{"id":5353,"date":"2026-05-01T19:41:39","date_gmt":"2026-05-01T19:41:39","guid":{"rendered":"https:\/\/www.worldpumpnews.com\/?p=5353"},"modified":"2026-05-01T19:41:39","modified_gmt":"2026-05-01T19:41:39","slug":"imperial-oil-churning-out-more-diesel-jet-fuel-as-mideast-war-drives-up-prices","status":"publish","type":"post","link":"https:\/\/www.worldpumpnews.com\/?p=5353","title":{"rendered":"Imperial Oil churning out more diesel, jet fuel as Mideast war drives up prices"},"content":{"rendered":"

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Alberta-based Imperial Oil Ltd. is capitalizing on strong pricing for diesel and jet fuel by boosting how much of those products its refineries churn out.<\/p>\n

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\u201cCertainly in this time period, we\u2019ve been maximizing our production of diesel and jet molecules over gasoline,\u201d Scott Maloney, vice-president of Imperial\u2019s downstream business, told analysts on a conference call Friday to discuss the company\u2019s latest results.<\/p>\n

Output from Imperial\u2019s refineries \u2014 two in southwestern Ontario and one in Edmonton \u2014 mainly goes to the Canadian market, but Maloney said \u201cwe do opportunistically look at exporting additional production on top of that.\u201d<\/p>\n

The war in the Middle East has all but halted oil shipments out of the Persian Gulf, making fuel products derived from crude more expensive and, in some parts of the world, scarce.<\/p>\n

Natural Resources Canada said the average weekly price for diesel sits at almost $2.21 a litre, about one-third than it was in late February.<\/p>\n

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The higher costs are being felt by long-haul truckers, railways and the businesses they serve via fuel surcharges.<\/p>\n

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Meanwhile, airlines are dealing with soaring jet fuel prices, with Air Canada on Thursday suspending its guidance for the year amid the volatility.<\/p>\n

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Airlines across the globe have trimmed their flight schedules as ballooning fuel costs render some routes unprofitable.<\/p>\n

Imperial, majority-owned by U.S. energy major ExxonMobil Corp., sold 169,000 barrels per day of heating, diesel and jet fuels during the first quarter, a period that included one month of the Middle East conflict. A year earlier, sales of those products were 175,000 boepd.<\/p>\n

Throughput at Imperial\u2019s refineries during the first three months of the year averaged 384,000 barrels per day, down from 397,000 a year earlier, as it dealt with unplanned downtime and a disruption in supplies from an oilsands processing plant at the Syncrude mine.<\/p>\n

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Refineries ran 88 per cent full for the first three months of 2026, down from 91 per cent a year earlier.<\/p>\n

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