Shell Benefits as Diesel Crack Spread Hits $108
A record $108.02-per-barrel diesel crack spread highlighted strain in global fuel markets. Shell rose about 2.0% to $94.87 as wars and export restrictions sidelined nearly four million barrels per day of Russian and Middle Eastern diesel supply. Shell reported record 102% refinery utilization and $21.4 billion in operating cash flow, though shares trade above estimated value and Vitol warns demand could fall in 2026.