The world’s diesel market is once again flashing signs of chaos. The world’s diesel market is once again flashing signs of chaos, undermining the global economy with a fresh bout of inflationary pressure. Powering trucks, trains and ships that drive industry, the fuel is commanding huge buy-it-now premiums in Europe. Beset by worker strikes over pay at French oil refineries that lasted over three weeks, the continent is struggling to be ready for a ban on imports from key supplier Russia that’s 3 1/2 months away. The US has the lowest seasonal inventories in data that began in 1982 going into winter. The chaos is the last thing Europe needs alongside sky-high energy prices, but there could be worse to come. Officials in the Biden administration have pressed fuel producers to curtail overseas exports and chastised them for low diesel stockpiles. “It’s extremely tight, end user stocks are extraordinarily […]