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22.08.26 - 23:06
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Axios: 40 Tankers Transited Hormuz Friday Night, But Real Crisis Is Diesel (ZeroHedge)
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Axios: 40 Tankers Transited Hormuz Friday Night, But Real Crisis Is Diesel
Axios political reporter and Middle East correspondent Barak Ravid reported early Saturday that 40 tankers transited the Strait of Hormuz on Friday night, citing three unnamed US officials.
"Around 16 million barrels of oil moved out of the strait through the southern channel on Friday night," Ravid wrote on X.
???️Around 40 tankers transited in and out of the Strait of Hormuz through the southern deep channel on Friday night. Around 16 million barrels of oil moved out of the strait through the southern channel on Friday night, three U.S. officials told me
— Barak Ravid (@BarakRavid) August 22, 2026
The latest Bloomberg vessel-tracking data show that 13 ships transited the critical waterway on Saturday, with seven traveling east to west and six moving west to east. Traffic remains well below the levels recorded during the brief memorandum-of-understanding period from June 15 through mid-July.
On F...
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22.08.26 - 16:21
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Diesel Crack Spread Madness Deepens As Jefferies Finds No Easy Exit From Russia′s Refining Crisis (ZeroHedge)
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Diesel Crack Spread Madness Deepens As Jefferies Finds No Easy Exit From Russia's Refining Crisis
Refined-product markets have emerged as the epicenter of the global energy crisis, with commodity desks across Wall Street, including Goldman, Citi, Bank of America and Jefferies, warning that disruptions in the Strait of Hormuz and Ukraine's ongoing long-range drone attacks on Russian energy infrastructure are converging into a perfect storm for global fuel supplies.
As we close out this week, Monday marked a historic milestone, with Bloomberg's front-month US diesel crack spread (HOCL1 Index) topping $100 per barrel for the first time as the diesel shortage intensified and the spread landed on everyone's radar.
Four days before the HOCL1 Index breached the $100 mark, we cited notable Wall Street commodity desks that warned about the "perfect storm" brewing in refining markets:
Diesel Crack Spread Explodes To Record As Wall Street Warns Of Refined-Products "Perfect Storm"
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21.08.26 - 22:54
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Goldman′s Struyven: Hedge Crude′s Swings with Diesel (Bloomberg)
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Daan Struyven, Goldman Sachs Co-Head of Global Commodities Research, discussed the market reaction to potential new US sanctions on Iran during a live financial news segment. He noted that oil prices experienced only a modest increase following the announcement, largely because the existing blockade on Iranian ports and oil exports is already restricting Iranian oil from reaching the market. He speaks with Romaine Bostick & Sally Bakewell on "The Close." (Source: Bloomberg)...
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19.08.26 - 14:06
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Jeff Currie: Forget $91 Brent, The Real Crisis Is $170 Diesel (ZeroHedge)
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Jeff Currie: Forget $91 Brent, The Real Crisis Is $170 Diesel
Brent at $90.94 looks almost civilized. Jeff Currie thinks that is exactly the problem: everyone is staring at crude while the real energy shock is already showing up in the fuels people actually buy.
As OilPrice reports, "Nobody on the planet earth consumes crude oil,” Currie told CNBC. Refineries do. Everyone else consumes gasoline, diesel and jet fuel, and those markets look considerably uglier.
European diesel was trading around $170 per barrel during the interview, Currie said, almost twice Brent's current $90.94. WTI was trading at $84.94 Tuesday.
Historically, crude and refined-product prices moved closely enough that crude served as a reasonable shorthand for the broader energy market. Currie says that relationship has broken down.
Part of the disconnect came from roughly 100 million to 120 million barrels of crude trapped inside the Strait of Hormuz following a surge in supplies in late June and early July. China th...
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18.08.26 - 16:45
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Warum Tanken teuer bleibt: Raffineriemargen treiben Preise (DZ Bank)
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Die Kraftstoffpreise in Deutschland bleiben auf hohem Niveau. Haupttreiber sind deutlich gestiegene Raffineriemargen, die sich in stark ausgeweiteten „Crack Spreads“ widerspiegeln. Der größte Einflussfaktor für das verknappte Angebot an raffinierten Produkten ist die weitgehend geschlossene Straße von Hormus.. --- Ursachen für den Kapazitätsrückgang sind unter anderem der Ukraine-Krieg und die Schließung zahlreicher Anlagen in Europa in den letzten Jahren..
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18.08.26 - 15:42
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"Sea Of Red": Futures Slide As Market Wakes Up To Soaring Bond Yields And Diesel Prices (ZeroHedge)
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"Sea Of Red": Futures Slide As Market Wakes Up To Soaring Bond Yields And Diesel Prices
US futures are a "sea of red" (as Bloomberg describes it) in early trading as thin summer volumes persist, with the wrong kind of inflation coming to the fore and Monday's tech selloff weighing on sentiment despite bullish AI news. The recent stock-bonds disconnect is finally being reappraised with US futures lower across the board. As of 8:00am ET, S&P 500 futures fell 0.4% with Nasdaq 100 contracts down 1.1% with Semis, Mag7, and Memory all under pressure, while Software is bid. Nvidia dropped 1.8% as the cost of protecting its debt against default closed in on a high reached last month. Defensives and Energy are leading as investors continue to de-gross / de-lever. Tech stocks drove declines across global markets equities as long-dated bond yields pushed further into multidecade highs and oil prices extended their climb, draining traders' appetite for risky assets. Yields...
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18.08.26 - 14:09
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"Absolutely Unprecedented": Diesel Crack Spread Hits Record As Refined-Products Crisis Arrives (ZeroHedge)
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"Absolutely Unprecedented": Diesel Crack Spread Hits Record As Refined-Products Crisis Arrives
Brent and WTI futures remain below $100 a barrel on Tuesday morning, partly suppressed by governments releasing strategic oil reserves into global markets. But the more serious issue is building downstream, where the Russia-Ukraine war, strikes against energy infrastructure, and continued disruptions around the Strait of Hormuz are fueling the refined-products "perfect storm" we have repeatedly warned about.
Oil extended gains this morning, with Brent trading around $91 a barrel after another vessel attack was reported near the Hormuz maritime chokepoint. President Trump also said he had no interest in extending the interim peace agreement with Iran, which expired Monday.
Diesel is now the biggest concern ahead of the Northern Hemisphere harvest. Rising fuel costs threaten to hit farmers, freight operators, and ultimately consumers through higher prices for food and goods. JPMorg...
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14.08.26 - 21:12
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Pricey Diesel to Push Harvest Season Costs Higher, Says Tom Kloza (Bloomberg)
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Tom Kloza, chief oil advisor to Gulf Oil, says that disruption in the global oil market from the Iran war is likely to make this harvest season extremely costly as average diesel prices extends over $5 a gallon. Kloza also discussed the impact economic pressure on Iran and said that that likely means the US won't have 'full and unfettered access' to the global oil markets. (Source: Bloomberg)...
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