from schizoidman@lemmy.zip to world@lemmy.world on 01 May 14:01
https://lemmy.zip/post/63543347
Among indicators of relative abundance, commercial diesel inventories in China recently touched the highest in nearly two years even as state-owned refineries ran slower, according to data from Mysteel Oilchem.
But for poorer countries such as India – where diesel runs through the backbone of the economy, and most goods are moved by road – there are mounting problems.
In Indonesia, the shortage of diesel has prompted South-east Asia’s largest economy to fast-track the roll-out of a blend comprised 50 per cent of biofuels from its vast oil palm plantations.
In Vietnam, industries including steel- and cement-making have been asked by the government to conserve fuel
Elsewhere, Thailand’s Cabinet approved a plan to borrow money to try to shield consumers from rising fuel costs.
Meanwhile in China, the authorities gave state-owned refiners a green light to export 500,000 tons of fuels including diesel in a one-off quota, with shipments likely to go to Vietnam, Laos and other Asian nations, according to people with knowledge of the matter.
#world
threaded - newest