who believe they purchased contaminated fuel can file a claim through the CITGO Good Gas Guarantee program.
Saudi Arabia is importing record volumes of cheap diesel from Russia and exporting record levels of its own diesel to the higher-priced Asian market in the Singapore hub, making money from diesel trading after the EU embargo on Russian fuels. In May, Saudi Arabia is expected to import up to 3.7 million barrels of diesel from Russia, an all-time high, and will export a record 400,000 tons of diesel to Singapore.
U.S. gasoline and diesel inventories are below the five-year average, indicating strong fuel demand and supporting crude oil prices and U.S. refining margins. Despite optimistic views on summer fuel demand, oil prices have fallen due to concerns about the economy and high interest rates. However, the International Energy Agency predicts a tightening market in the second half of the year, with demand expected to exceed supply by almost 2 mb/d. Refining margins have fallen since Q4 2022 but remain higher than historical norms, and U.S. refiners are optimistic about cracks going forward.
Gas prices in the US are down 21% from a year ago, with the national average currently standing at $3.54 a gallon, a clear positive for consumers as they gear up for the start of summer driving season and more evidence of the economy-wide inflation cooldown. The doomsday scenario of Russia’s oil production getting derailed has not materialized, and US oil production continues to gradually rebound, serving as a powerful counter to production cuts by OPEC and its allies. However, there are at least two wildcards that could send gas prices shooting higher once again: a powerful hurricane that knocks out major refineries or an economic rebound that drives up demand for energy.
Samsung has partnered with Diesel to launch official cases for the Galaxy S23 series, exclusively available through Samsung.com in select countries. The cases feature a large DIESEL logo and are available in black and white colors, with a replaceable backplate and case strap. The cases have a rubberized effect on the logo for improved grip and raised corners for better shock resistance. The Galaxy S23 Diesel Case costs €34.90 in Italy, with additional backplates and case straps available for purchase separately or as a bundle.