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Little diesel and high prices

138

Diesel stays rare for a long time. The energy agency says this. Heating oil is also part of this. The prices are very high. Russia sells less oil now. The Middle East has trouble too. Factories face attacks there. Oil storage is almost empty. This is a problem before winter. Factories make too little oil.

High prices hurt the economy. Goods get more expensive. Many people have less money to live. The energy agency helps now. They open hidden oil storage. This is 100 million barrel oil. One barrel is 159 liter oil. This lowers prices. The situation stays hard.

Maybe late 2024 brings relief. Factories work more then. Storage fills up slowly. Enough oil comes in 2027. Prices drop then maybe. Buyers must watch out until then. State tax cuts do not always help. They make shortages even worse.

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Definitions

Internationale Energieagentur
This group watches energy markets worldwide. They help countries with oil or power problems.
Raffinerie
This is a large factory for oil. They make diesel or gas from raw oil.
Barrel
This is a measure for oil. One barrel is exactly 159 liter.
Konjunktur
This word tells how well the economy of a country does.
Vorkriegsniveau
This describes a state from before a war.

Locations

Naher Osten
A region in south-west Asia and north-east Africa. There is much oil.
Russland
A very big country in east Europe and north Asia.

Sources

Logo VOL
VOL

IEA warnt vor anhaltender Diesel-Knappheit bis 2024

Read now
Südtirol News

Energieagentur warnt vor anhaltender Diesel-Knappheit

Read now
Logo ORF
ORF

Energieagentur warnt vor anhaltender Dieselknappheit

Read now
Logo FAZ
FAZ

Diesel bleibt noch auf Monate knapp und teuer

Read now

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