Diesel Fuel

Fuels
Distillate Markets
Transportation
Transportation
Distillate Markets

OMV Refining Margins Rise

Austria-based OMV reported that because of a hefty crude oil inventory-valuation charge, its full-year 2014 downstream division posted a loss of €250 million (US$283 million) as measured by EBIT, down from €658 million (US$745 million) EBIT profit in 2013.

Fuels
Transportation
Fuels
Fuels
Distillate Markets

Diesel Price Plunge Slams CNG, LNG Fuel Sellers

California-based Clean Energy Fuels—North America’s largest retailer of compressed natural gas (CNG) and liquefied natural gas (LNG), mainly targeting heavy-duty diesel fleets—on Feb. 26 reported a full-year net loss of $89.7 million, $22 million worse than the $67-million net loss in 2013.