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Diesel
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US federal outlook: Home heating oil bills to rise 21% this winter, driven by tight global diesel market
The U.S. Energy Information Administration's (EIA) annual Winter Fuels Outlook, released Tuesday, projects that households using heating oil will spend an average of $2,115 from November through March
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Donald Trump temporarily allowed red diesel to be used on roads tax-free, and Nymex diesel futures fell 2.6% to $4.4295 per gallon.
U.S. President Donald Trump has temporarily allowed tax-deferred red diesel to be used on roads until the end of the year, a move that could eliminate deferred federal excise taxes in the future. As a
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U.S. gasoline prices ease slightly to $4.354 per gallon, but remain $1.23 higher than a year ago; diesel falls 18.3 cents to $6.199 per gallon, yet remains $2.49 above year-ago levels.
U.S. gasoline prices ease slightly to $4.354 per gallon, but remain $1.23 higher than a year ago; diesel falls 18.3 cents to $6.199 per gallon, yet remains $2.49 above year-ago levels.
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Chevron CEO Wirth Warns US Diesel Export Curbs Could Hike Prices, Impact Global Supplies
Chevron Corp. Chief Executive Officer Mike Wirth said on Tuesday that a US ban on diesel exports could result in higher prices in some parts of the country and cause issues for other nations reliant o
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Trump signs Executive Order to lower diesel costs by allowing dyed diesel for highway use and deferring federal excise tax
President Trump signed an Executive Order today to temporarily allow off-road “dyed” diesel for highway use and defer the applicable Federal excise tax, aiming to lower costs for Americans. The order
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Trump plans executive actions to lower diesel costs, including Treasury review of taxes and expanding tax-exempt dyed diesel access
According to Politico, President Trump plans executive actions on Monday aimed at reducing diesel prices. These measures include a Treasury review of certain diesel taxes and expanding access to tax-e
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Donald Trump plans to ask the U.S. Treasury Department to find ways to lower diesel prices, Politico reported.
Donald Trump plans to ask the U.S. Treasury Department to find ways to lower diesel prices, Politico reported.
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Trump: Europe has agreed to immediately release large diesel reserves
Trump: Europe has agreed to immediately release large diesel reserves
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Goldman Sachs estimates U.S. diesel export ban could cut Latin American GDP by 1%
Goldman Sachs estimates a sudden cutoff of U.S. diesel exports could reduce Latin American GDP by around 1%, although inventories and alternative suppliers would soften the impact. In the U.S., diesel
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France has proposed new European, IEA releases diesel and crude oil
France has proposed new European, IEA releases diesel and crude oil
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German Economy Ministry: No new IEA requirements on diesel reserves at this time
German Economy Ministry: No new IEA requirements on diesel reserves at this time
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Europe holds emergency talks on diesel reserves amid supply concerns
European nations are holding emergency talks over releasing strategic fuel reserves after pressure from Washington to boost supply. The U.S. has already approved another 40 million barrels from its St
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EU coordinates potential massive diesel stock release after US request
The European Union is coordinating a joint position on releasing emergency diesel reserves. This move follows a request from the United States for European action to ease fuel prices and avert a poten
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U.S. oil industry warns diesel prices unlikely to normalize within a year.
The U.S. oil industry warns that diesel prices are unlikely to normalize within the next year, following a Dallas Fed survey that found energy executives broadly expect high fuel costs to persist.
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Chile's largest oil refinery will partially halt operations for maintenance, potentially exacerbating the global diesel supply crunch.
Chile's National Oil Company (ENAP) will shut down part of the country's largest refinery for maintenance, a move that could further exacerbate diesel shortages amid persistent tightness in global fue
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White House has urged European Union to draw down diesel emergency inventories in bid to lower global prices, sources say
White House has urged European Union to draw down diesel emergency inventories in bid to lower global prices, sources say
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U.S. gasoline prices fell 1.3 cents to $4.465/gallon, diesel dropped 14.7 cents to $6.382/gallon over past week
U.S. regular gasoline prices fell 1.3 cents over the week to $4.465/gallon, though prices remain $1.347 higher than a year ago. Diesel saw a much larger decline, falling 14.7 cents to $6.382/gallon, b
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The average price of diesel in the UK is expected to reach £2 per liter within days.
