Diesel Shortage to Persist Until 2027
The International Energy Agency (IEA) indicates that the shortage of diesel supplies may continue until 2027, due to significant withdrawals from inventories, production restrictions, and increased refining margins that reached around $95 per barrel in September. This situation is attributed to a decline in refining capacity stemming from attacks related to the US war on Iran, as well as disruptions in supplies from the Middle East and Russia, resulting in a loss of 1.3 million barrels per day in exports. The agency expects refining operations to recover by the end of 2026, but this will not be sufficient to offset the deficit. Meanwhile, countries are withdrawing 100 million barrels from reserves to stabilize prices, with global oil demand expected to decrease by 2.6 million barrels per day in 2026. The unprecedented rise in diesel prices has had widespread economic impacts, including increased costs of goods and inflation.
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