How Shipping is Pushing Up the Cost of Commodities

Electric cars may be ousting diesel vehicles from the roads, but the shipping industry is still reliant on the fuel - good news for the oil price

Ashburton Investments 1 August, 2018 | 12:12PM

This article is part of Morningstar's "Perspectives" series, written by third-party contributors. Here, Richard Robinson, manager of the Ashburton Global Energy Fund, says the reports of diesel’s death are greatly exaggerated.

Oil rig commodities natural resources energy brent crude WTI oil price

The demise of diesel has been well documented over recent years, as global efforts to curb greenhouse gas emissions continue to power the rise of hybrid and electric vehicles. However, far from a diesel death knell, we expect to see a resurgence in the use of the fuel.

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Ashburton Investments  are the investment management arm of FirstRand Group, one of Africa’s largest financial services companies.

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