IEA Predicts Continued Global Diesel Shortages Until 2027

WHO:

NY Post - The International Energy Agency (IEA) is involved in the warning about diesel shortages.

WHAT:

NY Post - The IEA warned that the world's diesel shortage could persist well into 2027.

IJR - The IEA reported a loss of 1.3 million barrels per day (mmbbl/d) from the Middle East and Russia.

IJR - Wholesale diesel prices are approximately $220 per barrel.

IJR - Prices in Europe "could rise again."

WHERE:

NY Post - The warning pertains to global fuel prices and economic conditions.

WHEN:

IJR - The IEA predicts that diesel markets will remain tight through 2027.

WHY:

NY Post - The ongoing wars in Ukraine and Iran are contributing to the diesel shortages.

HOW:

IJR - The IEA's assessment is based on losses in production from the Middle East and Russia.

(UPDATED October 14, 2026 19:59 UTC)

The International Energy Agency has issued a warning that the global diesel shortage could continue well into 2027, largely due to ongoing conflicts in Ukraine and Iran. They reported a significant loss of 1.3 million barrels per day from production in the Middle East and Russia, with wholesale diesel prices currently around $220 per barrel, which may rise again in Europe. This situation is expected to keep diesel markets tight, impacting fuel prices and economic conditions worldwide.