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US Goes All-In on Diesel Production Amid Growing Global Shortage

Bloomberg Markets Wednesday 22 July 2026, 17:44 UTC By Will Kubzansky 1 min read
Key Points

US Goes All-In on Diesel Production Amid Growing Global Shortage US refiners are ramping up diesel production to near-record levels, bucking seasonal trends as the Russia and Iran wars trigger a global supply crunch. Refiners have produced an average of 5.3 million barrels of distillate fuel oil — which is predominantly diesel — every day this month, according to data from the US Department of Energy. If that pace continues, it’ll be the most diesel the US has ever made in the month of July,...

US Goes All-In on Diesel Production Amid Growing Global Shortage US refiners are ramping up diesel production to near-record levels, bucking seasonal trends as the Russia and Iran wars trigger a global supply crunch. Refiners have produced an average of 5.3 million barrels of distillate fuel oil — which is predominantly diesel — every day this month, according to data from the US Department of Energy. If that pace continues, it’ll be the most diesel the US has ever made in the month of July, and the one of the highest months on record outside of winter heating season.
US (LOCATION) Russia (LOCATION) Iran (LOCATION) the US Department of Energy (ORG)
Originally published by Bloomberg Markets Read original →

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