Kallas & Zelensky Cannot Sleep as Long As One Russian is Still Breathing
For what it is worth, it appears that diesel fuel/heating oil will rise with a final high next March. This can be accelerated by a cold winter, but also the damage that Ukraine has already done to Russia’s refineries has been massive. Diesel impact food dramatically. In Asia, ships need diesel to br
Source: Armstrong Economics
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DW NOTE
Trump waived sanctions on Russian diesel a week ago because Ukraine's refinery strikes created a global shortage, and now the Hormuz closure has removed another 12 million barrels per day from the market. The diesel spike isn't a forecast — it's already here, built into $106 Brent and a supply chain running on fumes.