Europe’s Diesel Prices Jump on Supply Chain Woes ...Middle East

OILPRICE - Economy
Europe’s Diesel Prices Jump on Supply Chain Woes
source : OILPRICE ( Middle East ) () 47
Diesel prices in Europe are rallying amid tightening supply due to Red Sea shipping disruptions, threatening to test the resilience of European economies which have narrowly avoided recessions in recent months. With many tankers now avoiding the Red Sea/Suez Canal route, diesel supply to Europe from Asia has become more expensive as freight and insurance rates have jumped and vessels are making a longer trip all around the Cape of Good Hope in Africa.    The global benchmark for diesel prices, the gasoil futures, have increased by 15%…

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