Friday, 6 November 2026

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‘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 pricesBusiness live – latest updatesDays 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…

Firms turning crude oil into the ‘workhorse’ fuel stand to gain most despite economic fallout from record pricesBusiness live – latest updatesDays 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…

Read the full story on Business | The Guardian

Source: Business | The Guardian

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