Economy

‘From liabilities to goldmines’: refineries eye record profits from diesel shortage

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 14/10/2026, 17:50:26 UTC.

Briefings

Following Donald Trump's announcement of a Russian diesel import deal, the global fuel shortage is projected to persist through 2027. Energy watchdogs warn that despite record oil prices, firms converting crude to fuel stand to gain the most profits, though this comes after the Middle East and Russia's war-damaged refineries shut down. The temporary US sanctions were criticized for being insufficient to curb soaring pump prices. The article's findings are based on a 2026 report and remain subject to future economic shifts.

Key points

• The global fuel shortage is projected to persist through 2027 due to the shutdown of war-damaged refineries in the Middle East and Russia, which are the world's second-largest diesel exporters.
• Firms converting crude oil into 'workhorse' fuel stand to gain the most profits despite record prices, a trend that began after Trump's temporary sanctions were criticized for being insufficient to curb soaring pump prices.

Context and limitations

The article's findings are based on a 2026 report and remain subject to future economic shifts and the continued impact of war-damaged infrastructure.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 14/10/2026, 17:51:36 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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