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Western refinery decline amid a diesel crunch and high gas prices
Bloomberg says dwindling Western refining capacity has collided with geopolitical upheaval, with no easy fix in sight.
TLDR
Bloomberg describes the war as exposing the cost of the West’s retreat from oil refining. It says dwindling refinery capacity has collided with geopolitical upheaval, leaving no easy fix in sight for the diesel crunch and high gas prices.
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