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05.10.26 - 10:30
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Trump′s Diesel Threat Worked: G7 Dumps 100 Million Barrels As Europe′s Energy Dependence Laid Bare (ZeroHedge)
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Trump's Diesel Threat Worked: G7 Dumps 100 Million Barrels As Europe's Energy Dependence Laid Bare
Submitted by Thomas Kolbe
In the end, Donald Trump's threat to prohibit diesel exports apparently proved credible after all.
Faced with rapidly rising prices at the pump and an emerging acute shortage of middle distillates, from diesel and heating oil to aviation kerosene, the G7 heads of government decided on Friday, under pressure from the US president, to release their own oil reserves.
For the EU, the perfect storm is brewing: a rising dollar price, the visible control of the Strait of Hormuz by the US military, as well as rising interest rates in the bond markets amid the threat of a sovereign debt crisis, have made the pressure particularly tangible for the EU states: further rising energy prices will hit the fragile eurozone industrial economy considerably harder than the essentially energy-autonomous United States.
The problems of the EU Europeans are homegrown and not the result of Am...
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05.10.26 - 10:30
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Coach services could be cut due to record diesel prices, operators warn (The Guardian)
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Rising fuel costs are pushing hundreds of firms out of business, threatening school transport, firms sayBusiness live – latest updatesCoach operators have said record diesel prices could force cuts to services including school transport, as hauliers warn rising fuel costs are pushing hundreds of firms out of business.The average price of diesel on UK forecourts hit a fresh record of more than £2 a litre last week, as the war in the Middle East continues to disrupt global fuel supplies. Continue reading......
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05.10.26 - 08:24
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Soaring diesel prices take their toll on US farmers in midwest corn belt (The Guardian)
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Fuel costs are biting for crop growers, trucking firms and a host of other industries as Iran war stokes record pricesJoe Hamilton farms corn and soybeans on 2,500 acres in Indiana's Delaware county. Next week, when his soybean harvest kicks off, four tractors, two combine harvesters and five semi-trucks will roar to life.And with that, a record bill for about 9,000 gallons of diesel awaits him. Continue reading......
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05.10.26 - 08:12
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Öl- und Dieselkrise: G7 greifen ein, wie geht es jetzt weiter? (Der Aktionaer)
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Am Ölmarkt wuchs zuletzt erneut die Sorge vor Lieferengpässen. Doch auf der anderen Seite steuern nun die G7 mit der Freigabe von Reserven dagegen. Denn besonders knapp war zuletzt Diesel. Der Iran-Krieg und Störungen wichtiger Lieferwege hatten das Angebot an Treibstoffen aus Raffinerien verknappt... --- Zuvor hatte Washington die Europäer gedrängt, ihre Vorräte anzuzapfen. US-Präsident Donald Trump stellte zudem ein mögliches Verbot von Diesel-Exporten aus den USA in den Raum. Die G7 sagten daraufhin zu, keine Exportbeschränkungen einzuführen. Nach der Ankündigung gaben die Ölpreise nach..
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03.10.26 - 05:54
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G7′s 100-million-barrel diesel fix: What happens after the emergency release (Times of India)
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The G7 announced an urgent release of 100 million barrels of oil and fuel products to counteract the ongoing diesel shortages, starting now and extending over the upcoming four months. Yet, experts warn that this withdrawal from emergency reserves could jeopardize future preparedness. Additionally, with supply routes still facing disruptions from geopolitical issues, the overall impact on fuel pricing and market dynamics remains ambiguous....
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