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Asian diesel exports to Africa rise
In August, there was an unprecedented increase in Asian diesel exports to Africa, the highest in over four years, estimated to reach between 1.8 million and 2 million tons, equivalent to approximately 13.4 to 14.9 million barrels. This surge is attributed to reduced supplies from the Middle East due to regional tensions and conflicts. The disruption of Middle Eastern exports—particularly from Saudi Arabia—and the loss of a significant portion of supplies have provided Asian suppliers with an opportunity to strengthen their presence in the African market, which previously relied on about 50% of its diesel imports from the region. It is expected that Africa will continue to depend heavily on Asia to meet its demand, especially as threats to navigation through strategic straits persist.
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