Goldman Sachs warns diesel prices may remain elevated through 2027 as refinery capacity struggles to meet recovering demand from inventory rebuilding. Despite crude oil stabilizing around $80 per barrel, refined product premiums like diesel and jet fuel are expected to stay above $40 per barrel, double the usual level. Refining capacity is shrinking outside China, and damaged facilities in the Middle East and Russia limit supply. Although the Group of Seven's crude release may ease prices temporarily, experts say it won't solve long-term supply issues, meaning high diesel prices are needed to curb demand and balance the market.
Diesel prices and refinery issues provide context for energy markets. For readers following energy stocks, here is Pluang's market snapshot as of Oct 06, 2026 14:32 WIB: 22 of 38 energy-sector US stocks rose today. Notable movers include LEU at USD 142.01 with 100% buy orders, EQNR at USD 42.21 with 85% sell orders, and OXY at USD 58.12 with 90% buy orders. Typical hold times range from 31 to 92 days.
Elon Musk has confirmed that his company is in discussions with Terafab, marking a potential new chip manufacturing partner alongside Intel, which has been the only named chip partner until now. This development could diversify the supply chain and e...
Parataxis Ethereum has officially canceled its planned merger with Parataxis Korea due to complications from a delisting dispute and potential large shareholder cash claims that threatened its liquidity. Both companies' boards approved the terminatio...
Sandisk holds a $93.9 billion contract backlog supported by $16.5 billion in financial guarantees and has already received $2.5 billion, reflecting strong customer commitment. The company projects an adjusted free cash flow of $8.74 billion for fisca...
Chainlink (LINK) is trading around $13.84 after pulling back from a brief surge above $15. The token maintains an ascending support line from August near $13, signaling ongoing bullish momentum. The network launched CCIP 2.0, enhancing security and s...
One year after reaching its all-time high near $126,000 in October 2025, Bitcoin now trades around $85,300, about 32% below that peak. The price fell sharply due to macroeconomic concerns and a tariff-related liquidation, bottoming near $58,000 in mi...
