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2 mins read
Truckers warn skyrocketing diesel prices are making US supply-chain and trucking industry unsustainable
Insider spoke with five truckers who warned the industry could be at a breaking point as record gas…
Grace Kay
4 mins read
America is facing a dramatic diesel shortage that could get even worse
A top oil analyst broke down the worsening fuel shortage in the US and how markets could respond in…
Phil Rosen
2 mins read
String of fuel thefts continue as Florida thieves steal 1,093 gallons of diesel by pumping it into hidden tanks in their truck beds
Experts have warned skyrocketing prices may cause a rise in fuel-theft rings. Over the past year, d…
Grace Kay
2 mins read
Oil could surge above $100 in the event of a cold winter - and spark inflation that drives the next macro crisis, BofA says
And tightness in the global natural gas market could put more upward pressure on crude as high natg…
Isabelle Lee
1 min read
President Biden visiting Saudi Arabia wouldn't be a long-term solution to the energy crisis because the US faces structural shortages, says Goldman Sachs head of energy research
"Bringing extra barrels today, sure, it helps in the short run, but it's not sustainable...it comes…
Phil Rosen
1 min read
After water crisis, Shimla now facing shortage in fuel supply
Triggered by high demand amidst tourist season, and the reduced supply by the oil companies, Himach…
2 mins read
Bankrupt Sri Lanka, which has said it has less than a day of fuel left, is looking to buy cheap Russian oil
On Sunday, Sri Lankan energy minister Kanchana Wijesekera said there was less than a day's worth of…
Huileng Tan
1 min read
Americans are reportedly paying the biggest-ever premium for diesel at the pump after its price rose 50%
The ongoing war in Ukraine has triggered supply shocks, driving average diesel prices up to $5.35 a…
George Glover
2 mins read
Here's how waiving a century-old law can help fix America's diesel crisis
"In a rather bizarre turn of events, the US Gulf Coast ships diesel to all manner of countries, but…
Phil Rosen
3 mins read
If you think gas prices are bad, diesel is in its worst crisis since the 1970s and has even raised fears of localized rationing
"The markets are telling us there's a shortage. This is a tailwind for inflation. We're demanding m…
Phil Rosen
1 min read
Russian diesel exports dip as Ukraine war ramps up pressure across the globe on the key industrial fuel
Diesel prices in the US hit a fresh record high of $5.56 per gallon on Friday, up 76.5% from a year…
Phil Rosen
3 mins read
Indian government has cut duties on petrol and diesel and other BJP-ruled states follow suit
Read more for fall in price of petrol and diesel prices in different states.
2 mins read
Ukrainian truckers, short of fuel, are filling up with gas in Poland so it can be siphoned and shared with other trucks when they return home, report says
Fuel is more expensive and scarce in Ukraine since Russia invaded. Some truckers are improvising to…
Grace Dean
2 mins read
Chip shortage hits new brands in tough Indian laptop market
According to industry experts, the issue with smartphone makers entering the laptop category i…
5 mins read
Here’s why India’s coal shortage may not immediately push up electricity bills but household expenses will still rise
So far, the increasing prices of coal did not really hit consumers because most of it was bein…
2 mins read
IEA chief warns of summer fuel shortages and a triple energy crisis that will outstrip the oil shocks of the 1970s
"We have an oil crisis, a gas crisis and an electricity crisis simultaneously," the International E…
George Glover
2 mins read
Oil prices could trade above $120 next year - but extremely low diesel inventories pose an even bigger concern, top energy analyst says
On October 14, the EIA announced the US only had 25 days left of reserve diesel supply as inventori…
Phil Rosen
3 mins read
The White House is weighing sending Americans gas rebate cards, an idea they previously nixed because of chip shortages, report says
Gas rebate cards would also require congressional approval and there'd be no way to guarantee they'…
Grace Panetta
2 mins read
The scheduling system for the US' largest oil pipeline went down just days after re-opening
Colonial Pipeline's nomination system was shut on Tuesday, leaving shippers unable to plan fuel shi…
Reuters,Grace Kay
2 mins read
Florida and Virginia governors declare state of emergency over growing gas shortage
Florida's gasoline supply is mostly unaffected by the hack, but an uptick in panic buying has led t…