Fuel shortages impact markets and prices
Global oil markets are heading towards increases in diesel prices due to reduced supplies from major sources, following damage to Russian refineries caused by attacks and the continuation of the fuel export ban. This has led to a shortfall estimated at around four million barrels per day. As a result, profit margins for refineries outside conflict zones are expanding, prompting them to operate at maximum capacity and increasing the risk of breakdowns and sudden stoppages. With winter approaching in Europe, experts predict that this shortage will exert inflationary pressures on markets as demand for heating rises, intensifying the challenges faced by refining networks and global fuel reserves.
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