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(Reuters) – Record Election Day diesel and gasoline prices helped push Americans toward Democrats in Tuesday’s midterms, with voters citing the cost of living in their decisions, exit polls showed. Only last month, President Donald Trump bragged at a campaign rally that the US oil and gas business was making hundreds of billions of dollars …
Soaring Diesel Prices Helped Usher in Democratic Sweep Read More »
Oct 29 (Reuters) – Russia will extend its diesel export ban until the end of the year while allowing some companies to ship fuel under a quota system to meet its new export commitment to the US, two people familiar with the discussions told Reuters. Moscow and Washington agreed a diesel supply deal after Presidents …
Russia to Extend Diesel Export Ban, Use Quotas to Fulfil US Deal, Sources Say Read More »
(Reuters) – Phillips 66 beat Wall Street estimates for third-quarter profit on Wednesday, helped by higher refining margins as ongoing tensions in the Middle East boosted demand for US fuel exports. US refiners have emerged as key beneficiaries of disruptions in Russia, China and the Middle East that tightened global supplies, while utilization has averaged …
Phillips 66 Beats Quarterly Profit Estimates as Refining Margins Soar Read More »
(Reuters) – US consumers are paying more than anyone in the world for the jump in fuel prices caused by supply disruptions resulting from the US war on Iran, including the virtual shutting and then blockade of the Strait of Hormuz, a study said on Monday. US consumers have paid an average of $471 …
Oct 26 (Reuters) – Russian refiners are raising diesel production in October after the government granted export quotas following the Kremlin’s supply agreement with the United States, said two industry sources close to the matter. US President Donald Trump said on October 9 that Russian President Vladimir Putin had agreed to a deal to supply …
Russian Refiners Ramp Up Diesel Output After US Deal, Sources Say Read More »
By Nicole Jao and Vallari Srivastava Adjusted profit reaches record $23.90 per share, up 553% from a year earlier Refining margin per barrel nearly triples to $39.24 in third quarter Valero plans fourth-quarter refinery runs at 96% to 99% of capacity NEW YORK, Oct 22 (Reuters) – Refiner Valero Energy (VLO.N) kicked off earnings season …
US Refiner Valero Posts Record Quarterly Profit as Supply Disruptions Boost Margins Read More »
By Jarrett Renshaw and Leah Douglas $8 billion farm aid pushes payments to a record $55.4 billion Analysts see little diesel price relief before midterms Russian fuel deal risks aiding Moscow with little US benefit Oct 23 (Reuters) – With the November midterm elections fast approaching, President Donald Trump is throwing an array of costly …
Trump’s Diesel Price Relief Efforts Grow Costlier as Election Nears Read More »
(Reuters) – The US Energy Information Administration said on Thursday that US refiners have maintained higher-than-normal run rates this year, buoyed by strong margins stemming from tight global supplies of refined fuel products. Refinery utilization has averaged more than 95% of capacity between May and September, the highest for those months since 1998, the EIA …
US Refiners Have Run Harder in 2026 as Tight Diesel Supplies Boost Margins, EIA Says Read More »
By Yogi Schulz Trump’s deal with Russia to export diesel seems like a desperate attempt to lower sky-high US retail diesel prices, as shown in the chart below, and to change the dismal outlook for Republican candidates in next month’s US mid-term election. Source: Motor Fuel Prices – September 2026, Bureau of Transportation Statistics …
TRUMP’S HAIL MARY: What Impacts Will the Trump-Putin Diesel Deal Have? – Yogi Schulz Read More »
(Reuters) – Ukraine’s President Volodymyr Zelenskyy warned the world of looming risks from the diesel deal struck by President Donald Trump with Russia, saying it paves the way for further sanctions relief for an aggressor that shows no desire to end its war. Ukrainians struggling with a fifth year of Russian attacks on their power …
Zelenskyy Warns Against Normalising Deals With Russia After Trump’s Diesel Accord Read More »
