Globally, this means a decrease in supply in the global market and an increase in prices of finished products for consumers.
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Since the end of June, global diesel fuel prices have risen by 40%, and globally demand exceeds supply. The prices of finished products have reached a high level: for example, the last time global diesel prices were this high was at the end of April this year. Considering the significant fuel shortage in Russia, its previous buyers – Turkey and Brazil – are forced to seek alternative import channels from the USA and India.
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