The oil price surge is bad. The diesel crisis is worse - Sydney Morning Herald

Western policymakers are glued to the screens showing the price of oil — they should focus instead on diesel. If anything is going to break soon in the petroleum market, diesel is the most likely candidate.

Now the conflict in Ukraine is making a bad situation a lot worse. Europe is the largest diesel deficit region in the world, relying on Russian supply to plug the hole. Of the nearly 1.4 million barr… [+2548 chars]

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