The world’s diesel market is once again flashing signs of chaos, undermining the global economy with a fresh bout of inflationary pressure.
Powering trucks, trains and ships that drive industry, the fuel is commanding huge buy-it-now premiums in Europe. Beset by worker strikes over pay at French oil refineries that lasted over three weeks, the continent is struggling to be ready for a ban on imports from key supplier Russia that’s three-and-a-half months away. The US has the lowest seasonal inventories in data that began in 1982 going into winter.
