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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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Oct 17, 2026 / Tyler Durden
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Apr 20, 2026 / Tyler Durden
Iraq's Ruling Pro-Iran Bloc Races To Choose PM, While US Rejects Main Candidates
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