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That's not a source. And it also directly contradicts your assertion. Petroleum products are refined and consumed near the point of use because they're not ver
by XorNot 18d ago
That's not a source. And it also directly contradicts your assertion.
Petroleum products are refined and consumed near the point of use because they're not very shelf stable. Petrol is not shipped internationally in any significant quantity, neither is diesel for these reasons.
Take down any production capacity anywhere and you'll have shortages locally but crude oil supplies will divert to other refining capacity and fall in price.
Conversely take down crude oil supply...
- bryanlarsen 18d agoIt's still a global trade. Russia - India trade is directly affected, so that affects the supply of diesel out of India for those who normally buy from India. So they buy from somebody else. And so on down the line. Diesel is shelf stable for 6-12 months, which is long enough to ship anywhere in the world.