Strait of Hormuz
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A 1.8 Million Barrel Gap: The Oil Shortage Just Turned Structural
The IEA’s August report widened 2026 demand losses to 1.6 million barrels a day and put the third-quarter supply-demand gap at 1.8 million barrels daily…
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Diesel Past a Hundred: The Crack Spread and the World It Moves
The American diesel crack spread has broken $100 a barrel for the first time on record, with diesel stocks at a thirty-year seasonal low. The…