Goldman Sachs Warns of Diesel Fuel Shortage in Global Market
Investment bank Goldman Sachs forecasts a worsening situation in the diesel fuel market due to conflicts in the Middle East and Russia's war against Ukraine, which have paralyzed refining operations. Increased attacks on oil refineries have limited global capacity, driving the margin for petroleum products to record levels. Disruptions at refineries exceed seasonal norms by 60%. The profit from producing a barrel of diesel fuel next year is expected to average $63 in the U.S. and $49 in the EU. The rise in petroleum product prices is outpacing the increase in crude oil prices, exacerbated by Russia's ban on diesel exports until September, rising demand in Brazil, and the approaching heating season in the Northern Hemisphere. Crude oil exports from the Persian Gulf have resumed to 70-80% of pre-war levels, but finished product supplies remain at 40%. Shell Plc CEO Wael Sawan highlighted the threat of attacks on Russian refineries and risks to shipping. To restore refining volumes, a reduction in geopolitical tensions is necessary. Russia has extended its ban on diesel exports until September 30 amid attacks on refineries.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Rockchip Stock Price Hits Limit Up Due to Microduck Sales Surge

Solana Crypto Partnership Achieves Record 169.9 Million Transactions

Cyberattacks: Artificial Intelligence (AI) Could Destabilize Global Finance!

Surge in IPOs in China: AI and Robotics Companies Lead Debuts in Shanghai and Hong Kong

HKDAP could take HKD beyond payments into on-chain finance, HashKey researcher says

NASA and SpaceX Delay Crew-13 Due to Leak in Dragon Spacecraft

Coinhouse Acquires Tilvest and Strengthens Its Position in Crypto Management

Strive buys $143M in Bitcoin, becomes fifth-largest holder

"Technology Takes a Backseat": How Stablecoins Transition from Savings to Everyday Payments

Fogo Mainnet Has Been Stopped For 46 Hours With No Restart Timeline

Circle Issued 5 Billion USDC in a Week: Crypto Market Awaits Altseason Again

Hacking: Belgium demands crypto addresses from illegal sites

Banks Improved Their Profitability, But Concerns Over Delinquency Persist: Key Insights from Recent Financial Statements

CME Targets ETFs: The First FCA-Regulated Multi-Asset Crypto Indices Are Born

Why the SEC’s $75 million crypto path is not the same deal Congress is offering

Crypto Funds: $3.2 Billion in One Week, Bank of America Hasn't Seen This Since October 2025

What Is Worth Preserving: Rupture On Remains, Decay, And The Collector's Dilemma

Fundamental Analysis of Cryptocurrencies: How to Evaluate Digital Assets Before Buying

AI Forces Diversification of Bitcoin Custody

Switchboard Halts Oracle Operations On SUI And Aptos After Potential Compromise

Central Bank Bans Advertising of Unlicensed Cryptocurrency and Payment Businesses

OKI vs IKE vs IKZE: What to Choose in 2026? Taxes, Limits, and Calculations for 2027

Charles Schwab Expands Crypto Platform Beyond Bitcoin And Ethereum

Natura Changes CEO: Carlucci Returns After a Decade

Focus: Inflation Eases, But Declining GDP Raises Concerns

Predictions of Market Regulation Spark a Political Battle

Warren Buffett Turns 96: The Investments That Made Him a Wall Street Legend

After MiniMax's Stock Price Rebounds 92%: What Remains When a Model Company Removes the Model

FBI and Australian police charge two in TeamPCP probe






