IEA warned diesel supply will stay tight well into 2027 as prices hit records

What happened: The IEA warned that diesel supply will stay tight well into 2027 after wholesale diesel hit all-time highs in Europe and the U.S. last month. Key numbers: Wholesale diesel peaked at around $220 a barrel. The IEA says inventory deficits will not clear until late next year. Why it matters: The IEA expects the tight market to persist rather than ease quickly, with inventory deficits lasting until late next year. Coverage: 5 outlets in 24h

The IEA warned that diesel supply will stay tight well into 2027 after wholesale diesel hit all-time highs in Europe and the U.S. last month.

The IEA expects the tight market to persist rather than ease quickly, with inventory deficits lasting until late next year.