"It's Pretty Tight": Vitol Chief Warns Of Global Fuel Squeeze As Refineries Max Out, Leaving Little Room For More Chaos

"It's Pretty Tight": Vitol Chief Warns Of Global Fuel Squeeze As Refineries Max Out, Leaving Little Room For More Chaos Geopolitical risks in the Gulf pushed Brent crude futures toward $100 a barrel overnight as Yemen's Iranian-backed Houthi rebels launched new attacks on Saudi cities and economic infrastructure. At 7:45 a.m. ET, the US diesel crack spread remained above $101 a barrel as severe tightness across the world's refined-product markets continued, with a late-summer squeeze threatening to extend into fall and winter (twin crisis for Europe).  Notably, the global industrial economy...