The average price of diesel in the UK is expected to reach £2 per liter within days.
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Energy experts warn that a potential US ban on diesel exports could drive up global fuel prices.
Al Jazeera reported that as the Donald Trump administration and Republican lawmakers consider restricting U.S. diesel exports, energy experts and industry groups warn that such a move could drive up d
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White House denies plans for diesel export ban, following rumors that sent US diesel futures plummeting about 5% intraday.
U.S. ultra-low sulfur diesel futures plunged by about 5% intraday following a report from political news website Politico that the Trump administration was developing a 90-day ban on diesel exports. T
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Analysts Warn: Trump's Proposed Ban on US Diesel Exports Could Backfire, Potentially Driving Up Prices
U.S. President Donald Trump said on Tuesday during the United Nations General Assembly that he supports banning U.S. diesel exports to help lower domestic fuel prices. However, analysts believe such a
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Donald Trump says he would support a ban on U.S. diesel exports.
The move comes as conflicts in the Middle East and Ukraine have sent prices for the critical fuel soaring. Donald Trump has previously commented multiple times on diesel supply and pricing issues.
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U.S. retail diesel prices have surpassed $6.50 per gallon for the first time, as the war exacerbates global fuel supply tightness.
U.S. retail diesel prices have surpassed $6.50 per gallon for the first time, extending a war-driven rally that is having ripple effects across the economy.
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U.S. retail diesel prices surged to a record high of $6.45 per gallon, as Congress considers legislation to ban exports.
Global diesel supplies remain tight due to the Russia-Ukraine conflict and the situation in the Middle East. U.S. Representative Tim Burchett introduced a bill this week to ban diesel exports, and Sen
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New Jersey Governor Warns Port Operators Not to Accept Russian Diesel Approved by Trump Administration
New Jersey Governor Mikie Sherrill warned the state's port and terminal operators against receiving Russian diesel shipments previously authorized by the Trump administration, stating that such import
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Russia plans to extend its ban on diesel exports, with certain exceptions, until the end of January, according to IFX.
Russia plans to extend its ban on diesel exports, with certain exceptions, until the end of January, according to IFX.
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ExxonMobil CEO Darren Woods: Diesel is a critical bottleneck, with demand remaining high despite limited production capacity.
ExxonMobil CEO Darren Woods: Diesel is a critical bottleneck, with demand remaining high despite limited production capacity.
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Chevron's Q3 profit surged nearly 200% to $9.9 billion, exceeding expectations, driven by high diesel prices boosting refining margins.
Chevron's third-quarter profit surged by nearly 200% to $9.9 billion, exceeding expectations, driven by high diesel prices that boosted refining margins. Adjusted earnings per share were $5.28, surpas
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Sources say Russia will extend its diesel export ban until the end of the year.
Sources say Russia will extend its diesel export ban until the end of the year.
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U.S. Energy Secretary Wright says China likely to resume diesel exports
U.S. Energy Secretary Wright says China likely to resume diesel exports
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U.S. Energy Secretary discusses potential for more Russian diesel fuel on global market
The U.S. Energy Secretary Chris Wright told CNBC that the Trump administration may allow more Russian diesel fuel onto the global market, framing it as an "incentive" for Moscow to end the war in Ukra
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India's surging diesel exports are expected to alleviate the global supply crunch next year as new refining capacity comes online, providing much-needed fuel to markets from the US to Europe.
India's surging diesel exports are expected to alleviate the global supply crunch next year as new refining capacity comes online, providing much-needed fuel to markets from the US to Europe.
