refining

Goldman says diesel prices to stay high through 2027

Goldman Sachs The Goldman Sachs Group, Inc. expects diesel prices to stay high through 2027 because refineries are struggling to keep up with demand. Speaking at a conference in London, top oil executives said rebuilding the world's depleted fuel stockpiles…

Global diesel hits record highs as IEA warns of further rises

Diesel prices in Europe and the United States have surged to all-time highs as wars in Iran and Ukraine severely disrupt exports from major producers, leaving refineries worldwide stretched to capacity and few options to prevent further price increases.

Shell, Exxon, Chevron warn fuel prices to stay high as refining capacity shrinks

The world's largest oil companies are sounding alarms over dwindling fuel inventories, warning that pump prices will remain elevated regardless of where crude futures trade. Shell, ExxonMobil Exxon Mobil Corporation, and Chevron have each indicated in recent days that the…

Aramco warns global refineries have no buffer left against fuel price shocks

The world's largest oil companies are warning that global fuel inventories have fallen to dangerous levels, with refineries outside conflict zones operating at or above maximum capacity and virtually no buffer left to absorb further supply shocks.

Discounts on Russian crude evaporate as Middle East crisis tightens global oil supply

The resumption of attacks and shipping blockades in the Strait of Hormuz has again throttled oil shipments from the Middle East, sending Indian and Chinese refiners into an aggressive pivot toward Russian crude and other alternatives for September deliveries.

Refining margins hit record highs as Iran, Russia disrupt global fuel supplies

Refining margins for gasoline and diesel have soared to multi-year highs in July 2026, driven by Middle East hostilities and disruptions to Russian exports, lifting refiner stocks across the globe and prompting analysts to declare a new era of profitability…

Fuel prices surge despite falling crude as refining crunch hits record levels

Gasoline, diesel, and jet fuel prices are climbing sharply in the United States and globally even as crude oil benchmarks retreat, a divergence driven by record refining margins, depleted fuel inventories, and a cascade of refinery disruptions stretching from Michigan…