Europe’s big oil refiners are searching for other uses for roughly $10 billion of investments in diesel as they anticipate falling demand for what was once European drivers’ favorite fuel. Total SA of France, Repsol SA and CEPSA of Spain, and Saras SpA of Italy are planning to use facilities built to churn out diesel mostly for passenger cars to instead provide chemically similar products like container-shipping fuel and jet fuel. They hope to at least minimize the latest blow to an industry that was already being squeezed by competition from Asian and Middle Eastern refiners. The Volkswagen AG emissions scandal in 2015 sent sales of diesel vehicles plummeting. Diesel, which emits nitrogen oxide, is now considered a much more serious pollutant than it was just a few years ago when European governments were promoting the […]