Energy

The overlooked Russia-Ukraine war grows its outsized impact on energy as U.S. diesel prices hit all-time high - Fortune

Source: Fortune

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DW NOTE

Fortune describes diesel hitting all-time highs as an "outsized impact" of a war it calls "overlooked." The Strait of Hormuz has been closed for 189 days. WTI is up 21% in a month. This isn't Ukraine's war reaching energy markets — it's energy markets finally pricing in a Persian Gulf that doesn't work.

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Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

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The overlooked Russia-Ukraine war grows its outsized impact on energy as U.S. diesel prices hit all-time high - Fortune

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