Key Takeaways Shell CEO Wael Sawan warns Europe may face an energy crisis as soon as next month.Supply disruptions due to the conflict are pressuring jet fuel, diesel, and gasoline markets.Shell is working with governments on storage and fuel purchases to help them navigate the energy crisis.The British energy giant, Shell plc’s (SHEL) CEO, Wael Sawan, warned that an energy crisis may hit Europe as soon as next month. The warning reflects energy shortage concerns due to the ongoing conflict in the Middle Ea ...

24 March 2026 | 10:43PM EDT Commodities Research Oil Tracker: Diplomatic Path in Focus; Low Hormuz Flows Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Appendix, or go to www.gs.com/research/hedge.html. Yulia Zhestkova Grigsby +1(646)446-3905 | yulia.grigsby@gs.com Goldman Sachs & Co. LLC Filippo Cuscito +44(20)7051-9073 | filippo.cuscito@gs.com Goldman Sachs International Alexand ...

2 3 4 5 6 2021 2022 2023 2024 2025 2026 $/gallon Figure 1: Retail gasoline prices Source: AAA, J.P. Morgan Diesel Regular gasoline For the economic outlook, the simplest implication is the impact on energy prices. This is the principal reason we are revising up our CPI forecast (2026 4Q/4Q) from 3.2% to 3.4%. The impact on food and core prices is more debatable. Prices for fertilizers, which are disproportionately produced in the Persian Gulf region, are up substantially since the con- flict began. Futures ...

Valero begins restart of Port Arthur, Texas refinery, sources say | Reuters Skip to main content The refinery was shut on Monday night as the fire ignited by the explosion raged, the sources said. The refinery lost steam and water during the blaze. In a notice filed on Tuesday night with the Texas Commission on Environmental Quality, Valero said a release of process fuel ignited. The hydrotreater uses hydrogen to remove sulfur from hydrocarbons in compliance with U.S. environmental rules. Exclusive news, da ...

For the first time in decades, Australia has turned to the US as an emergency supplier . Around 240,000 tons of refined fuels have been secured – including roughly 120,000 tons of diesel, 70,000–80,000 tons of gasoline, and about 35,000 tons of jet fuel. The shipments consist of at least six vessels: three multi-product cargoes from ExxonMobil, two diesel shipments from BP, and one gasoline cargo from Vitol. Collectively, this marks the largest monthly inflow of US fuel to Australia since the 1990s.The impa ...

An explosion caused Valero (NYSE: VLO) to temporarily shut down its largest oil refinery on Monday. The 435,000-barrel-per-day (BPD) Port Arthur, TX, facility processes heavy sour crude oil into gasoline, diesel, and jet fuel. Here's what investors need to know about the incident and its impact on the energy market. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and I ...

We are, as you know, green across the board. WTI, there it is. It's back though at 90.So, keep your eye on that. And thus, keep your eye on the stock market. But that's the relationship that matters most of all.As everybody seems to know, oil down, stocks up. Pretty simple. How about another one.Stocks down, Trump put. >> Yes, >> pretty simple. Cuz City Today says the so-called Trump put still prevails.>> Yeah, I would agree with that. And I think that where we found that Trump put rather was specifically i ...

Venezuela oil production has reached 1.1 mln bpd in March | Reuters Skip to main content Sign up here. Production of gasoline and diesel by the South American country reached 166,700 bpd in 2025, up from 146,200 bpd in 2024, another slide from the presentation showed. Reporting by Reuters Our Standards: The Thomson Reuters Trust Principles., opens new tab Purchase Licensing Rights Business US suspends anti-smog fuel rules in bid to ease pump prices Exclusive news, data and analytics for financial market pro ...

Gasoline prices sat just shy of $4 per gallon on Tuesday, rising by more than $1 in the last month with most of those gains coming since the outbreak of the Middle East conflict. The national average at the pump rose above $3.97 per gallon to touch its highest level in nearly four years, according to AAA data. Oil has swung sharply on Iran war headlines this week, keeping $4 gas a likely near-term reality. Read more: How oil price shocks ripple through your wallet, from gas to groceries “For now, we ...

Let's talk to Anthony di Paola, who joins us now, Bloomberg's energy markets reporter who is in Dubai. Anthony, talk us through how this is having an impact on oil market as we see increasingly weakness in the oil price. Some of the detail that we're getting on this US plan perhaps perhaps coming to the fore.Good morning. Yeah. The press has gone down below that ever important level of 00 a barrel this week.And there's been a lot of talk in the market about the jawboning from the U.S. government that they'r ...