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Diesel shortages in Europe: trading giants raise the alarm

Energy

The collapse of imports from Russia, which satisfied 15% of our needs, exposes us to the risk of rationing, warn Vitol, Trafigura and Gunvor

by Sissi Bellomo

(Epa)

The collapse of imports from Russia, which satisfied 15% of our needs, exposes us to the risk of rationing, warn Vitol, Trafigura and Gunvor

Without Russia, Europe risks diesel shortages. To raise the alarm forcefully, already highlighted by several analysts, are the leaders of the main fuel trading companies: global giants such as Vitol, Trafigura and Gunvor, who enjoy a privileged view on supply conditions. And what they see is truly disturbing.

“The shortage of diesel on the market is extreme and will be increasingly so,” warned Jeremy Weir, CEO of Trafigura, during the Commodities Global …

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