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13.11.26 - 20:27
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"A Deal For The World": Russian Diesel Exports Double Under Trump′s Waiver, And America Gets None Of It (ZeroHedge)
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"A Deal For The World": Russian Diesel Exports Double Under Trump's Waiver, And America Gets None Of It
Five weeks after Trump announced that Putin would "immediately" supply diesel to the "American and Global Marketplace," we can now check the receipts.The global marketplace did fine. The American one got nothing.According to the FT, citing Kpler data, Russia shipped 271,000 barrels a day of diesel in October, double the 135,000 b/d it exported in September. The extra barrels went to Brazil, Turkey and elsewhere. Meanwhile, not a single cargo generated by the sanctions waiver has reached a US port, two US-bound tankers have changed course, and the last one is idling off the East Coast waiting for someone, anyone, to buy it.Regular readers know we have been tracking the diesel crisis since March, and we were skeptical of the Trump-Putin deal from the moment it hit the tape on Oct 9, mostly because of the arithmetic. It turns out the arithmetic was the least of th...
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13.11.26 - 09:36
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Russia′s diesel exports jump 100% after Trump lifts sanctions; US gets no shipments (Times of India)
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In October, Russia significantly increased its diesel exports following an agreement between Trump and Putin aimed at boosting global supplies. However, U.S. markets have not seen any additional shipments due to concerns over sanctions and buyer reluctance. Most of the diesel was redirected to Brazil and Turkey instead. Experts warn that ongoing challenges at Russian refineries and potential renewed assaults may hinder future export levels....
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13.11.26 - 09:18
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OMCs continue to face petrol, diesel losses despite easing crude prices: Jefferies (Times of India)
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Oil marketing companies are currently facing losses on petrol and diesel sales, although these losses have recently decreased. Marketing losses on petrol have fallen to Rs 12 per litre and Rs 27 per litre for diesel. A decline in the Indian crude basket price has contributed to this improvement. Global crude supply conditions have improved significantly, but elevated freight rates still pose challenges....
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12.11.26 - 05:30
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"They Test The Jesus In Me": Pennsylvania Truckers Pushed To Their Limits As Diesel Prices Soar (ZeroHedge)
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"They Test The Jesus In Me": Pennsylvania Truckers Pushed To Their Limits As Diesel Prices Soar
In Pennsylvania, truck drivers are being pushed to their limits as skyrocketing diesel prices eat into their earnings, leaving many frustrated and struggling to keep their businesses running.For Lamar Buckwalter, owner of Buckwalter Trucking LLC, the mounting cost of keeping his trucks on the road is testing both his patience and his wallet.“They test the Jesus in me,” Buckwalter said of fuel prices. “They're just ridiculously expensive.”With diesel averaging about $6.56 a gallon across Pennsylvania, according to AAA, truckers are finding themselves forced to make tough financial decisions just to stay afloat, according to CBS 21. Buckwalter says he's become increasingly strategic about where he fills his tank, using mobile apps to compare prices and adjusting his travel plans in hopes of saving a few dollars.“I would be paying $6.57 up in Carlisle. I can go down to Greencastle...
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