Goldman Sachs Escalates Warnings on Global Diesel Supply Tightness
Source Summary
Goldman Sachs Group Inc. has increased its warnings regarding tightness in global refining capacity, citing conflicts in the Middle East and the war between Russia and Ukraine as key drivers. The bank points to geopolitical tensions as factors constraining diesel supply worldwide.
Why it matters
Diesel supply constraints driven by geopolitical conflicts can affect global transportation costs, energy prices, and economic activity.
