Diesel Crack Spread Madness Deepens As Jefferies Finds No Easy Exit From Russia’s Refining Crisis
Refined-product markets have emerged as the epicenter of the global energy crisis, with commodity desks across Wall Street, including Goldman, Citi, Bank of America and Jefferies, warning that disruptions in the Strait of Hormuz and Ukraine’s ongoing long-range drone attacks on Russian energy infrastructure are converging into a perfect storm for global fuel supplies.
AND
Axios: 40 Tankers Transited Hormuz Friday Night, But Real Crisis Is Diesel
“Around 16 million barrels of oil moved out of the strait through the southern channel on Friday night, three U.S. officials told me.”
https://www.zerohedge.com/energy/axios-40-tankers-transited-hormuz-friday-night-real-crisis-diesel
IRAN’s oil production can be replaced with minimal delay — but it takes a decade to build an oil refinery and requires sophisticated & complex equpment — IF this isn’t part of the great depopulation event AND the world wants to minimize the diesel crisis, than perhaps pressuring NATO countries to eliminate Ukranian drones targeting such refineries would be a logical step. Is this really the time to be foorcing Russian and Chinese diesel/jet fuel off of the international marketplace?