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(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 »
U.S. President Donald Trump on Sunday called on Ukrainian President Volodymyr Zelenskiy to stop targeting Russian diesel infrastructure, saying the attacks were causing a shortage of the fuel that is “hurting the world”. A wave of long-distance Ukrainian drone attacks on Russian oil refineries in recent months has reduced that country’s fuel production, triggering …
STOP IT! Trump Tells Ukraine’s Zelenskiy to Stop Hitting Russian Diesel Read More »
The U.S. national average price of diesel surpassed $6 a gallon for the first time ever on Thursday, according to price tracker GasBuddy, as the U.S.-Iran war and Ukrainian attacks on Russia’s refineries have squeezed supply. The record comes as oil futures have climbed back above $100 a barrel on the intensification of conflict …
(Reuters) – U.S. and European diesel prices rose sharply on Monday after attacks on refineries in Russia and Saudi Arabia added to supply disruptions, raising concerns for farmers in need of the fuel for the planting season in the Northern Hemisphere and harvesting season in the Southern Hemisphere. The U.S. ultra-low sulfur diesel futures contract …
(Reuters) – The U.S. diesel futures crack spread, a measure of profitability for refiners, hit a three-week high as analysts said supply tightness for the product is set to persist even after a preliminary deal was reached to end the Iran war. The crack spread, calculated as the difference between the price of U.S. ultra-low …
US Diesel Refining Economics Remain Firm Despite Iran War Truce Read More »
(Reuters) – U.S. Gulf Coast refiners are reaping the strongest margins in years as disruptions to Middle Eastern oil flows from the Iran war raise demand for U.S. fuel exports, analysts and experts said. Asian and European refiners have been hit hard by a slump in Middle Eastern crude exports due to Iran’s blockade of …
Iran War Raises Demand for US Fuel, Boosting Gulf Coast Refining Margins Read More »
(Reuters) – U.S. President Donald Trump’s address to the nation on Wednesday, in which he vowed more aggressive strikes on Iran, has put consumers on course for record fuel prices at the pumps just ahead of the country’s peak summer travel season, market experts said. Americans expected Trump’s speech to outline a plan to end …
By Lisa Baertlein US diesel prices rise due to Iran’s control of Strait of Hormuz Independent truckers slammed by flat demand, high diesel costs Big trucking firms manage fuel costs using surcharges, bulk buying LOS ANGELES, March 27 (Reuters) – The U.S.-Israeli war on Iran has sent U.S. diesel prices up 50%, delaying a long-awaited …
Spiking US Diesel Prices Keep Trucking Industry Stuck in Years-Long Slump Read More »
Being the world’s No. 1 driller isn’t enough to shield the country from the effects of the war. By Will Kubzansky The Iran war may be happening on the other side of the world, but US consumers are already starting to see the effects. Average gasoline prices jumped to $3.25 a gallon on Wednesday, according …
Energy Dominance Won’t Stop US Fuel Costs Pushing Higher Read More »
