Russia’s offer of more than 300,000 tonnes of diesel has drawn attention because it promises extra supply at a moment of tight fuel markets and elevated prices. U.S. President Donald Trump announced the immediate release after a call with Russian...
Oil shocks are often measured by the price of a barrel of crude. The wider economic effect can be easier to see at the diesel pump. Diesel powers trucks, rail freight, farm equipment and parts of the industrial economy. When...
The global diesel market is no longer moving along its familiar lines. For years, African importers relied heavily on nearby Middle Eastern refineries, benefiting from relatively short voyages and the region’s large export-oriented plants. Conflict, refinery outages and growing security...
