20:52 - 24.07.2026

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July 24, Fineko/abc.az. U.S. oil refineries have ramped up utilization rates to near-maximum levels in response to surging global demand for diesel and jet fuel. According to data from the U.S. Energy Information Administration (EIA), average refining capacity utilization has reached 96%, with facilities in several regions operating at 100%.

The global fuel deficit has intensified due to severe supply disruptions, including Iran's closure of the Strait of Hormuz and recent attacks on Russian refineries. The situation has been further exacerbated by Russia's ongoing ban on diesel exports, driving international buyers to rely heavily on American fuel supplies.