US diesel crack surpasses US$100 a barrel for the first time on supply disruptions

The US diesel crack, a key measure of refining profitability, has surpassed $100 a barrel for the first time due to global supply disruptions. This significant milestone is largely attributed to ongoing conflicts in Iran and Ukraine, which are affecting the global supply of diesel fuel. As a result, refineries are facing higher costs to produce diesel, making it more expensive for consumers. This development is crucial for markets, as it may lead to increased fuel prices and potentially higher inflation rates.

Why it matters

Global supply disruptions are causing refining profitability to surge. This could lead to higher fuel prices and decreased demand for US refiners.

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