There’s growing anxiety that Europe might run out of diesel following Russia’s invasion of Ukraine. The continent only has about 40 days supply of the crucial fuel in its stockpiles.
Europe has historically taken about 20% of its imports from Russia. But European oil companies are shunning petroleum supplies from the country as the fighting spills into a second month, and instead are seeking shipments from as far afield as the Middle East, Asia and the U.S. Shell Plc, BP Plc and TotalEnergies SE are already restricting deliveries of the fuel in Germany.