Diesel Fuel

Distillate Markets
Transportation

IEA: $40 Trillion In Investments Needed for Low-Carbon Energy

The International Energy Agency (IEA) said in its May 4 Energy Technology Perspectives 2015 (ETP) report that energy companies and governments must invest at least $40 trillion in “low-carbon” energy in coming years in order to head-off the worst effects of so-called “global warming” during this century.

Transportation

Scania 1Q-2015 Net Income Rises Year-On-Year

Sweden-based truck and bus maker Scania said that its first-quarter (1Q) 2015 net income rose to SEK1.7 billion (US$197 million), up 9% from SEK1.5 billion (US$174 million) in 1Q 2014.

Transportation

Cummins 1Q-2015 Profits Rise Year-on-Year

Indiana-based Cummins Inc.—a global producer of mostly diesel-powered engines—on April 28 announced that its first-quarter (1Q) 2015 net income rose 14% year-on-year (y-o-y), to $387 million, from $338 million in 1Q 2014.

Distillate Markets
Distillate Markets
Regulation & Legislation
Regulation & Legislation

U.S. Court Upholds GHG-CAFE Limits, Trashes POP Diesel Lawsuit

The U.S. Court of Appeals for the District of Columbia on April 24 upheld U.S. Environmental Protection Agency (EPA) and U.S. National Highway Transportation Safety Administration (NHTSA) rules on corporate average fuel economy (CAFE) and greenhouse-gas (GHG) limits for both light- and heavy-duty vehicles.

Distillate Markets
Transportation

Wärtsilä 1Q-2015 Profits Dip Year-on-Year

Wärtsilä—producer of mainly diesel-fueled and natural-gas-fueled marine engines and power plants—on April 23 reported that its first-quarter (1Q) 2015 pre-tax profits dipped to €82 million, from €89 million in 1Q 2014.