Europe faces shortage of diesel fuel due to anti-Russian sanctions

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A massive shortage of diesel fuel threatens European countries due to anti-Russian sanctions. This was reported on August 9 by Bloomberg.

According to the agency, diesel stocks in Europe are already at their lowest level since 2008. If closer to winter the European Union, as planned, introduces a ban on the supply of fuel and energy resources from Russia, then the shortage of fuel will affect its cost: prices will skyrocket, and given that diesel is used to refuel ships and trucks, then interruptions in logistics are inevitable.

In turn, the Financial Times recalls that as a result of sanctions, up to 3 million barrels per day of oil and oil products from Russia may disappear from the market. At the same time, Russian diesel makes up more than half of total deliveries to European countries.

The world’s largest Vitol, Gunvor and Trafigura traders do not rule out that European countries will have to switch to a rationing system due to a diesel shortage. In addition, the rise in diesel prices …

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