Global diesel shortages to persist
Global diesel markets will remain tight into next year as conflicts curb output from the Middle East and Russia. High prices continue to drive inflation and hurt economic growth.
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Global diesel shortages will persist well into 2027, driven by middle distillate deficits and geopolitical conflict curbing output from Russia and the Middle East, the International Energy Agency said on Wednesday. The warning precedes an emergency board meeting to discuss emergency stock releases. High diesel prices are driving inflation and curbing economic growth worldwide, impacting industry, agriculture, and transport sectors.
