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Global oil supplies are suddenly flowing. Why a crude glut won’t mean cheaper diesel.

Katherine Langford
Editor-in-Chief · Friday, November 13, 2026 at 10:04 PM · 1 min read
Global oil supplies are suddenly flowing. Why a crude glut won’t mean cheaper diesel. — Los Angeles Business news

It’s official: the world is expected to soon have more oil than it needs for the first time since the Iran war began in February. But more oil doesn’t automatically lead to lower diesel prices.

About This Story

Local news from Meridan Report — Los Angeles

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Los Angeles

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Business

Published

Friday, November 13, 2026

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1 min

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