TODAY'S MARKET INTELLIGENCE
IEA Warns: Hormuz Crude Recovery Fails to Solve Diesel Crisis, Tight Supply May Persist Until 2027
English summary
The IEA notes that despite the recovery in crude oil shipments through the Strait of Hormuz, global diesel supply gaps remain unaddressed due to constrained refining capacity in the Middle East and Russia. The diesel market tightened counter-seasonally in Q3 with insufficient inventory buffers, and tightness is expected to persist until at least mid-2027, with high diesel prices driving up global inflation.
The English text is machine translated and may require verification against the Chinese version.
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