The risk now is a lack of diesel.
RIO DE JANEIRO – Global leaders who will gather for the United Nations General Assembly this week should be concerned about the risk of a diesel shortage in the coming months. The grim warning was issued by Patrick Pouyanné, the CEO of TotalEnergies, here at Rio Oil & Gas. This is a crisis within a crisis. […] The post The risk now is running out of diesel appeared first on Brazil Journal .
Global leaders attending the UN General Assembly should be concerned about a potential diesel shortage in the coming months, warned Patrick Pouyanné, CEO of TotalEnergies, at the Rio Oil & Gas conference in Rio de Janeiro. The crisis is attributed to the war in the Middle East disrupting oil traffic through the Strait of Ormuz and Ukraine's attacks on Russian refineries, which have led to Russia suspending diesel exports.
The situation is further complicated by China's decision to suspend gasoline and diesel exports. Pouyanné also announced that TotalEnergies has increased its stake in Casa dos Ventos, a Brazilian renewable energy company, from 34% to 49%.
Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
