Quartz·2 min read·medium
IEA warned diesel supply will stay tight well into 2027 as prices hit records
✦AI Summary
The International Energy Agency (IEA) warns that global diesel supplies will remain constrained through 2027. Record-high prices are expected to persist as inventory deficits continue to impact the U.S. and Europe.
Why it matters
Persistent high diesel prices contribute to inflation and increase logistics costs across global supply chains.
Wholesale diesel hit all-time highs of around $220 a barrel in Europe and the…
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