business π₯ Global diesel shortage heating up before winter β½
A worldwide fuel crisis is intensifying as diesel demand is set to rise during the upcoming winter months. This shortage is affecting Southeast Asia, where palm oil farmers face supply cuts and price hikes. Russia has banned exports due to local squeezes from Ukrainian drone attacks on its refineries. The European Union is vulnerable because many refineries are closing, increasing reliance on unstable supply chains. Analysts predict extremely high flat prices are coming, putting pressure across multiple industries.