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European Diesel Futures Benchmark Price Rises Above USD200 per Barrel
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Amid fuel supply constraints caused by the Iran war, the benchmark price of European diesel futures once surged to as high as USD1,493.25 per tonne, with prices exceeding USD200 per barrel, marking an increase of up to 9.4%. Shipping through the Strait of Hormuz has basically come to a standstill, disrupting transportation of refined products such as diesel. As Europes diesel production typically falls short of consumption, several traders and analysts indicated that if the strait cannot be reopened, the region will face diesel supply shortages in the coming weeks. Latin America is also expected to encounter similar pressures. (mn/a) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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