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Diesel Prices Stay High Amid Global Supply Crunch | Pakistan News
Diesel and refined fuel prices are set to stay high as global supply remains tight, fueled by disruptions from the war in Iran blocking crude oil shipments. ExxonMobil and Chevron are reaping massive profits from this scarcity, with both companies hitting record refining output in the U.S. — but they’re also warning that bottlenecks won’t ease soon, especially without shipping restored through the Strait of Hormuz. Chevron’s CEO predicts upward pressure on prices through Q3 and beyond, while demand for diesel and heating oil stays strong. With gas prices in the U.S. climbing past $4 a gallon…
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