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2026-10-21T09:53:17.788Z

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Global fuel shortages expected until mid-2027

Global fuel shortages expected until mid-2027

Morgan Stanley's forecasts indicate that the global shortage of oil fuel will continue until mid-2027, despite a decline in disruptions related to the Iran conflict. This is due to an unusual increase in worldwide refinery maintenance. Planned refinery outages are expected to rise by 3.4 million barrels per day through the second quarter of 2027, exceeding normal levels and surpassing current reductions in the Middle East and Russia. This maintenance impacts fuel supplies, especially diesel, which has seen price hikes due to decreased exports amid escalating conflicts between Russia and Ukraine. Despite companies' efforts to delay maintenance to capitalize on high margins, operations will remain limited, and fuel shortages are expected to persist until mid-2027.

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