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Oil prices slightly calmer after stormy start to the week

AnalysisBy Linda van EekeresPublished: Yesterday 05:37 PM CET

The price of gas oil has skyrocketed. The demand for diesel is high due to commercial use by trucks, (agricultural) machines, and inland shipping. A lot of diesel is refined in Europe, but there is also a significant amount of imports due to high demand. Not all oil is equally suitable for diesel production. With the phasing out of Russia as a supplier, Europe has become more dependent on imports from the US and the Middle East.

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