MacroEnergyTrump Says Russia and Ukraine Agreed to an Energy Truce — Zelensky Says It's Still Just a Proposal
Trump Says Russia and Ukraine Agreed to an Energy Truce — Zelensky Says It’s Still Just a Proposal
Trump said Russia and Ukraine had agreed not to strike each other’s energy infrastructure, but Zelensky’s own position is conditional: Kyiv is ready to halt strikes only if partners can ensure Russia genuinely refrains from striking Ukraine’s electricity system and other critical infrastructure. Kremlin spokesman Peskov said avoiding attacks on civilian economic infrastructure can certainly only be welcomed, without committing Moscow to reciprocate. Hours before Trump’s remarks, Ukraine’s military struck an oil refinery in Russia’s Tatarstan republic. Until Moscow puts reciprocity in writing, this is a headline that dents the diesel crack for a session, not a new price floor.
#Ukraine #Russia #DieselMarket #OilGeopolitics #CrudeSupply
A Three-Hour Power Blip Just Exposed How Thin Chicago’s Fuel Supply Really Is
A power outage knocked ExxonMobil’s Channahon refinery offline starting around 3:30 p.m. Sunday for roughly three and a half hours, and workers were still conducting a site status assessment as of Monday with no restart timeline given. The refinery processes up to 275,000 barrels of crude daily and supplies finished fuel to seven Midwestern states, and the Chicagoland fuel market leans on just three refineries — Joliet, BP Whiting, and Citgo Lemont — representing 909,000 b/d combined. A few hours is a non-event; the number to watch is how fast Exxon confirms full rates, given this plant’s history of multi-week outages.
#ExxonMobil #RefineryOutage #GasolinePrices #Midwest #RefiningMargins
Update: Saudi Arabia’s Yanbu Buffer Now Has a Five-Day Countdown Clock
Update on the East-West pipeline shutdown: Yanbu has enough stored crude to maintain current export levels for roughly five to seven days without new supplies flowing through the pipeline, and repair estimates range from a faster partial resumption to five-to-six weeks fully offline. What’s changed: Houthi forces have captured the Hanish islands, tightening their grip on the Bab el-Mandeb Strait, a key passage for Saudi oil shipments now serving as an alternative to Hormuz, and regional officials say the pipeline will mostly be out of service for weeks. If repairs land on the slow end, the world risks losing as much as 4% of its oil supply.