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Asian buyers are paying top dollar for a variety of fuels that can be fed into steam boilers or power turbines as they seek alternatives to increasingly pricey natural gas.

Asian buyers are paying top dollar for a variety of fuels that can be fed into steam boilers or power turbines as they seek alternatives to increasingly pricey natural gas.

Asian buyers are paying top dollar for a variety of fuels that can be fed into steam boilers or power turbines as they seek alternatives to increasingly pricey natural gas. The electricity crisis is roiling energy markets from Europe to Asia, with fuels that can be used for heating or power generation, such as propane, diesel and fuel oil, in high demand. Goldman Sachs Group Inc predicts that the crunch would drive greater consumption of crude later this year, while China has ordered state-owne...

The electricity crisis is roiling energy markets from Europe to Asia

Asian buyers are paying top dollar for a variety of fuels that can be fed into steam boilers or power turbines as they seek alternatives to increasingly pricey natural gas. The electricity crisis is roiling energy markets from Europe to Asia, with fuels that can be used for heating or power generation, such as propane, diesel and fuel oil, in high demand. Goldman Sachs Group Inc predicts that the crunch would drive greater consumption of crude later this year, while China has ordered state-owne...

Asian buyers are paying top dollar for a variety of fuels that can be fed into steam boilers or power turbines as they seek alternatives to increasingly pricey natural gas. The electricity crisis is roiling energy markets from Europe to Asia, with fuels that can be used for heating or…

By Jack Wittels (Bloomberg) — It was meant to be one of the greatest transformations in the history of oil and shipping. Instead, a sweeping regulatory change this year to clean up the maritime industry’s fuel passed successfully and with little fanfare, rendered a historical footnote by Covid-19. Vessel owners and oil refiners were expected to face major upheaval because of rules that took effect on Jan. 1 to help improve human health and combat environmental concerns by slashing the amou...

Shipping sheds its dirty problem with a little help from COVID Jack Wittels, Bloomberg FacebookTwitterEmail It was meant to be one of the greatest transformations in the history of oil and shipping. Instead, a sweeping regulatory change this year to clean up the maritime industry’s fuel passed successfully and with little fanfare, rendered a historical footnote by Covid-19. Vessel owners and oil refiners were expected to face major upheaval because of rules that took effect on Jan. 1 to help...

Vessel owners and oil refiners were expected to face major upheaval because of rules that took effect on Jan. 1, 2020. (Bloomberg) -- It was meant to be one of the greatest transformations in the history of oil and shipping. Instead, a sweeping regulatory change this year to clean up the maritime industry’s fuel passed successfully and with little fanfare, rendered a historical footnote by Covid-19. Vessel owners and oil refiners were expected to face major upheaval because of rules that took...