Report published September 24, 2026
Inside Commodities: LSEG Daily Update on Global Energy, Critical Minerals, and Agriculture (September 24, 2026)
London Stock Exchange Group · September 24, 2026
Inside Commodities covers surging energy prices, high diesel costs, and US policy debates regarding export bans, as EIA data confirms lower refinery utilization and falling product inventories. Concurrently, critical mineral stockpiling initiatives are underway via EXIM Bank, India has lowered edible oil tariffs, and the Black Sea conflict continues to disrupt Russian and Ukrainian grain exports.
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Finvaulta summarizes London Stock Exchange Group's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.US Energy Secretary Chris Wright warned against a diesel export ban, stating it would force refiners to reduce run rates and inadvertently raise gasoline and jet fuel prices.
- 2.EIA data showed US crude inventories climbed by 3 million barrels while distillate stocks fell, running roughly 14% below the 5-year seasonal average amid refinery utilization drops.
- 3.India reduced basic import duties on crude and refined edible oils (palm, soy, sunflower) to curb domestic prices ahead of peak autumn festival demand.
Table of Contents
- Top News - Oil
- US Energy Secretary Wright says diesel export ban won't work
- RUN RATES
- US crude inventories rise, fuel stocks fall as refining slips, EIA says
- Top News - Agriculture
- India cuts edible oil import duty to lower prices ahead of festivals
- Weak monsoon curbs farm-input demand in India, Rallis India CEO says
- Top News - Metals
- Glencore to create US strategic critical minerals reserve with EXIM Bank
- Mercuria commits $500 million to US strategic minerals reserve initiative
- Top News - Carbon & Power
- EXCLUSIVE-Russia cuts natural gas output, export forecasts
- Global gas market pricing prolonged tightness due to Iran war, IGU executive says
- Top News - Dry Freight
- Russia has fewer wheat buyers as Black Sea trade stalls, data shows
- Ukraine looks to Baltic ports for exports, much like Russia
- HIGH COST, DIFFICULT LOGISTICS
Report data
Key figures extracted from this report
| Metric | Estimate | Context |
|---|---|---|
| Average US Diesel Price | 6.52 USD/gallon | Average retail diesel prices reported by AAA motorist advocacy group. |
| US Crude Inventories | 426.4 million barrels | Weekly inventory data versus expectations for a 641,000-barrel draw. |
| Brent Crude Futures Price | 101.33 USD/barrel | Trading price at 11:02 a.m. ET following EIA weekly inventory report. |
| US Refinery Utilization Rate | 94% | Refinery run rate dropped largely due to an outage at Exxon Mobil's 275,000 bpd Joliet refinery. |
| US Diesel Stockpiles | 96.36 million barrels | Diesel stocks stand approximately 14% below the 5-year seasonal average. |
Reports in this series
Inside Commodities is shown in chronological order through this edition, published on September 24, 2026.
Part of the Inside Commodities series — view all 28 editions
Looking for the latest edition? IC STORIES 10062026 (Oct 6, 2026)
- Aug 28IC STORIES 08282026
- Sep 21IC STORIES 09212026
- Sep 22IC STORIES 09222026
- Sep 23IC STORIES 09232026
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