‘Everything Is Going Wrong at the Same Time,’ Oil Analyst Says
Global oil refining faces extreme pressure as fuel shortages collide with Mideast instability and record-breaking crack spreads.
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Global oil refining faces extreme pressure as fuel shortages collide with Mideast instability and record-breaking crack spreads.
Gasoline prices are approaching $4 per gallon and diesel has exceeded $5 during the peak road trip season.
Ukraine's strikes on Russian oil infrastructure are causing domestic fuel shortages and disrupting the global diesel market.
U.S. gas and diesel prices are rising as market speculation mounts regarding the potential for gasoline to cross the $4 per gallon threshold this month.