Episode 113: ICE gasoil cracks remain over $85/bbl. China's export ban cuts deep

Trade with Conviction · Oct 1, 2026 · 25m

Host June Goh welcomes Sparta colleagues James Noel-Beswick and Jorge Molinero to unpack the diesel crisis: why global stocks have hit 10-year lows, how geopolitics and refinery outages are compounding the squeeze, and where traders should look to position next.

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Chapters:

(03:59) Red Diesel and the US Response: Washington explores red diesel sales and fuel tax cuts as diesel prices hit $6 a gallon. EU pressure intensifies as the White House threatens export…