Diesel Prices Remain High Despite Global Oil Supply Surge: IEA

Global oil supplies are suddenly flowing. Why a crude glut won’t mean cheaper diesel.

It’s official: the world is expected to soon have more oil than it needs for the first time since the Iran war began in February. But more oil doesn’t automatically lead to lower diesel prices.

Global Oil Supply Rises to 105.4 Million Barrels a Day as European Diesel Stays High

Refinery runs fell to 81.3 million barrels per day in October. European diesel prices remained about 77% above pre-war levels.

Diesel prices remain high despite global oil supply surge: IEA

Diesel prices stay high despite increased global oil supply due to refinery constraints. New all-time high for crude oil by December at 4.5% YES.