Global Refining & Petrochemicals

Margins & Economics
Public Policy
Fuels & Processing
Margins & Economics

ICE ULSD Futures Volume Hits New Record

The Intercontinental Exchange (ICE) announced Oct. 15 that its ultralow sulfur diesel (ULSD) futures contracts (dubbed “ICE Low Sulfur Gasoil”) hit record trading volume on Oct. 14, with 67,110 contracts traded.

Electric Power

Companies Team Up on ‘Green’ CO2-Turbine Power Scheme

Texas-based energy-industry engineering giant CB/I announced Oct. 15 that it’s teaming up with U.S.-based power giant Exelon Generation, Japan-based Toshiba, North Carolina-based 8 Rivers Capital and NET Power on a $140-million “green” power demonstration, tapping supercritical carbon dioxide (CO2) to drive a turbine.

Transportation & Logistics
Public Policy

India Finally Deregulates Diesel Prices

Following years of price controls and tens of billions of dollars of losses suffered by oil refiners and the public treasury, India’s government on October 18 announced that domestic diesel-fuel prices will now be regulated by the free market rather than by politicians.

Fuels & Processing

Global Renewable-Energy Spending on Healthy Upswing

Global renewable-energy investment in the first three quarters of this year was 16% ahead of the same period in 2013—at $175 billion—nearly ensuring that 2014 will see a rebound in dollars invested following two years of decline, recent analysis from Bloomberg New Energy Finance (BNEF) shows.

Margins & Economics
Transportation & Logistics

Caterpillar Sued Over Defective Emissions-Control System

The Washington, D.C.-based law firm of Cohen Milstein announced October 7 that it has filed suit on behalf of 22 trucking companies in 18 U.S. states against Caterpillar over an allegedly defective “ACERT” diesel emissions-control system on Caterpillar heavy-duty highway engines sold between 2007 and 2010.