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Russia stopped exporting diesel due to Ukrainian strikes. That badly hurt Turkey and to lesser extent Brazil. And Brazil started to get diesel from US allowing
by fpoling 5d ago
Russia stopped exporting diesel due to Ukrainian strikes. That badly hurt Turkey and to lesser extent Brazil. And Brazil started to get diesel from US allowing US companies to make a lot of profit. So Ukrainian strikes clearly affect global prices.
But then it also makes Chinese EV including trucks extremely attractive replacement. So China making a profit as well.