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"Absolutely Unprecedented": Diesel Crack Spread Hits Record As Refined-Products Crisis Arrives

"Absolutely Unprecedented": Diesel Crack Spread Hits Record As Refined-Products Crisis Arrives Brent and WTI futures remain below $100 a barrel on Tuesday morning, partly suppressed by governments releasing strategic oil reserves into global markets. But the more serious issue is building downstream, where the Russia-Ukraine war, strikes against energy infrastructure, and continued disruptions around the Strait of Hormuz are fueling the refined-products "perfect storm" we have repeatedly warned about. Oil extended gains this morning, with Brent trading around $91 a barrel after another vessel attack was reported near the Hormuz...
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Jun 15, 2026 / Tyler Durden
G7 Protesters Smash Windows, Set Tesla On Fire In Geneva
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Jun 2, 2026 /
Trump Claims Iran and US Officials Continue Negotiations
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Oct 15, 2026 / Tyler Durden
NOAA Winter Outlook: Record El Niño Points To Wetter South, Warmer North
NOAA Winter Outlook: Record El Niño Points To Wetter South, Warmer North El Niño is a warm patch of water in the equatorial Pacific that shows up every few years and confuses everyone as to what it's actually going to do. When the eastern Pacific runs hot, the jet stream drops south and drags the storm track with it. That is why a water temperature reading off South America decides whether California floods and the Gulf gets hammered. NOAA's winter outlook, released this morning, favors a wetter than average December through...
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