Saturday, June 13, 2026

The Fuel That Drove the Oil Bull Market Is Cruising in Asia

From Bloomberg Oil investors rattled by the threat of U.S. output can find some cheer from diesel demand in Asia. Strong consumption of the fuel — used to power everything from trucks to ships and factories — underpinned crude’s bull run last year, a rally that’s now being threatened by surging American production. Still, while the risk of a crude glut looms, refineries being shut