by DantesPeak » Tue 15 Apr 2008, 13:19:31
Global demand and shortages still pushing diesel prices higher:
$this->bbcode_second_pass_quote('', 'O')il, Gasoline Climb to Records as Investors Move to Commodities
By Mark Shenk
April 15 (Bloomberg) -- Crude oil and gasoline rose to records as investors purchased commodities because their returns have outpaced stocks, bonds and other financial instruments.
Chinese diesel demand was up 49 percent for March.
China, the world's second-largest energy consumer, increased diesel imports as state refiners China Petroleum & Chemical Corp. and PetroChina Co. bought more to ensure supplies for the spring planting season.
Chinese oil demand this year will rise 4.7 percent to 7.9 million barrels a day, the International Energy Agency said in a report on April 11.
Bloomberg$this->bbcode_second_pass_quote('', '[')b]Caltex Australia Has Diesel Shortage Due to Shutdown (Update2)
By Angela Macdonald-Smith
April 15 (Bloomberg) -- Caltex Australia Ltd., the nation's biggest oil refiner, said urgent, unplanned maintenance at a diesel unit in Queensland is causing a shortage of supplies.
The company is bringing in diesel from New South Wales state and from overseas to help meet demand, Sydney-based Caltex Australia said today in an e-mailed statement. The diesel hydrotreater was shut in early April for repairs after a leak was detected, said Alison Badger, a spokeswoman, without giving details.