‘From liabilities to goldmines’: refineries eye record profits from diesel shortage
Firms turning crude oil into the ‘workhorse’ fuel stand to gain most despite economic fallout from record prices Days after Donald Trump announced a deal to import Russian diesel into the US in an effort to lower soaring pump prices, the world’s energy watchdog has warned that the global fuel shortage will drag into 2027. Trump’s temporary sanctions reprieve was criticised for offering “too little, too late” to…
Story summary
Firms turning crude oil into the ‘workhorse’ fuel stand to gain most despite economic fallout from record prices Days after Donald Trump announced a deal to import Russian diesel into the US in an effort to lower soaring pump prices, the world’s energy watchdog has warned that the global fuel shortage will drag into 2027. Trump’s temporary sanctions reprieve was criticised for offering “too little, too late” to…
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