Global diesel supply will remain tight due to a lack of spare refining capacity, Russia's ban on exports and the approach of peak winter demand, senior industry executives said on Tuesday. The wars in Ukraine and Iran have impacted refineries in Russia and the Middle East, pushing diesel margins to record levels in Europe and the US, while reducing crude supplies to Asia.

Global diesel supplies are expected to remain exceptionally tight through the coming winter as refinery disruptions in Russia and the Middle East drain inventories and drive fuel…

Diesel prices remain high due to refinery outages, impacting demand. Crude oil reaching a new all-time high by December 31 at 10.5% YES.