May be prudent to stock up on Petrol ( gasoline) and Diesel chaps. The fuel issue in increasing, the price war between Saudi / OPEC and Russia is driving down prices to a point that many wells and refineries are closing down.
It is even affecting US oil production as the collapsing price is making many American rigs uneconomical at the moment and the US may end up cutting production as well.
Also the Corona virus AND the assorted global lockdowns are now stopping many Refinery workers, Tanker Drivers, Gas Station staff etc UNABLE to get to work. AND as the pandemic spreads many of those workers and their families are getting infected thus again cutting the numbers of workers available to drill, ship, refine, transport and pump the supplies.
Finally not only is production being cut but many places are stockpiling fuel to try and push the prices back up and also to prepare National Reserves of fuel should the crisis continue a long time.
It is even affecting US oil production as the collapsing price is making many American rigs uneconomical at the moment and the US may end up cutting production as well.
Also the Corona virus AND the assorted global lockdowns are now stopping many Refinery workers, Tanker Drivers, Gas Station staff etc UNABLE to get to work. AND as the pandemic spreads many of those workers and their families are getting infected thus again cutting the numbers of workers available to drill, ship, refine, transport and pump the supplies.
Finally not only is production being cut but many places are stockpiling fuel to try and push the prices back up and also to prepare National Reserves of fuel should the crisis continue a long time.
