{"id":704363,"date":"2026-08-18T12:07:02","date_gmt":"2026-08-18T16:07:02","guid":{"rendered":"https:\/\/goldtadise.com\/?p=704363"},"modified":"2026-08-18T12:07:02","modified_gmt":"2026-08-18T16:07:02","slug":"absolutely-unprecedented-diesel-crack-spread-hits-record-as-refined-products-crisis-arrives","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=704363","title":{"rendered":"&#8220;Absolutely Unprecedented&#8221;: Diesel Crack Spread Hits Record As Refined-Products Crisis Arrives"},"content":{"rendered":"<p><em>&#8220;The\u00a0<strong>industrial economy either grinds to a halt, or consumers<\/strong>\u00a0are about to be hit with the biggest energy pass-through in history.&#8221;\u00a0<\/em><\/p>\n<p>Brent and WTI futures remain below $100 a barrel on Tuesday morning, partly suppressed by governments releasing strategic oil reserves into global markets. But the more serious issue is building downstream, where the Russia-Ukraine war, strikes against energy infrastructure, and continued disruptions around the Strait of Hormuz are\u00a0<strong>fueling the refined-products &#8220;perfect storm&#8221; we have repeatedly warned about<\/strong>.<\/p>\n<p>Back to diesel, the\u00a0<strong>squeeze is being compounded by depleted inventories<\/strong>, with US diesel reserves near 23-year lows and European stockpiles approaching levels last seen during the 2022 energy crisis.<\/p>\n<p>A chart we published overnight went viral after showing the\u00a0<em>front-month US diesel crack spread (the NYMEX one-month heating-oil\/WTI crack spread)\u00a0<\/em>hit a\u00a0<strong>record $102 per barrel<\/strong>.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/energy\/absolutely-unprecedented-diesel-crack-spread-hits-record-refined-products-crisis-arrives\">https:\/\/www.zerohedge.com\/energy\/absolutely-unprecedented-diesel-crack-spread-hits-record-refined-products-crisis-arrives<\/a><\/p>\n<h3>AND<\/h3>\n<h4 class=\"ArticleFull_title__ucBVR\">Diesel Crack Spread Explodes To Record As Wall Street Warns Of Refined-Products &#8220;Perfect Storm&#8221;<\/h4>\n<p><strong>Wall Street Warns About &#8220;Perfect Storm&#8221; Diesel Crunch:\u00a0<\/strong><\/p>\n<ul>\n<li><em>Goldman&#8217;s\u00a0Daan Struyven Shows\u00a0<strong>Global Diesel Exports Crashing<\/strong><\/em><\/li>\n<li><em>Citi&#8217;s Anthony Yuen Warns: Global Diesel Inventories &#8220;<strong>Below 5YR Minimum<\/strong>&#8220;<\/em><\/li>\n<li><em>BofA&#8217;s\u00a0Francisco Blanch Warns:\u00a0<strong>&#8220;Diesel&#8217;s Perfect Summer Storm&#8221; Unfolding\u00a0<\/strong><\/em><\/li>\n<li><em>Jefferies&#8217; Sam Burwell Warns:\u00a0Hormuz Shock &#8220;<strong>Manifesting Itself In Cracks, Not Crude<\/strong>&#8221;\u00a0<\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.zerohedge.com\/energy\/hormuz-shock-manifesting-itself-cracks-not-crude-jefferies-says\">https:\/\/www.zerohedge.com\/energy\/hormuz-shock-manifesting-itself-cracks-not-crude-jefferies-says<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;The\u00a0industrial economy either grinds to a halt, or consumers\u00a0are about to be hit with the biggest energy pass-through in history.&#8221;\u00a0 Brent and WTI futures remain below $100 a barrel on Tuesday morning, partly suppressed by governments releasing strategic oil reserves &hellip; <a href=\"https:\/\/goldtadise.com\/?p=704363\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2948,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-704363","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/704363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/2948"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=704363"}],"version-history":[{"count":1,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/704363\/revisions"}],"predecessor-version":[{"id":704365,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/704363\/revisions\/704365"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=704363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=704363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=704363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}