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Diesel Cracks Hit Record Highs as Global Fuel Squeeze Deepens

The re-escalation in the Middle East and the Russian ban on diesel exports amid incessant Ukrainian drone attacks on refineries have pushed middle distillate cracks to record highs this week.

  • Diesel crack hits record $79 per barrel globally
  • Middle East conflict and Russia's diesel export ban exacerbate shortage
  • US diesel crack nears all-time high at $100 per barrel

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