Topic
Government measures that restrict a country's ability to sell oil and gas abroad, together with the naval, financial and insurance machinery used to enforce them.
Brent crude rose above $109 a barrel on Friday and WTI reached $100, its first time there since September, NBC News reported. Diesel has risen faster than gasoline in recent months, and operators carry that exposure into this quarter.
Reality
IEA members agreed Thursday to speed up the last 100 million barrels of their emergency release, including more than 20 million of diesel. US retail diesel was $6.32 a gallon that day, more than 70% above a year earlier, according to AAA.
Perspective Coverage
3 publishersReality
International Energy Agency says the global diesel shortage will stretch into 2027 despite planned sanctions easing and stockpile releases. Heavy diesel users face high costs into next year while refiners expect record profits.
Reality
Both published accounts of the call trace the agreement to meet in New York back to Zelenskyy himself, and one of the two also has him thanking Trump for the sanctions on Russia's energy sector.
Reality
Iranian loadings averaged 220,000 to 260,000 barrels a day in August, and the subtraction from world supply comes to about 1.6m bpd. The report carrying those figures leaves out the crude price and the name of the tracking provider.
Reality