For many, 2026 will be remembered as the year that diesel cracks topped the century mark ($100/bbl) for the first time, surpassing even the post-COVID boom year of 2022. Today, we examine the various factors driving this run-up and what they reveal about the broader physical refined products market.
Global prices for refined products have remained elevated for a number of reasons, with the state of Russia’s refining sector a major, if sometimes overlooked, factor. Today, we look at the conditions in Russia, how trade flows have shifted, and what a post-war recovery might look like.
It has been a volatile spring and summer for global natural gas markets as the war in Iran has dragged on, seemingly causing prices to jump — or falter — with every headline. Today, we discuss Europe’s gas storage woes and the potential ramifications as its time runs out to refill inventories.
Refined product prices have remained elevated this summer even as crude oil prices have fallen from their 2026 highs set just a few months ago. In today’s RBN blog, we look at several factors that help explain the seeming disconnect between product prices and crude oil prices.
Since early 2026, disruptions at the Strait of Hormuz and shifts in Venezuelan exports have shifted crude oil and product flows from their historical norms. On the U.S. domestic front, closures of West Coast refineries and proposed new pipelines to that region suggest more changes are coming.
It’s been quite a year already, with energy markets roiled by the Iran war. To survive such swings, you need a deep understanding of market fundamentals so that you can anticipate their effects. That’s today’s subject and the focus of our upcoming School of Energy: Foundations.
The global oil market has been especially volatile this year, but the United Arab Emirates’ decision to cease its OPEC membership provided another jolt. Today, we dig into why the UAE chose this path and the potential implications for the global market and U.S. producers.
It’s been quite a year already, with energy markets roiled by the Iran war. To survive such swings, you need a deep understanding of market fundamentals so that you can anticipate their effects. That’s today’s subject and the focus of our upcoming School of Energy: Foundations.
It’s been quite a year already, with energy markets roiled by the Iran war. To survive such swings, you need a deep understanding of market fundamentals so that you can anticipate their effects. That’s today’s subject and the focus of our upcoming School of Energy: Foundations.
The West Coast, particularly California, has been the U.S. region hardest hit by the war with Iran and the closure of the Strait of Hormuz, particularly regarding the Golden State’s ability to obtain refined product imports. Today, we discuss the impact of the closure.
