--- title: "Diesel Buyers Compete for Shrinking Supply Pool -2-" type: "News" locale: "en" url: "https://longbridge.com/en/news/296249205.md" description: "BHP reports that Middle East conflicts have materially shifted the cost environment, raising inflation in Australia, Chile, and Canada, while disrupting trade flows through the Strait of Hormuz, driving up prices for diesel, sulfuric acid, and ammonia. Additionally, BHP expects Beijing to reaccelerate fiscal support in H2 to bolster China's growth toward its 4.5%-5% target, noting that strong exports are sustaining industrial activity despite weak domestic demand and property sector drag." datetime: "2026-08-18T15:27:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296249205.md) - [en](https://longbridge.com/en/news/296249205.md) - [zh-HK](https://longbridge.com/zh-HK/news/296249205.md) generator: "portal-rs" --- # Diesel Buyers Compete for Shrinking Supply Pool -2- 0400 GMT - The cost environment for miners "has shifted materially" as a result of the conflict in the Middle East, BHP says in its FY results. Higher energy prices have raised inflation across key regions, it says. In Australia, that's added to already elevated domestic inflation, says the miner. For Chile and Canada, it is reigniting pressure after inflation had started to ease back towards central-bank targets, it says. BHP notes that disruption to trade flows through the Strait of Hormuz has also put "significant upward pressure" on sulfuric acid, diesel and ammonia markets. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) -- BHP Expects Fiscal Support to Bolster China Growth -- Market Talk 0351 GMT - Beijing is expected to reaccelerate fiscal support in 2H, helping to keep economic growth in China broadly consistent with the official 4.5%-5% target range for 2026, according to BHP, the world's No. 1 miner. China's economic momentum has slowed recently, weighed down by muted consumer spending and slumping investment. "While growth remains uneven across sectors, with domestic demand softer and the property sector continuing to act as a drag, exports have continued to perform strongly, helping to sustain industrial activity and demand for imported raw materials," BHP says. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) Write to Barcelona Editors at barcelonaeditors@dowjones.com (END) Dow Jones Newswires August 18, 2026 11:19 ET (15:19 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [BHP.US](https://longbridge.com/en/quote/BHP.US.md) - [BHP.UK](https://longbridge.com/en/quote/BHP.UK.md) - [BHP.AU](https://longbridge.com/en/quote/BHP.AU.md) - [BHPLF.US](https://longbridge.com/en/quote/BHPLF.US.md) ## Related News & Research - [Copper powers profit rise at mining giant BHP](https://longbridge.com/en/news/296167398.md) - [BREAKINGVIEWS-BHP's rich-seams pitch gets more convincing](https://longbridge.com/en/news/296183306.md) - [Diesel margins soar to record high. Valero and Marathon stocks are winning.](https://longbridge.com/en/news/296256298.md) - [BHP FY26 earnings attributable to shareholders rise 9% to US$9.83 billion; revenue climbs 15% to US$58.76 billion](https://longbridge.com/en/news/296182760.md) - [BHP, Port Hedland unions fail to reach wage deal - report](https://longbridge.com/en/news/296186557.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**