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Fuel & Energy

Diesel and fuel prices, crude oil markets, fuel surcharges, alternative fuels (RNG, renewable diesel, CNG), refining capacity, energy policy.

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Oil tankers at anchor near the Strait of Hormuz, which has been closed to shipping since May 5, 2026

Fuel & Energy May 12, 2026

Hormuz Closure Drains 100M Barrels a Week — Stockpiles Running Low

Saudi Aramco CEO warns storage is being drawn down to cover the shortfall as the strait stays shut.

By Tess Crawford

Oil barrels stacked at a refinery terminal with price charts overlaid

Fuel & Energy May 12, 2026

Brent Crude Jumps 3.5% to $104.88 as Iran Talks Collapse

Oil climbs on diplomatic breakdown — diesel costs stay elevated as Hormuz remains shut and crude tops $100 for the eighth straight session.

By Tess Crawford