Diesel Prices Heading Higher by 2020?

Analysts are getting increasingly worried that the refining industry will not be prepared in time to meet the lower sulfur regulation under the new International Maritime Organization (IMO) set to begin January 1, 2020 and will subsequently increase diesel prices in relation to crude oil.

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One Happy Refinery?

Just a few miles off the coast of Venezuela, in the bright blue Caribbean Sea, sits a small Dutch Island, Aruba also known as One Happy Island.  Perhaps you have heard of it. Located on the South East part of the island is an idled 235,000 barrel-per-day refinery owned by Citgo Petroleum.

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