Business · Energy & Commodities · 10 hrs ago
Gulf diesel exports remain far below pre-war levels
Diesel prices remain near record highs as Gulf countries struggle to restore exports of refined fuels.
In August, their net diesel exports averaged 390,000 barrels per day, according to the International Energy Agency.
That was just over a quarter of the level before the US-Israel war on Iran.
Crude shipments have recovered, but diesel exports have not kept pace.
Analysts say Gulf infrastructure is designed mainly for crude oil, making refined fuels harder to ship.
Some countries have pledged to release reserves, but the sources do not say when diesel exports may recover.
The shortfall matters because it is keeping global diesel prices high.
Net diesel exports from Gulf countries averaged 390,000 barrels per day in August, just over a quarter of pre-war levels.
Gulf refined-fuel exports have lagged behind the recovery in crude shipments.
Global diesel prices remain near record highs.
The International Energy Agency published the latest available export data in September.
Analysts said Gulf infrastructure is geared towards crude oil, making refined fuels harder to ship.
- Who
- Gulf countries are the exporters.
- What
- Net diesel exports remain far below pre-war levels despite a recovery in crude shipments.
- When
- August; the latest available data was published in September.
- Where
- The Persian Gulf.
- Why
- Analysts said infrastructure is geared towards crude oil, making diesel and other refined fuels harder to ship.
This story does not have two clearly opposing sides.
Gulf net diesel exports were at more than three times their August level.
Net diesel exports from Gulf countries averaged 390,000 barrels per day.
The International Energy Agency published the latest available export data.
- August exports
- 390,000 barrels per day
- Pre-war comparison
- Just over a quarter of previous levels
- Data source
- International Energy Agency
- Data publication
- September
Sources
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