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Russia's Novak stated that the fourth tanker carrying Russian diesel for the Russia-US deal is set to depart on October 28, with three more tankers currently en route.
Russia's Novak stated that the fourth tanker carrying Russian diesel for the Russia-US deal is set to depart on October 28, with three more tankers currently en route.
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The Trump administration announced an $8 billion subsidy for farmers and eased sanctions on Russian diesel to suppress diesel prices.
The Trump administration, in response to soaring U.S. diesel prices, announced $8 billion in funding for farmers to offset diesel costs and eased sanctions on Russian diesel. According to the U.S. Ene
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Ukrainian Drone Attacks Cripple Russian Diesel Exports, Trump Blames Ukraine for Soaring Diesel Prices
Ukraine launched a large-scale drone attack on Russia this week, striking key oil infrastructure and significantly reducing Russian diesel exports, CNBC reported. Tatiana Mitrova, an expert at Columbi
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Russia to send first diesel cargo to US on Thursday, implementing Putin-Trump fuel deal
According to Russian Deputy Prime Minister Alexander Novak, a tanker loaded with Russian diesel will sail for the US on Thursday. This marks the beginning of a fuel supply deal struck by Vladimir Puti
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US Energy Under Secretary Haustveit says diesel prices are higher than anyone wants right now, working with refiners to seek ways to produce more
US Energy Under Secretary Haustveit says diesel prices are higher than anyone wants right now, working with refiners to seek ways to produce more
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IEA seeks to release 20M bbl of diesel as soon as possible
IEA seeks to release 20M bbl of diesel as soon as possible
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Kremlin states Russian diesel has started reaching global markets, expects positive impact but not full stabilization
Kremlin states Russian diesel has started reaching global markets, expects positive impact but not full stabilization
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IEA warns: Global diesel supply crunch may persist until 2027, refining margins hit record $95/barrel
The International Energy Agency (IEA) has warned that global diesel supply tightness could persist until 2027 due to conflicts in the Middle East and Ukraine. Diesel refining margins have already hit
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IEA: Global Diesel Supply Tightness to Persist Until End of 2027 Due to Iran Conflict, Inventory Declines, and Strong Demand
The International Energy Agency (IEA) reported on Wednesday that the global diesel market is expected to remain tight until the second half of 2027, primarily due to supply disruptions from the Iran c
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U.S. diesel futures surge 4.5% to a two-week high, despite President Trump's agreement to suspend sanctions on Russian diesel exports
U.S. diesel futures surged 4.5% to a two-week high, despite President Trump's agreement to suspend sanctions on Russian diesel exports. Energy traders warn that the additional Russian supply is insuff
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Trump's Diesel Deal with Russia Is Far Below US Demand, Analysts Say Impact on Oil Prices Is Limited
According to CNBC, President Donald Trump announced a diesel deal with Russia, but analysts believe its impact on fuel prices will be limited. Russia will immediately supply 300,000 metric tons of die
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Trump: Russia is releasing diesel globally, not specifically supplying it to the United States.
Trump: Russia is releasing diesel globally, not specifically supplying it to the United States.
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Russian Deputy Prime Minister Novak: Russia's diesel exports are expected to reach 3 million to 3.5 million tons by the end of this year.
Russian Deputy Prime Minister Novak: Russia's diesel exports are expected to reach 3 million to 3.5 million tons by the end of this year.
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Russia's Diesel Exports Curtailed by Ukrainian Strikes
Ukrainian strikes have reduced Russia's refinery output, limiting its ability to export the amount of diesel US President Donald Trump seeks to help ease global fuel prices. Even if an energy ceasefir
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Trump to issue directive to US officials that seeks to control cost of diesel, three industry sources say
Trump to issue directive to US officials that seeks to control cost of diesel, three industry sources say
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IEA members back accelerated release of 100M barrels of oil stocks
IEA members backed accelerating previously pledged oil stock releases from March, with the remaining commitments potentially bringing around 100 million barrels to market. Members also supported prior
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Diesel
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