IEA: Diesel Shortages to Persist Until Late 2027 as OECD Stocks Fall

The IEA projects significant diesel shortages will continue until late 2027, with OECD gasoline and diesel reserves dropping to 565 million barrels in July, about 5% below pre-Middle East conflict levels. The shortfall reflects structural refining capacity constraints and geopolitical disruptions, implying sustained upward pressure on diesel prices and potential supply chain impacts.