RSS feed source: US Energy Information Administration

In-brief analysis

December 3, 2025

Data source: Bloomberg L.P.
Note: Data through November 26, 2025. All crack spreads are calculated against the Dated Brent crude oil spot price.

Global refinery margins for diesel have widened since late October and increased to their highest level all year, following refinery outages in Russia and in the Middle East and new sanctions on Russia’s crude oil, leading to limited refinery production and a decreased global diesel supply. The impact was most pronounced in the Atlantic Basin, contributing to higher prices at the Amsterdam, Rotterdam, Antwerp (ARA) shipping hub, a key benchmark for European prices, as well as at New York Harbor and the U.S. Gulf Coast. The higher global prices also affected prices in the United States because U.S. refiners can sell into both domestic and international markets.

Crack

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RSS feed source: US Energy Information Administration

In-brief analysis

December 1, 2025

U.S. electricity customers experienced an average of 11 hours of electricity interruptions in 2024, or nearly twice as many as the annual average experienced in the decade before, according to our Electric Power Annual 2024 report. Major events such as Hurricanes Beryl, Helene, and Milton accounted for 80% of the hours without electricity in 2024.

Utilities categorize interruptions depending on if they are attributed to major events such as hurricanes or other storms, interference from vegetation near power lines, or atypical utility operations. When comparing outages across years, most of the differences in total time without service are attributed to major events.

Interruptions attributed to major events averaged nearly nine hours in 2024, compared with an average of nearly four hours per year in 2014 through 2023. Service interruptions that aren’t

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