Browse
related articles
Demand for diesel boosts oil prices
- Middle East: Tuesday, July 08 - 2008 at 09:16
Demand for diesel may be behind much of the rise in crude oil prices, according to US energy economist Philip K. Verleger. Demand for diesel is rising in both the US and Europe, and its price has been rising much faster than that of gasoline. Truckers and other users of ultra-low-sulfur diesel fuel - the newly improved, cleaner version of the gasoline alternative - are being hit hardest by rising prices at the pump, reported Reuters. It's becoming clear the US should dip into its Strategic Petroleum Reserve for the light, low-sulfur crude that is most efficiently turned into diesel.
Also consider reading:
Today's top stories
Week's top stories
Facebook
LinkedIn
Digg
Browse
related articles
- » Japanese contractors 'owed billions'
- » Value of ongoing and planned real estate projects for Saudi Arabia estimated at $586bn
- » Oman Air warns Boeing on Dreamliner delays
- » The Duke of York formally opens Marco Pierre White Steakhouse and Grill and Frankie's
- » Abu Dhabi National Hotels achieves 27.8% profit growth
Jeff Florian, Senior ReporterTuesday, July 08 - 2008 at 09:16 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
It looks like you are using a Mac - check out our 
Web Feeds