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Europe faces a diesel shortage that threatens to slow economic growth, as Russia supplies over three quarters of a million barrels per day of diesel and related fuels to the region. The supply risk affects heavy machinery, transport, farming and fishing.
Europe depends heavily on that flow.
Losing Russian diesel supply tightens European fuel and power costs, raising farm and transport expenses and supporting energy prices that influence feed and freight costs.
reuters.comBozorgmehr SharafedinMar 24, 2022After 250 past bullish geopolitics events, DIESEL moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% over 20.
After 656 past bullish geopolitics events, BRENT moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
