Russian Diesel Ban and Global Thermal Imbalance H.R. 5334
indian-refining-infrastructureThe signing of H.R. 5334 and the Russian diesel ban has created an unprecedented thermal imbalance, removing approximately 8% of the world's diesel supply. Tankers transporting Russian crude to India can no longer unload due to sanctions risk, while Russian refineries cannot export finished diesel, leading to crude oil blockages and record diesel prices, such as $6.50 per gallon in the US.
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