Dallas Fed says global refinery capacity down as much as 10% on transport and geopolitical strains

The Federal Reserve Bank of Dallas says global refinery capacity has declined by as much as 10 percent amid mounting transportation challenges and geopolitical tensions, citing closure of the Strait of Hormuz, Houthi attacks on Red Sea shipping, damaged Middle East refineries and Ukrainian strikes, in an attempt to explain high diesel prices.

Detected & updated continuously · Source: Nebula