The price of diesel per gallon in the US has reached an all-time high
Due to the tense situation in the Middle East and rising inflation, the price of diesel in the US has reached an all-time high.
According to the American price tracker company, the price of diesel in the US has reached $6.44 per gallon, which is said to be about 70 percent higher than last year.
Saudi Aramco announces that it will not deliver crude oil to European buyers next month
Saudi Arabia’s state-owned oil company Aramco has announced that it will not deliver crude oil to European buyers next month. According to the American news agency Bloomberg, European customers are usually continuously supplied with Saudi crude oil every month under long-term contracts, but this delivery will not take place next month. According to a Bloomberg report, Saudi oil company Aramco has informed European refineries in this regard. Aramco’s decision to stop oil supplies came after drone attacks by Iraqi militias on the Saudi East-West Oil Pipeline.
Crude oil prices fall in global market
Global oil prices continued to decline for the third day as Saudi Arabia sought to restore crude oil supply through alternative routes. Brent crude oil fell to $102 per barrel in the global market, WTI crude oil also fell to $100, while Emirati crude was trading at $118 per barrel after falling by $3.
