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The IEA slashed its 2026 global oil demand outlook by 2.5 million bpd while warning supply will plunge by 5.7 million bpd amid US-Iran tensions. With over 10 million bpd in Gulf output shut in, crude…
Surging diesel and gasoline prices, alongside broad commodity gains, threaten to reignite inflation pressures ahead of upcoming CPI data. Analysts warn elevated energy costs and persistent high inter…
Following a blockbuster August jobs report, markets face crucial CPI and PPI inflation data that could prompt Federal Reserve rate hikes. Meanwhile, escalating conflicts in Iran and Ukraine have driv…
US diesel prices reached record highs of $5.85 per gallon driven by maxed-out refinery capacity, seasonal heating demand, and wartime disruptions in Russia and the Middle East. Critically tight disti…
Surging U.S. and global diesel prices, driven by severe supply shortages and record refining margins, are fueling inflation worries and driving broad energy market gains.
Oil market disruptions linked to Iranian conflict threaten to drive diesel prices above $5 per gallon, sharply raising agricultural costs. Analyst Tom Kloza warns economic pressure on Iran could rest…