The U.S. diesel crack spread briefly topped a record $100/barrel in August, while Asian margins surged above $87. High margins mean refiners are earning more, but they also signal an unusually tight global diesel market. #Diesel#Oil#Refining#Energy
Dangote's planned Lamu refinery would process 700,000 bpd and serve six East African markets. Kenya puts the cost at $17B, while Dangote says $20B, with completion targeted around 2029-30. #Oil#Kenya#Refining#EastAfrica
U.S. diesel topped a record $6.50/gal as global refining capacity struggles to replace lost Middle Eastern and Russian supply. With U.S. refiners already running hard, the fuel crisis has no quick supply-side fix. #Diesel#Oil#Refining#Energy
Russia will extend its diesel export ban through Oct. 31 as refinery outages tighten domestic supply. Three of its six largest diesel refineries are offline or running near 25% capacity following Ukrainian drone strikes. #Russia#Diesel#Oil#Refining
Dangote has launched Africa's largest share sale, offering 4.1B refinery shares in a deal that could raise up to $2.1B. The IPO values the 700,000-bpd Nigerian refinery at roughly $47B. #Nigeria#Oil#Refining#Dangote
