International Energy Agency Director Fatih Birol said at a conference in Paris that the supply of diesel in Europe and other regions is “extremely tight.” “I am very concerned about diesel prices.” European and American diesel prices have reached historic highs. Higher oil prices will drive up agricultural inflation in a few months. The price of liquefied petroleum gas is also causing trouble in Africa, India, etc. When asked if a new round of strategic reserves will be released, Birol said he will make a further statement later on Thursday.

International Energy Agency Director Fatih Birol said at a conference in Paris that the supply of diesel in Europe and other regions is “extremely tight.” “I am very concerned about diesel prices.” European and American diesel prices have reached historic highs. Higher oil prices will drive up agricultural inflation within months. The price of liquefied petroleum gas is also causing trouble in Africa, India, etc. When asked if a new round of strategic reserves will be released, Birol said he will make a further statement later on Thursday.