Diesel squeeze set to last well into 2027 as Iran war disrupts supply, IEA says
- Published Wed, Oct 14 2026 4:00 AM EDTUpdated Wed, Oct 14 2026 6:37 AM EDTThe IEA said replenishing lost inventories may not begin before the second half of 2027, even as refinery output recovers.
- Diesel exports fell by 700,000 barrels a day year on year in September, while wholesale prices reached record highs in several major markets.
- The IEA said the proposed Russian diesel supply deal would have little macroeconomic impact, and warned that renewed Gulf attacks could derail the oil supply recovery.
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- Published Wed, Oct 14 2026 4:00 AM EDTUpdated Wed, Oct 14 2026 6:37 AM EDTThe IEA said replenishing lost inventories may not begin before the second half of 2027, even as refinery output recovers.
- Diesel exports fell by 700,000 barrels a day year on year in September, while wholesale prices reached record highs in several major markets.
- The IEA said the proposed Russian diesel supply deal would have little macroeconomic impact, and warned that renewed Gulf attacks could derail the oil supply recovery.
Sources: Cnbc