There’s not much diesel fuel lying around, and lots of people want to buy what is available, as well as what little is produced each day. It’s all a matter of supply and demand.
Articles on Oil refineries
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The country, and the world, have been losing diesel refining capacity for many years and can’t just ramp up production to fill the shortages.
Cooking gas and diesel fuel are among the oil products whose supply levels have been affected already. Here’s why to expect long-term shortages.
Fuel is not the only critical thing Australia imports by sea. We need to make maritime resilience a priority.
Suspending the federal gas tax, which would require Congress to agree, would drop gas prices only about 4% – less in high-cost states like California.
Many oil refineries have caught fire recently. Whether caused by drone strike or accident, the result is the same: more pressure on shaky energy systems.
As US gas prices climb, politicians are looking at ways to lower them. An economist breaks down what does − and doesn’t − move the number on the sign at the gas station.
Countries don’t just switch from fossil fuels to renewable energy sources. Each takes its own path, depending on its economy, international trade relations and government stability.
The green jobs promised by government won’t come quickly enough for the workers at the Grangemouth refinery.
Refinery closures in South Africa are shots fired in the long running contestation between the oil refiners and the government, which has been trying to introduce cleaner fuels.
Former Soviet bloc nations have reason to worry about an embargo on Russian oil, but Europeans are finally recognizing the true costs of their longstanding energy dependence on Russia.
Most of the emphasis has been on the threat to Europe’s gas needs, but if Russian crude oil is restricted, it will cause even greater problems.
Top contributors
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Assistant Professor of Economics, Georgia Institute of Technology
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Professor of Diplomacy and International Relations, Seton Hall University
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Visiting Adjunct Professor, African Energy Leadership Centre, Wits Business School, University of the Witwatersrand
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Professor of Business Economics, University of Birmingham
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Professor of Industrial Strategy & Regional Development, Co-Director Centre for Governance, Regions and Industrial Strategy (CGRIS), University of Bath
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Adjunct Professor, Defence and Security Institute, The University of Western Australia; UNSW
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Director, Energy, Climate Justice, and Sustainability Lab, and Research Professor, New York University; Tufts University
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Visiting Postdoctoral Scholar, Center for Middle Eastern Studies, Harvard University
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Head of Geopolitics - Leidra, Researcher, RMIT University
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Professor of Public Policy and Director of the Payne Institute, Colorado School of Mines
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Fellow, Payne Institute for Public Policy, Colorado School of Mines
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Lecturer in Energy Systems, University of Oxford
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Research Associate Professor, Biocomplexity Institute, University of Virginia; Cornell University