Global diesel shortage likely to last into 2027

A global diesel shortage is expected to persist until 2027, according to industry participants and storage market indicators. This ongoing scarcity is being fueled by the wars in Iran and Ukraine. Experts indicate that the current supply constraints are unlikely to ease before next year, reflecting a prolonged period of instability in the fuel market. The situation remains critical as geopolitical tensions continue to disrupt the global distribution and availability of diesel resources across multiple regions.