Friday, April 15, 2022

"Who is paying the price of the shortage of diesel fuel from Russia?"

Truckers. Then hausfraus.
(actually France buys more than Germany)
 
From S&P Global:
  • Highlights
  • Global diesel stocks have fallen to their lowest, as demand has recovered to pre-pandemic levels
  • 50% of the Europe's total diesel imports come from Russia
  • France, UK and Germany are biggest buyers of Russian seaborne diesel

Sanctions and boycotts on Russian oil over its war in Ukraine are heaping more pressure on global diesel markets which were already running low on stocks as demand rebounds from the COVID-19 pandemic. As traders scramble to source alternative supplies, diesel cracks have soared to record highs, far outpacing price rises for gasoline and other fuels....

....MORE, including an information-dense infographic