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No Quick Pump Relief: IEA Warns Diesel Squeeze Will Persist Into 2027
No Quick Pump Relief: IEA Warns Diesel Squeeze Will Persist Into 2027
Goldman energy analyst Nikhil Bhandari warned last month that a deepening refining crisis could prolong diesel and gasoline pain at the pump well into 2027. Now, the International Energy Agency is reinforcing that warning, cautioning that diesel supplies could remain tight into the second half of next year.
"The gasoil market balance will remain tight well into 2027 and is dependent on a recovery of product supply from the Middle East. Failing this, further demand reductions and the heavy...
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Mar 9, 2026 / Dave DeCamp
Iranians Hold Massive Rally in Tehran in Support of Iran’s New Supreme Leader
A massive rally was held in Tehran on Monday in support of Iran’s new supreme leader, Ayatollah Mojtaba Khamenei, the son of Ayatollah Ali Khamenei, who was killed by an Israeli airstrike in the opening attacks of the US-Israeli war against the Islamic Republic. The massive turnout for the younger Khamenei, who also lost his […]
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Apr 5, 2026 / Tyler Durden
OPEC+ Agrees To Boost Output By Another 206,000 Barrels A Day When Strait Of Hormuz Reopens
OPEC+ Agrees To Boost Output By Another 206,000 Barrels A Day When Strait Of Hormuz Reopens
With the world's attention glued to every headline out of Iran, it is understandable why today's OPEC+ meeting was largely ignored, although with roughly 12% of global oil output throttled at the Strait of Hormuz, it's not as if even OPEC+ could do much to offset the supply shock.
Earlier on Sunday, the oil-producing cartel (where Iran is a founding member yet was missing from the Joint Ministerial Monitoring Committee) warned that damage to Middle...
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Oct 9, 2026 / Tyler Durden
Trump Forms Committee To Probe Federal Reserve's Lisa Cook
Trump Forms Committee To Probe Federal Reserve's Lisa Cook
Authored by Zachary Stieber via The Epoch Times,
President Donald Trump on Oct. 9 announced a new committee to investigate whether a Federal Reserve governor made false statements.
Federal Reserve Board of Governors member Lisa Cook listens during an open meeting of the Board of Governors at the Federal Reserve in Washington on June 25, 2025. Mark Schiefelbein /AP PhotoThe committee will probe allegations that Lisa Cook, governor of the Federal Reserve, offered false information in connection with at least one mortgage instrument,...
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