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Global diesel shortage: why Gulf refined fuel exports lag crude oil shipments

SCMP Culture 12 October 2026 19h ago
Global diesel shortage: why Gulf refined fuel exports lag crude oil shipments
66
Relevance
9/25
Freshness
24/25
Authority
18/20
Brand Signal
9/15
Depth
6/15
Relevance Freshness Authority Brand Depth
Global diesel prices remain near record highs as Gulf producers struggle to restore refined-fuel exports, despite a recovery in crude shipments and pledges by more countries to release reserves. Net diesel exports from Gulf countries averaged 390,000 barrels per day in August, just over a quarter of their levels before the US-Israel war on Iran, according to the latest available data by the Intern
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