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Goldman Warns Nightmare Refining Crisis Could Prolong Diesel, Gas Price Pain Through 2027
Goldman Warns Nightmare Refining Crisis Could Prolong Diesel, Gas Price Pain Through 2027
Goldman energy analyst Nikhil Bhandari warned in a note on Monday that the global refining system is too stretched to support a full recovery in fuel demand while inventories rebuild. This suggests that fuel prices will remain elevated into next year.
Bhandari told clients that refining margins must remain elevated to restrain consumption and limit restocking, keeping demand within the industry's ability to supply diesel, gasoline and jet fuel.
On an ex-China basis, Bhandari expects 300,000 barrels a day of refining...
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Jul 5, 2026 / Tyler Durden
Tracking The Caribbean Super Yacht Migration
Tracking The Caribbean Super Yacht Migration
The superyacht season across the Caribbean and the Gulf of America has shifted into the off-season, with hurricane season now roughly a month in. As tropical activity risks rise across the Atlantic basin, some owners and charter fleets have shifted pleasure yachts and sailboats toward the Mediterranean, where the summer season is now in full swing.
Ship-tracking and maritime intelligence platform MarineTraffic tracked the great migration of superyachts, including 2,156 departures of pleasure craft and sailing vessels from top Caribbean hubs between March and...
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Apr 6, 2026 / Tyler Durden
US Oil Premiums Hit Record High As World Scrambles For Crude
US Oil Premiums Hit Record High As World Scrambles For Crude
By Charles Kennedy of Oilprice.com
The premiums for U.S. West Texas Intermediate crude have soared in the spot market to a record high of between $30 and $40 per barrel above key regional benchmarks as Asia and Europe scramble for supply amid the de facto closure of the Strait of Hormuz.
WTI Midland is being offered for July delivery in north Asia at premiums of between $30 and $40 per barrel, depending on the benchmark against which they are marked, trading...
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Aug 20, 2026 / Tyler Durden
Mass Casualties In Large Russian Assault On Ukraine's Capital, Air Defenses Dwindle
Mass Casualties In Large Russian Assault On Ukraine's Capital, Air Defenses Dwindle
Ukraine started the week with near record-setting drone attacks on Moscow, with over 600 UAVs sent against the Russian capital Monday night into Tuesday.
The expected major Russian retaliation has come overnight, with a huge missile and drone barrage on the Ukrainian capital. Many dozens were sent, killing over 16 people and injuring more than 40, local authorities report.
Ukrainian media
The casualty rate was high despite that Ukraine says it managed to intercept nearly 90% of inbound projectiles, which it...
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