Genuinely curious...the output drop in refining from Russia is not also a large factor in diesel (and other Petro) price hikes?
Or are you saying the Ukraine drone strikes have not affected the output at a scale where it matters globally?
Or are you saying the Ukraine drone strikes have not affected the output at a scale where it matters globally?
But then it also makes Chinese EV including trucks extremely attractive replacement. So China making a profit as well.
Ukraine strikes to impact the world price. However most of the impact is in Russia, elsewhere the effect is less. Iran is larger effect because the middle east as a more significant share of global oil. (both have an effect, but Iran is larger)