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The diesel fuel industry is undergoing significant changes, driven by a combination of economic, environmental, and technological factors. As we transition toward more sustainable energy sources, the future of diesel fuel is being reshaped in unexpected ways. Here’s a closer look at what’s happening in this crucial sector.
As of July 2024, crude oil prices have shown a modest recovery from earlier lows. Brent crude, a major benchmark, is trading around $88 per barrel, up from $82 per barrel in June. This increase follows a dip to $75 per barrel after OPEC+ announced it would begin unwinding production cuts later this year.
Read MorePemex, once a global oil giant, is now burdened by debt and declining production. The Mexican government's support for Pemex has come at a high cost. Pemex faces challenges in both addressing environmental concerns and attracting investment.
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