Under U.S. Pressure, G7 Releases Diesel Reserves to Stem Energy Crisis

The price of diesel fell slightly today after reaching record highs, following a decision by the G7 to tap into their Strategic Petroleum Reserves and diesel stocks to ease supply pressures.  This G7 decision was spurred by President Trump's threat to ban U.S. diesel exports due to domestic shor…

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The Great Diesel Squeeze: transatlantic rift deepens as fuel prices surge and diesel stocks plummet!

Although crude oil prices have eased this week from their peak of over $100 per barrel, global diesel markets are currently experiencing a severe squeeze. Retail diesel prices have surged past £2.00 per litre in the United Kingdom and $6.50 per gallon in the United States. The steep rise in diesel c…

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