The world is struggling to make enough diesel

(Image: Bloomberg)

Tue, 19 Sep 2023

(Bloomberg) -- The world’s oil refiners are proving powerless to make enough diesel, opening a new inflationary front and depriving economies of a fuel that powers industry and transport alike.While oil futures are rocketing – on Friday, they were just below US$95 (NZ$160.61) a barrel in London – the rally pales in comparison with the surge in diesel. US prices jumped above US$140 to the highest ever for this time of year on Thursday. Europe’s equivalent soared 60% since summer.And it could get worse. Saudi Arabia a...

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