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(Reuters) – US ultra-low-sulfur diesel futures fell more than 6% on Wednesday after Politico reported the administration of US President Donald Trump is preparing a plan to ban diesel exports for 90 days. The October futures contract was last trading at $4.7512 a gallon, down 3.9%. Diesel prices have shot to record highs in the …
US Diesel Futures Fall After Report of Export Ban Plan Read More »
By Andrew Mills Sept 23 – US President Donald Trump’s UNGA sidelines meeting with Gulf leaders this week delivered a familiar bit of Trumpian theatre: after boasting that US naval escorts had shepherded more than a billion barrels of Gulf oil, he turned to Qatar’s Emir Sheikh Tamim bin Hamad Al Thani and quipped: “That’s …
US President Donald Trump on Tuesday said he backed the idea of a diesel export ban as a way to lower prices that have hit record highs due to a global supply shortage. But analysts and market watchers warn that such a measure would do little to ease high energy prices, and could worsen supply …
Ban on US Diesel Exports Would Hurt, Not Help, Fuel Market Analysts Say Read More »
(Reuters) – President Donald Trump on Tuesday said he backed the idea of a ban on diesel exports, which some US politicians are calling for as a way to curb the soaring cost of energy. Diesel prices have rallied in Europe and the US to record highs as wars in Iran and Ukraine sharply cut …
Trump Says He Backs the Idea of a Ban on Diesel Exports Read More »
By API – American Petroleum Institute Historic disruption to global refining output has taken millions of barrels per day of diesel off the market. And the impact is showing up in prices all over the world — including here in the U.S. American refineries have been running at record rates for months to help supply markets …
Summary North American diesel storage available for lease hits four-year high in October, The Tank Tiger says US diesel stocks lowest for this time of year on record, EIA says EIA forecasts US distillate inventories below 100 million barrels in September through end-2026 (Reuters) – A global diesel shortage fueled by wars in Iran and …
Global Diesel Shortage Likely to Last into 2027 as Storage Tanks Drain Read More »
(Reuters) – Unlike crude oil or gasoline, diesel rarely makes front-page news, yet it now has U.S. President Donald Trump’s full attention. Spiking prices for the fuel threaten to push inflation much higher, and taming it will be an epic challenge. Trump has recently shifted his focus from domestic gasoline prices to diesel. Last week, …
Record Diesel Prices Could be Trump’s Achilles’ Heel: Bousso Read More »
By Leah Douglas, Lisa Baertlein and Nichola Groom Diesel costs for US farmers are double last year’s level Record diesel prices also pressure food transport and retail Prices seem headed up for grocery staples like produce and meat WASHINGTON, Sept 18 (Reuters) – In northeast Missouri, Addie Yoder, a corn, soybean and cattle farmer, runs …
Record US Diesel Prices Squeeze Farmers; Food Prices May Rise Read More »
(Reuters) – An energy infrastructure truce that U.S. President Donald Trump brokered between Russia and Ukraine could reduce one of the biggest immediate threats facing the global diesel market. But it is unlikely to reverse the severe supply crunch that has emerged this year. On Monday, the Republican president said Ukraine and Russia had agreed …
Trump’s Ukraine Energy Truce Won’t Fix Global Diesel Crunch: Bousso Read More »
Six plants account for roughly half of Russia’s diesel output Kirishi shut, Volgograd and NORSI running at about 25% capacity, sources say Trump has urged Ukraine to stop strikes on Russian diesel infrastructure MOSCOW, Sept 15 (Reuters) – Half of Russia’s six top diesel-producing refineries were forced to significantly cut back or completely halt output …
Half of Russia’s Top Diesel-Producing Refineries Cut Back Output After Drone Strikes Read More »
