THE DIESEL CRUNCH WILL PERSIST WELL INTO 2027

What happened: The global diesel crunch is set to persist into 2027, the IEA said in its monthly Oil Market Report, as refinery disruptions in the Middle East and Russia keep refined product supply below demand. Key numbers: Global diesel exports fell 700,000 bpd in September from a year earlier, with a 1.3-million-bpd loss from Russia and the Middle East. Why it matters: The IEA says lost inventories are unlikely to be replenished before 2H27, and analysts say record diesel prices are raising freight and goods costs and feeding inflation. Coverage: 4 outlets in 24h

The global diesel crunch is set to persist into 2027, the IEA said in its monthly Oil Market Report, as refinery disruptions in the Middle East and Russia keep refined product supply below demand.

The IEA says lost inventories are unlikely to be replenished before 2H27, and analysts say record diesel prices are raising freight and goods costs and feeding inflation.