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11.11.26 - 14:42
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Diesel still costing close to a ′dismal′ £2 a litre despite oil price falls (The Guardian)
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Pump prices stay stubbornly high as leading bank official warns energy costs are likely to remain 'elevated'Business live – latest updatesThe price of diesel on UK forecourts remains stubbornly close to October's record high of £2 despite a sharp fall in oil prices.A litre costs an average of 197p, according to the AA, which described the situation as “dismal”. By contrast, petrol has fallen 6p to 168p from the peak of 174.7p in early October. That was the highest level since August 2022. Continue reading......
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10.11.26 - 14:12
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US Gas Dips Below $4, Gas & Diesel Crack Spreads Tumble Ahead Of Thanksgiving (ZeroHedge)
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US Gas Dips Below $4, Gas & Diesel Crack Spreads Tumble Ahead Of Thanksgiving
Brent traded around $91 a barrel and WTI around $85 a barrel as traders continued to assess efforts to de-escalate the Iran war and restore Middle East energy flows. The good news is that US gasoline prices have dipped below the politically sensitive $4-a-gallon level, just weeks before one of the year's busiest travel periods: Thanksgiving.Let's begin with overnight diplomatic signaling. President Trump said Monday that further strikes would be unnecessary, though US forces remain "locked and loaded," adding, "Iran, militarily, is effectively over. We're just keeping it at the status quo, and we're doing that really at the behest of countries that are their neighbors."Trump's comments came shortly after his conversation with Qatar's Prime Minister and Minister of Foreign Affairs Sheik Mohammed bin Abdulrahman bin Jassim Al-Thani.Eurasia Group analysts Gregory Brew and Clayton Allen told clients on Monday t...
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10.11.26 - 06:01
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Russia-US diesel deal delivers results? Lavrov claims prices have already fallen (Times of India)
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Russian foreign minister Sergei Lavrov stated that an agreement allows Russia to resume diesel exports to the US. The arrangement aims to stabilize energy markets and improve energy security amid rising fuel prices. Ukrainian attacks on Russian energy infrastructure continue, impacting fuel shortages in several regions of Russia. Despite concerns over regulatory issues, the US Treasury Department confirmed compliance with legal standards for the deal....
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