Fears Ireland will run out of diesel have risen as global markets begin to feel the squeeze on supply due to sanctions on Russia for its invasion of Ukraine.
Experts have said Europe is at risk of a “systemic” shortage that could result in fuel rationing, reports the Financial Times.
Speaking to the FT, Commodities Global Summit in Lausanne, Switzerland, the head of Vitol, Gunvor and Trafigura - the three largest commodity traders in the world - have estimated that 3 million barrels of oil from Russia could be lost every day.
