Oct. 7 (TN) Constellation, Brazil's largest offshore drilling company, has received Approval in Principle (AiP) certification from the American Bureau of Shipping (ABS) for its "Fuel Processor" project—an innovative technology designed to boost energy efficiency and reduce emissions in diesel engines used on offshore units. AiP validates the safety and technical soundness of disruptive solutions... Continue Reading →
Petrobras raises diesel price, offsets increase with new Brazil subsidy
Sept 16 (Reuters) - Brazilian state-run oil firm Petrobras said on Wednesday it will hike diesel prices to distributors by an average of 1 real ($0.1941) per liter as of Thursday, while also giving a discount of the same amount. As a result of the moves, which followed the company's decision to enroll in a... Continue Reading →
US diesel crack surpasses $100 a barrel for the first time on supply disruptions
Aug 17 (Reuters) - The U.S. diesel crack, a key measure of refining profitability, hit an all-time high of $102.20 a barrel on Monday as global supply disruptions from the wars in Iran and Ukraine run into peak agricultural consumption season. Measured as the premium of U.S. diesel futures over U.S. West Texas Intermediate crude oil futures , the... Continue Reading →