business ⛽ Refinery attacks fuel global diesel supply crunch
Attacks on Russian and Saudi refineries are deepening the global diesel supply crunch right before peak demand season. Refining margins in Europe surged by 10%, with U.S. diesel futures rising 7.4% since July. These disruptions are occurring while refineries are running at near-maximum capacity globally. Analysts predict elevated refining margins until year-end because of geopolitical issues. This prolonged squeeze suggests a sustained high cost for fuel across industries. ⛽