‘Everything Is Going Wrong at the Same Time,’ Oil Analyst Says
Global fuel markets face extreme volatility as record refining margins coincide with heightened geopolitical instability.
5 trends tracked about this subject — the full history, oldest to newest below.
Global fuel markets face extreme volatility as record refining margins coincide with heightened geopolitical instability.
Russian military operations face logistical hurdles as fuel shortages lead to abandoned hardware following targeted strikes on domestic refineries.
Ukrainian strikes on Russian oil infrastructure have triggered domestic fuel shortages and volatility in the global diesel market.
U.S. fuel costs are rising as diesel tops $5 per gallon and markets anticipate gasoline prices crossing the $4 threshold by the end of July.
Russia has implemented a ban on diesel exports following a series of drone strikes on domestic refineries, leading to localized fuel shortages.