{"id":442546,"date":"2021-10-14T09:20:43","date_gmt":"2021-10-14T03:50:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=442546"},"modified":"2021-10-14T11:03:13","modified_gmt":"2021-10-14T05:33:13","slug":"global-energy-crisis-spurs-scramble-for-prized-diesel-rich-crude-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/global-energy-crisis-spurs-scramble-for-prized-diesel-rich-crude-2\/","title":{"rendered":"Global energy crisis spurs scramble for prized diesel-rich crude"},"content":{"rendered":"<p>The impact of the global gas and coal squeeze is rippling through the crude market, with the spot differential for Russia\u2019s diesel-rich Sokol grade soaring on expectations that there will be more demand for substitutes this winter.<\/p>\n<p>ONGC Videsh Ltd. sold a cargo for loading in early December at a premium of $5.20 to $5.30 a barrel over the grade\u2019s benchmark, according to traders who asked not to be identified. That\u2019s the widest spot differential since January 2020, data compiled by Bloomberg show.<\/p>\n<p>Diesel and fuel oil are expected to be the main oil-product beneficiaries of the crunch that\u2019s roiling Asia and Europe. Generators in China and India are facing keen competition as they try to secure coal and natural gas in an already-tight market that\u2019s seen thermal coal soar and liquefied natural gas hit a record.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The impact of the global gas and coal squeeze is rippling through the crude market, with the spot differential for Russia\u2019s diesel-rich Sokol grade soaring on expectations that there will be more demand for substitutes this winter. ONGC Videsh Ltd. sold a cargo for loading in early December at a premium of $5.20 to $5.30 a barrel over the grade\u2019s benchmark, according to traders who asked not to be identified. That\u2019s the widest spot differential since January 2020, data compiled by Bloomberg show. Diesel and fuel oil are expected to be the main oil-product beneficiaries of the crunch that\u2019s roiling [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-442546","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/442546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=442546"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/442546\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=442546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=442546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=442546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}