US oil refineries race against dwindling supply artwork
FT News Briefing

US oil refineries race against dwindling supply

Jul 23, 2026 · 10:23

Tesla reported its first cash burn in more than two years in the second quarter, and US oil refineries are running at full tilt as wars in the Middle East and Ukraine choke global supplies of fuels such as diesel. Plus, the UK consumer price index dropped in June, and Deutsche Bank’s headquarters was raided for the third time this year.  Mentioned in this podcast:Tesla profits plunge as…