‘From liabilities to goldmines’: refineries eye record profits from diesel shortage
by Jillian Ambrose Energy correspondent from US news | The Guardian on (#791SQ)
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 temper the sky high pump prices triggered by the shutdown of war-damaged refineries in the Middle East and Russia - once the world's second-largest diesel exporter behind the US.
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