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 refining
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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.
Western Australia could be home to the country’s newest large-scale oil refinery, if a government proposal goes ahead.
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.
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.
The process is similar to simmering a pasta sauce.
Political chaos, sanctions and technical mismanagement of the oil industry may have taken a heavy toll on the industry.
Electric cars charged with locally made electricity can boost Australia’s energy security. That’s great – if we avoid relying on just one EV producing nation.
The US produces more oil today than any other country, and there is no clear emergency on the scale of the energy crises of the 1970s. But there are some causes for concern.
Our new approach lets us separate, store and transport tricky gases like hydrogen as a solid - and for a fraction of the energy.
Oil revenues are crucial to Russia’s economy. The US only accounts for a small fraction of them, so banning Russian oil imports has mainly symbolic value.
We discovered that the 12 largest petrochemical companies announced 88 new projects between 2012 and 2019: new and expanded facilities that will likely operate for decades, ramping up carbon emissions.
There’s no precedent for selling oil from the Strategic Petroleum Reserve at a time when there’s no market-driven reason for doing that.
Australia depends on imported fuel to keep running. We never got around to setting up an official reserve, and that means we’re already at risk.
In a speech last Thursday at International Petroleum Week – one of the biggest events on the industry’s calendar – Ben van Beurden, chief executive of Royal Dutch Shell, argued that big energy companies…
It might sound unlikely, but Australia’s fuel gauge is worryingly low. We’re one of the world’s top energy exporters, but our stocks of liquid fuels – such as the oil on which almost the whole transport…
The runaway train of 73 oil tankers that derailed and exploded in the small town of Lac-Megantic in Quebec, Canada last week left 15 dead, around 50 missing, and shows how dangerous transporting oil can…
Last week, Caltex decided to close its Kurnell refinery in Sydney. This closure follows a recent decision by Shell to close its refinery at Clyde in Sydney and it will leave the city without any oil refineries…
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Director, Energy, Climate Justice, and Sustainability Lab, and Research Professor, New York University; Tufts University
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Honorary Fellow, The University of Queensland
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Assistant Professor of Economics, Georgia Institute of Technology
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Professor of Public Policy and Director of the Payne Institute, Colorado School of Mines
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