Category: Gasoline

Global Diesel Crisis Boosts Petrobras’ Hot-Button Refining Plan — Just Like the US, It Depends on the Election

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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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Tankers burning in Hormuz, and Secretary Wright is highly confident Europe will dump emergency diesel stocks

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Tankers are burning in the Strait of Hormuz, visible traffic through the waterway has collapsed to a fraction of normal levels, and U.S. Energy Secretary Chris Wright says he is “highly confident” Europe will draw down emergency diesel stocks to ease a global shortage. The combination is keeping a firm geopolitical premium in crude while […]

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China now adding stress to diesel markets – Where do we go from here?

Clark Savage1223

China is once again withholding refined products from the global market, layering fresh stress onto an already strained diesel complex. On October 1, 2026, trade sources reported that Chinese refiners have suspended oil-product exports for October to destinations other than Hong Kong and Macau, pending new guidance from Beijing. State-owned major PetroChina has canceled planned […]

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President Trump’s 2026 Jones Act waivers moved tens of millions of barrels of U.S. energy that the domestic fleet could not carry. Freight savings are real but modest on a national scale; the larger story is avoided shortages, reopened domestic routes, and a live stress test of a 1920 law that left the United States with too few ships.

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On March 17, 2026, the Department of Homeland Security issued the longest and broadest Jones Act waiver since at least 1950, covering energy commodities and fertilizer inputs. The waiver was extended twice and now runs through November 15, 2026, with a narrower product list and voyage-by-voyage review after August 17. The Cato Institute’s Jones Act […]

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Why Are Global Diesel Prices So High? Exhibit A: Ukraine Drone Hits Novoshakhtinsk Refinery

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A Ukrainian drone strike on Friday forced Russia’s Novoshakhtinsk refinery in the Rostov region offline, according to regional governor Yury Slyusar. The plant, which processes about 110,000 barrels per day (roughly 5–5.6 million tons per year), is not one of Russia’s giants. It is, however, a clean illustration of why diesel—the workhorse fuel for trucking, […]

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