Diesel

US inflation

2026-10-14 05:39:32

Economist sees faster U.S. inflation in September as gasoline lifts CPI and diesel adds to producer prices

Bill Adams, chief U.S. economist at Fifth Third Bank, expects the U.S. Consumer Price Index to post another strong increase in September, driven by a rebound in gasoline prices. He said higher fuel costs could also feed into airfares, which are part of core CPI, while most other core components are likely to remain relatively moderate. Adams expects new and used vehicle prices to edge lower as dealers cut prices to clear inventory, with most other durable goods showing little change. Housing inflation may slow again, reflecting the delayed pass-through from milder gains in home prices and rents seen last year and early this year. On the producer side, he said PPI could rise faster than CPI because diesel prices increased more than gasoline in September, and diesel has a larger effect on producer costs. He also expects transportation and warehousing costs to rise sharply, pushing core PPI higher, while healthcare service prices may stay relatively mild because of residual seasonal factors.

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Ukraine

2026-10-13 02:43:36

Ukraine Says It Will Keep Hitting Russian Refineries as Brent Crude Climbs Back Above $106

A senior Ukrainian official told the Financial Times on Oct. 9 that Kyiv would "burn" Russian refineries, brushing aside a diesel supply arrangement that U.S. President Donald Trump said he had reached with Russian President Vladimir Putin. By Oct. 12, oil prices had moved higher instead of lower: Brent crude rose 2% to an intraday high of $106.8 a barrel, diesel futures erased the previous week’s decline, and the U.S. average diesel price reached $6.26 a gallon, nearly 80% above the start of the year. Trump said on Truth Social that Russia would supply more than 300,000 tons of diesel immediately, followed by 500,000 tons in November and 1 million tons later, with another 3 million tons potentially added depending on refinery conditions. But no public bilateral written agreement has been released. The Kremlin confirmed the deal in a Telegram statement, while Russian Deputy Prime Minister Alexander Novak said export restrictions would be lifted. On the same day, the U.S. Treasury’s Office of Foreign Assets Control issued General License No. 135, authorizing transactions tied to the sale, delivery, unloading, and import of Russian diesel through April 7, 2027. Analysts still question whether Russia can deliver. Kpler data cited by the report shows Russian refineries are running at about 60% capacity, while seaborne diesel exports have nearly disappeared.

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Whale Activit

2026-10-10 04:02:34

Hyperliquid whale adds to diesel short versus WTI after U.S. clears Russian diesel trades

The U.S. Treasury’s Office of Foreign Assets Control issued General License No. 135 on Oct. 9 Eastern Time, allowing transactions tied to the sale, delivery and import of Russian-origin diesel through April 7, 2027. Trump also said diesel supply would be increased in phases, covering about 4.8 million tons in total, though Russia has not confirmed specific shipment volumes or a delivery schedule. Against that backdrop, TradingBeats said a whale on Hyperliquid has been running a relative-value trade that is short diesel and long U.S. crude. The combined unrealized profit on the two legs was about $14,700. The diesel HO leg was a 10x isolated short of 252,714 contracts worth about $1.1432 million, opened at $4.5696 per gallon, with roughly $11,600 in unrealized profit and an estimated liquidation price of $5.0275. The WTI crude CL leg was a 20x cross-margin long of 11,400.798 contracts worth about $1.0334 million, opened at $90.368 per barrel, showing about $3,095 in unrealized profit. TradingBeats also said the whale shorted another 232,034 HO contracts today, worth about $1.0586 million, while the long WTI position had already been in place and showed no new trade during the same period. S&P Global data showed the NYMEX front-month ultra-low sulfur diesel crack spread versus WTI fell $6.45 per barrel from earlier in the day to $96.80 per barrel.

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Donald Trump

2026-10-10 01:20:23

Trump says oil flows through Strait of Hormuz have risen above pre-Iran war levels

U.S. President Donald Trump said on Oct. 10 that the United States now has full control of the Strait of Hormuz and that oil volumes moving through the waterway have climbed above levels seen before the outbreak of the Iran war. He credited the U.S. military for that outcome. Trump also said Russia has agreed to supply the United States with large volumes of petroleum products, mainly diesel, describing those supplies as resources the country currently needs. In the same remarks, he called on U.S. refiners and retailers to begin cutting fuel prices immediately, saying the United States has already provided them with ample oil. The comments were reported by BlockBeats in a 7x24 news update.

