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1. Global Diesel Shortage Spans Multiple Continents - MICHAEL BERNSTAM 091626
Published 1 month ago
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CAPTION 1943 WAR EMERGENCY PIPELINE
Global Diesel Shortage Spans Multiple Continents
Michael Bernstam explains Ukrainian drone strikes against Russian refineries impact domestic Russian consumption rather than global markets because Moscow previously banned refined petroleum exports. The worldwide diesel crisis stems from losing 2.5 million barrels daily due to Middle Eastern supply disruptions, Strait of Hormuz closures, and pipeline attacks. With global refineries running at 96% to 98% capacity, facilities face severe quality mismatch issues because domestic shale crude yields less diesel than heavy Middle Eastern imports. Meanwhile, overall Russian oil production dropped by 1.5 million barrels per day. New United States congressional legislation permits potential 100% tariffs on purchasing nations. (1)
Global Diesel Shortage Spans Multiple Continents
Michael Bernstam explains Ukrainian drone strikes against Russian refineries impact domestic Russian consumption rather than global markets because Moscow previously banned refined petroleum exports. The worldwide diesel crisis stems from losing 2.5 million barrels daily due to Middle Eastern supply disruptions, Strait of Hormuz closures, and pipeline attacks. With global refineries running at 96% to 98% capacity, facilities face severe quality mismatch issues because domestic shale crude yields less diesel than heavy Middle Eastern imports. Meanwhile, overall Russian oil production dropped by 1.5 million barrels per day. New United States congressional legislation permits potential 100% tariffs on purchasing nations. (1)