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20.09.26 - 22:12
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Grassley Urges Diesel Export Ban As Global Fuel Crisis Stokes Resource Nationalism Fears (ZeroHedge)
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Grassley Urges Diesel Export Ban As Global Fuel Crisis Stokes Resource Nationalism Fears
"With diesel at $6.57 in Iowa, why doesn't Pres. Trump put an embargo on diesel exports like presidents in the 70s put embargoes on ag products bc food prices were inflated," Iowa Sen. Chuck Grassley wrote on X late Saturday night.
Grassley warned, "High diesel prices ARE KILLING FARMERS' INCOME."
W diesel $6.57 in Iowa why doesn't Pres Trump put an embargo on diesel exports like presidents in the 70s put embargoes on ag products bc food prices were inflated. High diesel prices ARE KILLING FARMERS INCOME #cornwatch #soybeanwatch
— Chuck Grassley (@ChuckGrassley) September 20, 2026
Grassley is not wrong about the global refining crisis that is squeezing farmers and anyone else who uses the industrial fuel that powers the economy, from truck drivers and freight operators to businesses across virtually every industry.
The risk now is that an economic shock could materialize if fuel ...
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20.09.26 - 15:09
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Ukraine Pounds Major Moscow Refinery As Global Diesel Crisis Threatens Economic Shock (ZeroHedge)
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Ukraine Pounds Major Moscow Refinery As Global Diesel Crisis Threatens Economic Shock
Military conflicts, economic wars, and resource wars are converging ahead of the Northern Hemisphere winter.
Export restrictions on critical materials and energy products are adding economic pressure worldwide, raising the risk that supply disruptions and retaliatory measures widen existing conflicts. With no clear path to de-escalation, the potential for spillover from active war zones remains top of mind.
The most pressing news so far this morning is that Ukraine launched a major overnight drone strike on Russia, hitting a Moscow refinery despite President Trump's request for Ukraine to stop striking Russian energy infrastructure as a global refining crisis deepens.
Bloomberg reports that the Gazprom Neft-owned Moscow Oil Refinery, about 16 miles from the Kremlin, was struck by drones. The facility has a processing capacity of around 245,000 barrels a day and supplies fuel to the surrounding metro area.
Uk...
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20.09.26 - 08:39
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Hohe Kraftstoffpreise: Ungarn zahlt Geld an Diesel-Fahrer (DPA-AFX)
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BUDAPEST (dpa-AFX) - Ungarns Regierung hilft einem Teil der Autofahrer bei der Bewältigung der stark gestiegenen Kraftstoffpreise. Die Halter von Diesel-Fahrzeugen mit weniger als 110 Kilowatt (150 PS) erhalten von September bis Dezember monatlich 5.000 ......
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19.09.26 - 15:48
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Diesel Prices Keep Pressure on Fed and Markets (Bloomberg)
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The Federal Reserve unanimously raised its benchmark rate by a quarter point as policymakers confront inflation that remains above target and uncertainty tied to geopolitical developments. Merrill and Bank of America Head of CIO Market Strategy Joe Quinlan tells Bloomberg This Weekend hosts David Gura and Christina Ruffini that elevated diesel prices are a particular concern for businesses and could keep pressure on the Fed to raise rates further. (Source: Bloomberg)...
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19.09.26 - 07:54
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Bundesregierung plant Tankrabatt und Preisdeckel (Die Welt)
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Die Bundesregierung senkt die Energiesteuer für Sprit um 17 Cent pro Liter und plant ab Januar einen Spritpreisdeckel. Das Entlastungsvolumen liegt bei 2,5 Milliarden Euro. Ökonomen und Verbraucherschützer kritisieren die Maßnahmen als „Gießkannenpolitik“....
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18.09.26 - 13:24
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The Great Diesel Crisis - How Policy Choices Made The West Vulnerable (ZeroHedge)
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The Great Diesel Crisis - How Policy Choices Made The West Vulnerable
Authored by Daniel Lacalle,
How taxes, regulation, refinery closures, sanctions and declining domestic production turned a geopolitical shock into a diesel-price crisis
Do not blame diesel prices on the Iran war or the disruption of the Strait of Hormuz. The geopolitical risk premium attached to oil prices is relevant, but the market was already weakened by policy choices.
Europe has taxed motor fuels heavily, imposed escalating regulatory and carbon costs across the supply chain, closed refining capacity, sanctioned major sources of refined-product supply, and discouraged investment in domestic oil and gas production. Today's refined product system is smaller, less flexible and more import-dependent, and, as such, every geopolitical disruption produces a larger price shock.
Diesel prices rise faster than crude because diesel suffers its own supply constraints, and these are politically imposed, not due to a war.
In the Uni...
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18.09.26 - 13:24
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Midwest Braces For Diesel Crisis After Exxon′s Joliet Refinery Suffers Disruption (ZeroHedge)
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Midwest Braces For Diesel Crisis After Exxon's Joliet Refinery Suffers Disruption
A major refinery in the US Midwest went offline this week after a power outage, adding to global refining disruptions as US diesel prices reach record highs.
One of the largest diesel refineries in the Midwest is offline pic.twitter.com/JSwuHrNfBw
— zerohedge (@zerohedge) September 18, 2026
Exxon Mobil shut its 275,000-barrel-a-day Joliet refinery in Illinois on Sunday after a power failure triggered the facility's safety flare, Reuters reported. A Thursday filing also disclosed that floodwater had overwhelmed a pump at the plant.
Exxon traced the power outage to ComEd's primary and secondary lines supplying the refinery and said it had fully restored electricity by Thursday. Power restoration, however, does not mean fuel production has resumed.
Located about 40 miles southwest of Chicago, Joliet can produce about 11 million gallons of gasoline and diesel daily, primarily for Midwest consumers. Its processin...
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