WarMonitor on Nostr: President Donald J. Trump said today that Ukraine should stop striking Russian oil ...
President Donald J. Trump said today that Ukraine should stop striking Russian oil refineries and diesel infrastructure, arguing that the attacks are contributing to a global diesel shortage. He specifically told Ukrainian President Volodymyr Zelenskyy to stop targeting Russia’s diesel supply, while saying the resulting fuel shortage is pushing U.S. diesel prices above $6 a gallon.
Russia has restricted diesel exports while Ukrainian strikes have taken Russian refining capacity offline. At the same time, the war in the Middle East has disrupted oil exports from the Gulf, while the Strait of Hormuz disruption has sharply reduced the availability of Middle Eastern refined fuels. Global refining capacity is also running with limited spare capacity.
The result is competition for a shrinking pool of diesel. Europe is pulling more supplies from the U.S. and other alternative suppliers as Russian and Middle Eastern exports decline, while U.S. diesel inventories are unusually low heading into the fall and winter demand period. EIA says global distillate production is expected to remain below last year's levels in the coming months.
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"content":"President Donald J. Trump said today that Ukraine should stop striking Russian oil refineries and diesel infrastructure, arguing that the attacks are contributing to a global diesel shortage. He specifically told Ukrainian President Volodymyr Zelenskyy to stop targeting Russia’s diesel supply, while saying the resulting fuel shortage is pushing U.S. diesel prices above $6 a gallon.\n\nRussia has restricted diesel exports while Ukrainian strikes have taken Russian refining capacity offline. At the same time, the war in the Middle East has disrupted oil exports from the Gulf, while the Strait of Hormuz disruption has sharply reduced the availability of Middle Eastern refined fuels. Global refining capacity is also running with limited spare capacity.\n\nThe result is competition for a shrinking pool of diesel. Europe is pulling more supplies from the U.S. and other alternative suppliers as Russian and Middle Eastern exports decline, while U.S. diesel inventories are unusually low heading into the fall and winter demand period. EIA says global distillate production is expected to remain below last year's levels in the coming months.\nhttps://blossom.primal.net/0119807ba588fdb5834e9da8f134e76a4cf28a60242b7f79ec4d85107a549f45.mp4",
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