Energy Crisis in Asia and Europe: The Supply Chain Impact
Resilinc
MARCH 28, 2023
Ahead of the EU oil ban, Russia started diverting petroleum products to North Africa and the Eastern Mediterranean. Analysts told Reuters , this glut will weigh on spot prices and premiums for transport and industrial fuel in Asia. Diesel prices are projected to spike in 2023, averaging $38/barrel in H1 2023.
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