May 9, 2022 [TankTerminals.com & Insights Global] – René Loozen, Consultancy Director at Insights Global, was interviewed last Thursday May 5, 2022 on NOS (a news source from The Netherlands).

 
The interview’s headline was: Oil Embargo ‘In Slow Motion’ Hits Russia Hard, But Also EU. Original source. (Language: Dutch).

Here are the key take-aways from this interview, nation-wide broadcasted in The Netherlands.

1. EU decision to stop oil imports from Russia later this year
2. Impact of such a ban on the European and Dutch economy
3. Most important impact is that diesel will become even more scarce
4. Consequently price of diesel will increase
5. And as transport costs will be passed on, all consumers feel the impact as prices of most products will be affected

Insights Global is an independent market research company specialized in international petroleum and petrochemical industries. Learn more.