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Global Crude Prices Are Calm... Why the World Is Facing a Diesel Crisis


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While international crude oil prices are hovering around the $100 per barrel mark, diesel prices in the United States have hit record highs.

Even though crude oil is available, a shortage of refining facilities combined with successive strikes on Russian refineries has raised alarms over diesel supply and demand.

We take a look at the situations in countries around the world and the current state of South Korea, which is holding out with a ceiling on petroleum prices.

Find out the causes of the "diesel crisis" sweeping the globe in the video.

(Produced by So Hwan-uk | Edited by Yoon Ye-ran | Designed by Cho Seung-hyun | Assisted by Kim Chae-hyun | Produced by Knowledge Content IP Team)

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