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Diesel Prices Surge Amid Global Shortage

Diesel prices have surged above $140 in the U.S. as global oil refiners struggle to produce enough diesel to meet global demand. In Europe, diesel has surged by 60% over the course of the summer, and Saudi Arabia and Russia's decision to extend their...

Diesel Scarcity Looms Amid Expected Oil Shortage

Diesel is expected to remain in short supply as the northern hemisphere approaches the winter months, thereby raising its demand for heating. This comes as crude oil, the resource from which diesel is produced remains in short supply and relatively steeply priced. While the...