US diesel crack hits record $100/barrel amid global supply shocks

The US diesel crack, a metric for refining profitability, has exceeded $100 a barrel for the first time due to significant supply disruptions. Conflicts in Iran and Ukraine, coupled with increased demand during peak agricultural seasons, have strained global refinery output. This surge impacts farmers needing fuel for equipment and could have broader economic consequences across manufacturing and transport sectors. AI

RANK_REASON Significant price surge in a key commodity due to geopolitical events and supply chain issues. [lever_c_demoted from significant: ic=1 ai=0.0]

Read on SCMP — Tech →

• International Energy Agency
• Iran
• Russia
• Ukraine
• United States
• US diesel crack
• US West Texas Intermediate crude oil

• other

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →