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Energy crisis hits Lithuania [High fuel prices]

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The energy crisis in Europe is intensifying, which may develop into a global one, and prices for petroleum products will continue to grow.

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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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Olivia Kroth
March 25, 2022
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REUTERS: Diesel shortage in Europe threatens to slow economic growth – LONDON, March 24 (Reuters) – European economies face the risk of a shortage of diesel, the preferred fuel for heavy industry, as sanctions on Russian energy threaten to disrupt imports while supply from elsewhere remains limited. Russia is Europe’s largest supplier of diesel and related fuels, sending over three quarters of a million barrels per day for use in European heavy machinery, transportation, farming, fishing and for power and heating. The surge in diesel prices in Europe has already had an impact on industry by pushing up fuel and… Read more »

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