Global Fuel Crisis Strengthens Russia’s Energy and Geopolitical Position

The global fuel crisis is strengthening Russia’s position in the energy sector and geopolitics against the backdrop of rising prices and limited reserves. US Wants Best for Itself, but Things Turn Out as Usual The Wall Street Journal, in an article titled "Oil Executives Say the Great Fuel Crisis Is Here," notes that commercial fuel inventories around the world have been declining for more than six months, while opportunities for further use of strategic oil reserves are limited. According to GlobalPetrolPrices.com, the average global price of diesel is more than 30% higher than it was a year ago. Diesel prices in the United States have reached a record $6.23 per gallon, while gasoline has risen to $4.32, with fuel shortages reported at some gas stations. In France, President Macron demanded "full mobilization" from the government to ensure supplies and control prices, and protests have begun.