Add diesel fuel supplies to market anxieties over shortages and high prices. Diesel hit all-time record prices this week. Both gasoline and diesel rose sharply after Russia’s invasion of Ukraine, but in the last two weeks, diesel prices spiked again. And the medium-term outlook remains bullish.
The above prices are in the Midwest, but the problem is more acute on the East Coast. While the Russia/Ukraine war is an adverse catalyst, it is not the driving underlying force for the current diesel situation. The issue is inventories and refining capacity on the East Coast. Since January 2022, inventories of distillate on the East Coast are down 47 percent. In the past two years, refining capacity has dropped to 818,000 barrels per day, d...
ZanzibarMnemba Marine Parksouthern cassowary Mnemba Marine Park is located 10 kilometres (6 mi) from Stone Town and forms part of the northeastern Unguja Island. A marine reserve and atoll, its shallow stretch of coral reef is in the shape of an oval. It is located between Matemwe and Nungwi, w...
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The magpie goose (Anseranas semipalmata) is the sole living representative species of the family Anseranatidae. This waterbird is found in northern Australia and southern New Guinea.[2] The species is not truly migratory but it sometimes travels large distances to find food and water, especiall...
A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
