Global Diesel Shortage Could Last Into 2027 as Inventories Hit Historic Lows
The global diesel shortage is becoming a 2027 story. U.S. distillate inventories stood at 107.9 million barrels on September 11, the lowest level for this time of year since EIA records began in 1982, while the agency expects stocks to fall below 100 million barrels and remain below the five-year low through much of 2027. Europe and Asia are also tight, with strong implications for refining margins, inflation and long-haul product-tanker demand.
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