Key facts
- A global diesel shortage is worsening.
- Demand for diesel is rising ahead of peak winter demand.
- Supply is hampered by geopolitical tensions and refinery disruptions.
- Europe faces significant challenges in securing diesel.
- Europe is experiencing refinery closures.
- Europe faces competition for U.S. diesel barrels.
- Global diesel inventories have hit multi-decade lows.
The world is experiencing an intensifying global diesel shortage as demand escalates ahead of the peak winter season. Supply remains hampered by a combination of geopolitical tensions and ongoing refinery disruptions. Europe, in particular, is facing significant challenges in securing diesel supplies. This is due to a number of refinery closures within the continent and increased competition for available diesel from the United States. Global diesel inventories have fallen to multi-decade lows, underscoring the severity of the supply crunch. The situation is expected to remain tight as demand continues to rise with colder weather approaching.