Oil companies and governments are consuming their once vast stockpiles as Iran and the United States continue to struggle for control over the Strait of Hormuz.
Category: Refineries
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Why These Giant Storage Tanks Increasingly Hold Very Little Oil
The New York Times – Business: -
Soaring Diesel Prices Are Helping Oil Companies and Hurting Consumers
The New York Times – Business:The cost of the fuel, used in farm machinery, trucks and other heavy equipment, has surged because of the war in Iran and Ukrainian attacks on Russian refineries.
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Soaring Diesel Prices Are Helping Oil Companies and Hurting Consumers
The New York Times – Business:The cost of the fuel, used in farm machinery, trucks and other heavy equipment, has surged because of the war in Iran and Ukrainian attacks on Russian refineries.
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How the Iran War Made Africa’s Richest Man Even Richer
The New York Times – Business:Africans have turned to one of their own for fuel as the world’s supplies run low. But they are not the only ones with the continent’s richest man on speed dial.
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How a Jet Fuel Refinery Is Scrambling After the Iran War Oil Shock
The New York Times – Business:For a mega-refinery in Ulsan, South Korea, a top exporter of jet fuel to the West Coast of the United States and other places, weaning off Middle Eastern oil is no small feat.
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Why Is Gas So Much More Expensive in Some States Than Others?
The New York Times – Business:Shipping, taxes, competition and environmental regulations all play a part in the cost of gasoline. That can lead to stark differences in pump prices.
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Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline
The New York Times – Business:The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.
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European Airlines Face Fuel Shortages Within Weeks
The New York Times – Business:If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
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As Gas Prices Spike, California Is Hit Hardest
The New York Times – Business:A gallon has climbed to nearly $6 in the state, about $2 above the national average.
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With a New Nigeria Refinery, Africa’s Richest Man Wants ‘to Rescue the Country’
The New York Times – Business:Aliko Dangote, Africa’s richest man, has an ambitious vision for the continent’s most populous nation, but hurdles stand in his way.