US refineries are increasing diesel production
July 22, 2026 2:05 pm, EDT A refinery in Linden, NJ (Bing Guan/Bloomberg) key takeaways: U.S. refiners boosted diesel output to 5.3 million barrels per day in July, boosting output for a record month outside the winter. The increase reflects a reduction in global supply driven by the Russia and Iran wars, strong exports and