Diesel Is Pricing a Scarcity With Winter Demand Looming
- Low stockpiles mean supply-demand shifts can supercharge price
- Northern Hemisphere winter heating demand is just months away
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At any other time in history, the current state of the global diesel market would have sent some countries into a panic.
All over the world, prices for the fuel are sky-high relative to the crude oil from which it is made, pointing to a scarcity that should alarm inflation-obsessed governments everywhere. And within just a few months, the Northern Hemisphere will enter winter, pushing up demand for heating.