Urgent.News

What's breaking now, across thousands of outlets.

Business

Öl: Energieagentur erwartet anhaltende Diesel-Knappheit bis weit ins Jahr 2027

Die „extrem angespannte“ Lage am Dieselmarkt verschärft sich durch den nahenden Winter weiter. Daran ändern weder Trumps Deal mit Russland noch Reserve-Freigaben etwas.

Öl: Energieagentur erwartet anhaltende Diesel-Knappheit bis weit ins Jahr 2027

Consumers and businesses must brace for a prolonged diesel shortage extending well into 2027, warns the International Energy Agency (IEA) in its monthly report published on Wednesday. The agency's assessment is that the situation in diesel markets is extremely tight due to unusually heavy depletion of winter stockpiles and restricted production.

As a result, refinery profit margins for diesel surged to a record high of nearly $95 per barrel in September. The shortage stems from production disruptions caused by attacks linked to the Iran war. According to the agency, diesel exports from the Middle East and Russia fell by a combined 1.3 million barrels per day in September alone.

To curb prices, IEA member countries are now coordinating the release of 100 million barrels of oil and diesel from their strategic reserves, though the impact is limited. The IEA has also cautioned of far-reaching economic consequences. The record diesel prices have already driven up commodity costs, strained real incomes, and impacted economic growth.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at handelsblatt.com →

More in Business

More from Wednesday 14 October →