
Diesel Futures Swing 25 Cents in Two Days on Iran Rumors
Ultra-low sulfur diesel plunged then rebounded on geopolitical chatter, but backwardation and low inventories signal tight supply ahead of heating season.
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Ultra-low sulfur diesel plunged then rebounded on geopolitical chatter, but backwardation and low inventories signal tight supply ahead of heating season.

Administrator Derek Barrs adds two fuel types to existing hours-of-service waiver as global supply disruptions and rising costs tighten delivery windows.

Irving Oil's 300,000-barrel-a-day Saint John plant goes offline September through November: just as heating oil demand climbs and U.S. refiners run at capacity.