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Diesel Shortage to Continue Until 2027
Global diesel markets have faced increasing pressures due to supply disruptions and diminishing inventories, with the return of Russian exports still insufficient to stabilize the market. Reports indicate that supply shortages are expected to persist into the second half of 2027, despite improvements in refining activities. Diesel exports worldwide declined by around 700,000 barrels per day in September compared to the previous year, due to reduced supplies from Russia and the Middle East by approximately 1.3 million barrels per day. Gradually, the International Energy Agency anticipates an improvement in supply during 2027. However, market recovery depends on a steady return of petroleum product supplies, with ongoing expectations of rising diesel prices, which could amplify inflationary pressures on global economies.
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