{"id":547617,"date":"2023-01-16T10:44:56","date_gmt":"2023-01-16T05:14:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=547617"},"modified":"2023-01-16T12:13:09","modified_gmt":"2023-01-16T06:43:09","slug":"refining-troubles-huge-sanctions-looming-for-fuel-that-powers-the-world","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/refining-troubles-huge-sanctions-looming-for-fuel-that-powers-the-world\/","title":{"rendered":"Refining troubles: Huge sanctions looming for fuel that powers the world"},"content":{"rendered":"<p>An unprecedented chunk of the global diesel market, the workhorse fuel of the global economy, is just weeks away from being subject to aggressive sanctions.<\/p>\n<p>From Feb. 5, the European Union, the G-7 and its allies will attempt to impose a cap on the price of Russia\u2019s fuel exports \u2014 the latest punishment for its invasion of Ukraine. That will coincide with an EU prohibition on almost all imports of Russian oil products.<\/p>\n<p>Similar measures are already in place on the country\u2019s crude shipments, but it is the cap and ban on refined fuels \u2014 and in particular diesel \u2014 that has some oil-market watchers concerned about the potential for price spikes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An unprecedented chunk of the global diesel market, the workhorse fuel of the global economy, is just weeks away from being subject to aggressive sanctions. From Feb. 5, the European Union, the G-7 and its allies will attempt to impose a cap on the price of Russia\u2019s fuel exports \u2014 the latest punishment for its invasion of Ukraine. That will coincide with an EU prohibition on almost all imports of Russian oil products. Similar measures are already in place on the country\u2019s crude shipments, but it is the cap and ban on refined fuels \u2014 and in particular diesel \u2014 [&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-547617","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\/547617","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=547617"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/547617\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=547617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=547617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=547617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}