Tagged Posts for Diesel
Europe Diesel Crack Hits Two-Year High on Supply Fears
Gross diesel margins in Northwest Europe (NWE) soared this week to the highest level since September 2023 as supplies from Russia – the world’s second largest exporter – come under pressure from sanctions and Ukrainian attacks on refineries and ports. Read More
Diesel Margins Rally as Russian Exports Plunge
Global diesel margins are surging to some of the highest levels seen over the past two years amid supply concerns caused by a combination of lower Russian volumes, new sanctions and refinery maintenance ahead of the colder weather season in the northern hemisphere. Read More
Nevada Governor Seeks to Establish Committee Focused on Fuel Stability
Nevada Gov. Joe Lombardo is seeking to create a committee that will focus on strengthening the state’s fuel supply by reducing “vulnerabilities to regional and national disruptions,” a news release from the governor’s office said on Thursday. Read More
China to Levy Retaliatory Special Port Fees on US Vessels
China's Ministry of Transport said Friday it will begin imposing special port service fees on U.S.-owned and -operated vessels calling at Chinese ports starting Oct. 14 in response to a similar move by the U.S. Read More
US-Mexico Energy Trade Drops 21% in 2024 as Crude Imports Decline
The value of energy trade between the U.S. and Mexico in 2024 dropped to its lowest level since 2020 amid falling fuel prices and reduced Mexican oil output, according to a recent report from the U.S. Energy Information Administration using data from the U.S. Census Bureau. Read More
Russia’s Diesel Exports Plunge Amid Ukrainian Attacks on Refineries
Russia’s diesel exports plummeted in September to an eight-year low for the month as a recent wave of Ukrainian drone attacks has significantly disrupted the country’s refining system. Read More
EPA Moves to Revoke Finding Underpinning GHG Emission Regulations
The Trump administration on Tuesday unveiled its plan to revoke the finding that greenhouse gases endanger human health, which could allow for the invalidation of multiple federal climate regulations. Read More
Will European Refinery Run Rises Boost Diesel Yields and Support Margins?
The International Energy Agency’s July Oil Market Report says that European refinery throughput in July 2025 is projected to be 11.3 million barrels/day, up from 11 million b/d in June and 10.9 million b/d in May. The IEA added “the current strong margin environment and rising crude supplies increase the chances that runs will surprise to the upside in the coming months.” Read More
OPEC+ Production August Increase Covered by Current Production
On July 5, the eight members of OPEC+—the grouping of the Organization of the Petroleum Exporting Countries (OPEC) and ten other oil exporters—that agreed last December to an additional voluntary cut of 2.2 million barrels/day over a two-year period, announced the final stage of the unwinding of these cuts one year ahead of schedule by agreeing to a production increase of 548,000 b/d effective Aug 1. Read More
Insolvent UK Lindsey Refinery Continues to Operate but Closure Looms
The U.K. government confirmed that it is funding operations at the 113,000 b/d Lindsey refinery for the time being while it assesses options for the future of the site after owners Prax Group filed for insolvency. Read More
European Diesel Margins Soar After Imports Dropped in June
The European diesel market is flashing warning lights after supplies from the Middle East plunged to multi-month lows in June. Read More
Freight Rates for Transatlantic Voyages Soar as Europe Pulls More US Diesel
Freight rates for MR tankers hauling U.S. diesel to Europe have tripled in two weeks amid supply concerns due to the escalating Iran-Israel conflict. Read More