The flurry of Ukrainian drone attacks on Russia’s oil refineries risks disrupting global markets for petroleum products, the International Energy Agency said.

This video offers a concise overview of the diesel shortage issue, designed to demystify this complex topic for non-experts and highlight why it remains a critical concern amidst the transition to more sustainable energy sources.

Volvo Car AB produced its last automobile with a diesel engine this week, ending an era for the manufacturer that plans to only make electric vehicles by 2030.

Diesel prices in the Midwest climbed for a second day after two refineries in the region shut down unexpectedly, stoking fears of a supply crunch.

A surge in shipping costs due to turmoil in the Red Sea is pressuring Europe’s diesel supply chain, contributing to a sharp jump in fuel prices.

Russia allowed a return to seaborne exports of diesel just weeks after imposing a ban that roiled global markets, taking other steps instead to keep sufficient fuel supplies at home.

New York is rising to the fore as an unlikely diesel supplier, shipping out three cargoes in one week as Russia’s fuel export ban sends buyers searching for new supplies.

The national average diesel price paused from its recent surge, falling back 4.7 cents to settle at $4.586 a gallon, according to Energy Information Administration data released Sept. 25.

Soaring diesel prices are likely to push more trucking companies out of business, especially smaller carriers, after casualties already spiked in the first two-thirds of the year.

The diesel market is pricing in a crisis, one that soon could get even worse because of a lack of the type of crude that’s good for making the fuel.