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Policy Regula

2026-10-08 13:39:35

Josh Young Says Oil’s Rise Could Lead to "Massive" Currency Debasement

Bitcoin Magazine published a summary of a show featuring Josh Young, founder and CEO of Bison Interests, who argued that global oil inventories are being depleted faster than many people realize. Young said that less than 10% of global stockpiles may be usable and that the market has little room left for another supply shock. He also said WTI crude has a fair value near $105 a barrel and argued that even an Iran peace deal may not deliver lasting relief. The program’s chapter outline shows a wide range of topics tied to energy markets and macro policy. These include Saudi Aramco’s warning that rebuilding oil stockpiles could take two years, the time needed to restore damaged Middle East energy infrastructure, traffic through the Strait of Hormuz, wartime propaganda, and the role of refined products. The show also covered diesel at $200 a barrel, the roles of Russia and China in the diesel squeeze, why a US diesel export ban is seen as very unlikely, and Young’s view that small-cap oil producers are undervalued. The later part of the episode turned to the Federal Reserve, rate hikes, Milton Friedman, Kevin Warsh, government inertia, and the prospect of what Young called “massive” currency debasement. Bitcoin Magazine noted that the views in the show were those of the participants, not necessarily those of BTC Inc. or affiliated entities. The post was written by Patrick Green.

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Donald Trump

2026-10-09 15:42:49

Trump says major diesel announcement is coming, reiterates energy prices will fall after Iran war ends

U.S. President Donald Trump said 28 million barrels of oil were moved through the Strait of Hormuz yesterday and added that a major announcement on diesel is coming. He also repeated his view that energy prices will decline after the Iran war ends. The remarks were carried by Odaily. No further details on the planned diesel announcement were disclosed in the source brief. The update centered on two points: the volume of oil shipped through the Strait of Hormuz and Trump’s repeated statement on post-war energy prices. The source did not provide extra context beyond those comments.

540

Trump

2026-10-09 11:11:38

Trump’s tax and reserve steps struggle to curb fuel prices before midterms

With the U.S. midterm elections set for Nov. 3, elevated gasoline and diesel prices have become a major economic problem for the Trump administration. The White House has rolled out a series of administrative measures, including allowing some dyed diesel previously limited to agricultural and construction use to be sold for road transport and delaying related federal excise tax payments. In theory, that could cut costs by as much as $0.60 per gallon, but the report said it does little to increase actual fuel supply. The administration has also pushed releases from the Strategic Petroleum Reserve and is weighing a federal gasoline tax holiday as well as limits on diesel exports. Those options come with constraints. After earlier drawdowns, the U.S. reserve is expected to fall to about 244 million barrels, leaving limited room for further releases. Export restrictions could also fill domestic storage, reduce refinery run rates, and even tighten gasoline supply. Chevron CEO Mike Wirth warned that curbing energy exports would tighten global supply and that the U.S. cannot isolate itself from international energy markets. Argus pricing manager David Ruisard estimated that about 60% of the pressure behind the jump in U.S. diesel prices is tied to shipping disruptions in the Strait of Hormuz, with the remaining 40% linked to the impact of the Russia-Ukraine war on refining supply chains.

730

IEA

2026-10-07 15:42:56

IEA and EU discuss releasing crude and diesel reserves after G7 backs 100 million-barrel move

The International Energy Agency and the European Union are discussing a proposal to release crude oil and diesel stockpiles, according to a ChainCatcher report. The talks involve diplomats and analysts. Separately, the Group of Seven agreed last Friday to release 100 million barrels of oil. The report said wars involving Iran and Ukraine have damaged refineries, lifting diesel prices and adding pressure to inflation and the transport sector. The item did not provide a timeline for any additional release beyond the G7 decision, nor did it name the diplomats or analysts involved in the discussions. No further details were disclosed in the brief.

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