The world’s diesel market is once again flashing signs of chaos, undermining the global economy with a fresh bout of inflationary pressure.
Powering trucks, trains and ships that drive industry, the fuel is commanding huge buy-it-now premiums in Europe. Beset by worker strikes over pay at French oil refineries that lasted over three weeks, the continent is struggling to be ready for a ban on imports from key supplier Russia that’s 3 1/2 months away. The US has the lowest seasonal inventories in data that began in 1982 going into winter.
www.bloomberg.com/news/articles/2022-10-15/diesel-hits-chaos-mode-in-fresh-blow-for-global-economy
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