diesel

Charging electric vehicle owners tax per mile could "cause friction" in the drive to phase out diesel and petrol cars, according to the boss of an electric car leasing firm.

The pipeline proposal comes as California navigates the critical trade-off between reducing one of the biggest drivers of climate change — gasoline and diesel — and maintaining consumer affordability.

The continued drop in diesel crack spreads remains a weight for crude, he adds.

Some of the hydrogen will be used to produce diesel from regional heating oil, Wilcox said.

A downturn in U.S. diesel and European gasoil futures on prospects of the U.S. eventually lifting Russia sanctions has weakened one of the recent supports for crude, while concerns about oversupply remain.