CleanTechnica•21 days ago
Geopolitical Developments Contribute to Elevated Diesel Prices
Key Takeaway
Rising global diesel prices, driven by geopolitical events and supply constraints, will increase operational costs for diesel-reliant backup power and construction, impacting project budgets and reliability strategies for developers and large consumers.
AI Summary
- •Global refinery margins for diesel have reached their highest point this year, signaling significant price increases.
- •The primary drivers are refinery outages in Russia and the Middle East, compounded by new sanctions on Russian crude oil.
- •These factors are leading to limited global refinery production and a decreased supply of diesel.
- •For developers and large power consumers, this translates to elevated costs for diesel-fueled backup generation, construction equipment, and potentially some peaking power plants.
Topics
datacenteremissionspolicysimple-cycle
Article Content
Global refinery margins for diesel have widened since late October and increased to their highest level all year, following refinery outages in Russia and in the Middle East and new sanctions on Russia’s crude oil, leading to limited refinery production and a decreased global diesel supply. The impact was most ... [continued] The post Geopolitical Developments Contribute to Elevated Diesel Prices appeared first on CleanTechnica .