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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 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…

Sources (1)· Oct 14, 12:26 PM

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Trump says U.S. to import Russian diesel, reversing pressure on MoscowWASHINGTON – President Donald Trump said the United States will begin importing significant amounts of diesel fuel from Russia after an agreement reached with President Vladimir Putin, an extraordinary reversal of U.S. policy that lifts sanctions on Moscow in a bid to lower fuel prices before the midterms. The move, announced less than one month before…