The oil market is no longer one price. It is a map. Javier Blas put the new arithmetic on the table in Bloomberg Opinion on September 21: hiring a Very Large Crude Carrier from the Persian Gulf to Asia has jumped twelvefold in a few months to a record $1.1 million a day. Translate that […]
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The global diesel squeeze just absorbed another shock. Overnight into Sunday, Ukrainian drones reached the Gazprom Neft Moscow Oil Refinery in Kapotnya — about 16 miles, or 25 kilometers, from the Kremlin — during what Russia called the largest drone barrage of 2026. This was not a one-off raid on a storage tank. It was […]
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In this episode of Energy Newsbeat, host Stu Turley and energy industry expert Rey Trevino tackle the perfect storm facing America’s energy sector. With diesel prices hitting record highs, critical refineries offline, and geopolitical tensions threatening global oil supplies, the hosts dissect nine major energy stories that reveal how decades of regulatory missteps and policy […]
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The United States is not short of crude oil. It is short of spare refining capacity, spare distillate inventory, and spare time. Diesel is the pressure point. National retail diesel is printing all-time highs near $6.40 a gallon. California is above $8.30. Midwest pump prices are breaking state records after ExxonMobil’s Joliet refinery in Illinois […]
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One of the Midwest’s most important diesel and gasoline plants is still dark. ExxonMobil’s Joliet refinery in unincorporated Channahon Township, Illinois — about 40 miles southwest of Chicago — remains offline after a Sunday power outage and a subsequent flood that overwhelmed a pump. ZeroHedge flagged the outage overnight as “one of the largest diesel […]
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The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 now sits on President Donald Trump’s desk after the House passed it 262-159 on September 16. The Senate had already approved it 86-11. The bill targets Russia’s energy sector, officials, banks, oligarchs, and shadow fleet while authorizing the president to impose tariffs of up […]
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Moscow is keeping diesel at home through the end of October. That decision lands on a European market that has already lost its old Russian supply line, is watching Saudi crude and product routes seize up, and is about to hear from the Bank of England on interest rates. The combination is not a single […]
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Diesel prices in the United States have smashed through records, topping $6.31 a gallon nationally as of September 16, 2026. Truckers, farmers, and households feel it immediately. Heating oil, chemically similar to diesel, is following the same path. With midterms weeks away, the political pressure is intense. Senate Majority Leader John Thune said he is […]
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American oil executives have spent months warning that a prolonged disruption of the Strait of Hormuz would eventually produce a fuel crisis rather than a simple crude shortage. They now say that moment has arrived. Commercial inventories of gasoline, diesel, and jet fuel have been drawn down for more than six months. Strategic crude reserves […]
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NASA fire-detection satellites and open-source thermal data captured two intense fires at the Aramco complex in Yanbu on Saudi Arabia’s Red Sea coast, each radiating roughly 40 megawatts of heat—far above the 5–10 megawatts typical of a routine flare. The detections, highlighted in reporting shared by Chris Martenson quoting Mario Nawfal, come as Yanbu has […]
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