
As Europe's largest refinery starts strike, a global crisis in diesel supply.
Last week, the Dutch trade union stopped restarting the production plant of the refinery in BP in Rotterdam. The refinery is the largest diesel supplier in Nordic. A representative of the union said that workers will not restart production unless the compensation dispute is resolved.

According to recent news, European fuel stocks may fall to their historical lowest point. The previous strike at French refineries caused more than 60% of the domestic refinery production capacity to evaporate, and the suspension of production of Europe's largest refinery may further put diesel supply in trouble. has also put Europe in a whirlpool of buying world diesel, including Russian diesel, which is about to be "priced".

Meanwhile, U.S. diesel stocks have now fallen to their lowest level since the government reported fuel data in 1982.
Previously, the Biden administration cut drilling permits on federal land and canceled the Keystone transportation pipeline. Now trying to cover up its mistakes by releasing up to 1 million barrels of oil from its strategic oil reserves every day has led to an imminent exhaustion of strategic oil reserves.

In addition, OPEC+ still plans to cut production by up to 2 million barrels per day. 25html On the 6th, the Minister of Energy of Iraqi announced after visiting Saudi that it will comply with the recent production cut decision of OPEC+6.
From Louis Navellier, an investment strategist at asset management company Navellier & Associates, believes that when seasonal demand rises in spring, the price of crude oil is expected to rise to $120.
text | Chen Leshan title | Huang Zixin review | Zeng Yi