The World Is Struggling to Make Enough Diesel ...Middle East

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 $95 a barrel in London — the rally pales in comparison with the surge in diesel. U.S. prices jumped above $140 to the highest ever for this time of year on Thursday. Europe’s equivalent soared 60% since summer. [time-brightcove not-tgx=”true”] And it could get worse. Saudi Arabia and Russia have turned down the taps on production of crudes that are richer in diesel. On Sept. 5, both nations — leaders in the OPEC+ alliance — announced the

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