Our View
A More Severe Disruption?
The two wars driving the oil market disruption have intensified. Crude oil, diesel, and gasoil buyers are starting to hoard, fearing further price rises. The real threat comes not from the Middle East but from Ukraine because the diesel market disruption could push diesel prices to $2000 per metric ton or $20 per gallon. Click here to read more.
It's Products, Not Crude (July 20, 2026) -- The key oil story today is in Russia, not the Persian Gulf, but you would not know it from the press.