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21.09.26 - 17:01
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US Diesel Tops Record as Global Crunch Feeds Inflation (Bloomberg)
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US retail diesel prices topped $6.50 a gallon for the first time, extending a war-driven rally that's rippling through the largest economy.
Most US drivers don't pump diesel into their cars. But the fuel — which goes into trucks, agricultural equipment, power generators, boats, trains, and home-heating systems — touches nearly every part of the economy.
James Egelhof, Chief US Economist at BNP Paribas, discusses US economic outlook and how fuel prices are impacting the economy. (Source: Bloomberg)...
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21.09.26 - 16:24
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Trump Pushes Zelensky To Halt Russia Refinery Attacks Amid High Diesel (ZeroHedge)
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Trump Pushes Zelensky To Halt Russia Refinery Attacks Amid High Diesel
President Trump continues to seek to pressure Ukraine's Zelensky to halt long-range drone strikes on Russia's refineries, in a bid to calm rising diesel prices especially while the parallel Strait of Hormuz crisis persists.
Financial Times reports Monday that the US president just held a fresh phone call with his Ukrainian counterpart over the matter, where Zelensky was pressed over the strikes as Washington wants "Russian supplies to be able to reach the global market to provide relief" - also as cited in Bloomberg. News of the call broke just before Trump issued the following Truth Social statement early Monday:
The Truth Social words seem geared toward deflecting criticism that he's curtailing Ukraine's ability to fight and inflict pain on Russia. Trump says the Kremlin has "lost control of its Diesel Oil Industry" as a result of the war with Ukraine.
The president had starting on Sept.13 called...
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21.09.26 - 14:12
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How a US Diesel Export Ban Can Impact Prices, Oil Market (Bloomberg)
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Bob McNally, founder and president at Rapidan Energy Group, explains the potential global market impact if the United States was to ban the export of diesel. McNally says the move by the US “would shatter its reputation as a safe place to invest for a generation.” He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)...
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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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