India Hits Seven-Year High in Venezuelan Crude as Reliance Loads Up Jamnagar October flows could top 465,000 b/d—the strongest since 2019—while India’s decade-long import reshuffle and its No. 2 global refined-product export role show how discounted heavy barrels still clear through the world’s most complex refineries. India’s Venezuelan crude imports are on track for a […]
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Saudi Arabia, Iraq, and West African sellers are cutting prices to cover record tanker bills, and Brent futures barely flinch. The catch: the barrel that actually reaches a refinery costs more than the screen says, not less. Here is what that gap means for your fill-up, your grocery bill, and the odds of a recession. […]
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Crude is moving again through the Strait of Hormuz. The fuel Americans actually buy is not. That is the gap David Blackmon flags in his October 7 Forbes piece, “Oil Is Flowing Again But Gasoline, Diesel Prices Aren’t Cooperating,” and the data behind it explain why pump prices remain stuck near records even as headlines […]
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The likely first hurricane of 2026 is forecast to cross deepwater fields that pump about 15% of U.S. crude and reach the coast late Friday. The latest NHC track has shifted east toward Alabama and the Florida Panhandle, which lowers the odds for the Mississippi River refining corridor. It does not take Pascagoula, the Colonial […]
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Russell Hardy did not wake up on October 6 and decide to scare a room full of energy executives. He runs Vitol, the biggest independent oil trader on the planet, and he was describing what his people are actually seeing when they try to move barrels. The seven-month war involving the United States, Israel, and […]
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Venezuela’s Cardón refinery — the country’s second-largest plant — was fully halted on Tuesday after a gas-line fire and explosions at its diesel hydrotreater. The blaze was brought under control in under an hour with no reported injuries, but PDVSA has not issued a damage assessment or restart timeline. The outage hits an already fragile […]
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ENB Pub Note: This article first ran on the Crude Truth Substack, and we recommend subscribing. The Crude Truth about Diesel and President Trump’s Executive Order. President Trump signed an executive order on October 5, 2026, temporarily allowing off-road “dyed” diesel for highway use and deferring the federal excise tax through year-end. The move targets […]
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Crude dipped below $98 Tuesday on recovering Middle East exports and a G7 stockpile release, then climbed back to $100. Gasoline is still $4.37 and diesel $6.32. Nearly 20 ship attacks in a month, “scarily thin” inventories and an SPR at a 44-year low say the relief is fragile. On paper, Tuesday looked like relief. […]
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A worldwide diesel crunch, driven by wartime disruptions, is giving fresh political momentum to Brazil’s state oil company Petrobras and its long-debated push for greater domestic refining. The same supply tightness is exposing the United States’ own refining constraints—constraints that have accumulated for decades and are heavily concentrated in states with stricter environmental rules. In […]
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President Trump’s Midterm Diesel Probability Forecasting Tool ties record distillate prices directly to Senate control odds less than five weeks before the November 3 vote. Retail on-highway diesel sat at $6.382 per gallon for the week of September 28 (EIA), down only modestly from the $6.529 record the prior week and more than $2.60 above […]
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