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

FinCEN Expands AI Fraud Loophole in the USA by Eliminating Controls

Russia Circumvents Sanctions with $7 Billion Through Western Banks

TraderTraitor Hackers Launch Phishing Attacks Using Malicious Terraform Projects

California Woman Sentenced to 18 Months in Prison for Concealing $2.6 Million in Crypto Crime Proceeds

FTX and AI Apocalypse: The End of Calm Times for Anthropic
![[Digital Bill of Rights③] Money Written by AI, "Make it Usable in Real Life"](/public-static/052_26710392f0.png?format=avif)
[Digital Bill of Rights③] Money Written by AI, "Make it Usable in Real Life"
![[Digital Bill of Rights②] The Success of Digital Dollar Comes from Competition](/public-static/078_4d1ce66fab.png?format=avif)
[Digital Bill of Rights②] The Success of Digital Dollar Comes from Competition

The NFT party is over and everybody now owes storage rent

Costa Rica warns about crypto assets in political financing and strengthens its controls

Saylor: The era of intelligence and digital assets needs a bill of rights

Washington has $114 billion reasons to want Tether around

How Crypto Stopped Waiting for Congress and Learned to Love the Regulators

Balancer fork’s 6 million BAL ask could cut holders’ redemption value

Strategy Plans to Distribute Bitcoin Treasury Dividends Daily

Sharplink CEO: The Future of the Smart Economy

Fed stablecoin proposal would make circulation a capital cost for supervised issuers

Shielded Bitcoin: the proposal that aims to bring privacy without changing BTC's code

End of Bets in Brazil: What Changes and What Are the Next Steps

Galaxy Research: CFTC's 'Mention Markets' Guidance Highlights Structural Manipulation Risks in Individual Speech Predictions

What is CBDC? Governments Push for Development of Central Bank Digital Currencies

Why cash hoarding in the UK proves the world still craves permissionless money

OG.com Submits Application for US Stock Perpetual Contracts to CFTC Following Coinbase, Kalshi, and Kraken's Parent Company Payward

Crypto: $2.1 trillion evaporated, on-chain economy only loses 1.6%

Trump Rejects Iran Ceasefire, Expects Bombing After Midterms: Will Oil and Bitcoin Hold?

Solana’s Alpenglow upgrade reaches devnet with 150ms finality target

Bull Signal for Bitcoin: In 4 out of 5 Past Instances, Prices Increased

Statement on the Misreporting of the Fomo App by BlockBeats

Ripple’s RLUSD supply nears $2.5B as XRPL stablecoins climb 6%

唐华斑竹 Calls for Resumption of DOG Spot Trading













